Territorial tax system

VAT on the sale of services to RBE PEZA

TThe imposition of a 12% value added tax (VAT) on local purchases by PEZA registered businesses continues to generate debate and concern. The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 9-2021 stating that certain sales that were previously considered zero-rated for VAT are now subject to 12% …

Read More »

Clameur around RR 9-21 | Manila weather

More than a month has passed since the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 9-21 – a three-page document that applies a value-added tax (VAT) of 12 per cent on national purchases of exporters and indirect purchases of exports. The regulation has caused confusion among business enterprises …

Read More »

Pushing back the Biden tax cartel

President Joe Biden signs an executive order on “Promoting Competition in the U.S. Economy” at the White House in Washington, DC on July 9, 2021. (Evelyn Hockstein / Reuters) Of Deutsche Welle, yesterday: Ireland is about to abandon its 12.5% ​​corporate tax rates later this year, Irish media reported on …

Read More »

EU overbreadth threatens to derail efforts to decarbonize shipping, warns ICS

The International Chamber of Shipping (ICS) issued a statement following the European Commission’s proposal to extend the EU’s Emissions Trading System (ETS) to cover the transport sector international maritime. Guy Platten, ICS General Secretary, commented: “Apart from an ideological revenue-raising exercise, which will greatly upset the EU’s trading partners, it …

Read More »

Kharge, Energy News, ET EnergyWorld

MUMBAI: Stating that the issue of inflation and rising fuel prices will dominate the session of parliament from July 19, top Congress leader Mallikarjun Kharge claimed on Monday that the Center has raised Rs 25 lakh crore through fuel tax, but it does not use that fund for the welfare …

Read More »

The pandemic opportunity by Muhammad Yunus

With so much “normal” social and economic life put on hold by the coronavirus pandemic, there’s no better time to consider new approaches to development. Until we achieve environmental, social and economic sustainability, we as a species will be in a race against time. DHAKA – The pandemic has thrown …

Read More »