Action Plan 15 of the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion Profit Shifting (BEPS) Project discusses the desirability and technical feasibility of a multilateral instrument to implement the treaty-related measures in the other BEPS Action Plans (discussed in previous articles in this column).
THE National Grid Corporation of the Philippines (NGCP) on Friday filed a civil case against a family that has refused to give the company access to an area where a toppled transmission tower needs to be repaired, placing Mindanao’s electricity supply at risk.
THE Office of the President is now looking into the draft executive order, prepared by the Department of Budget and Management, to implement the first tranche of the proposed salary hike for government workers, a Palace official said Friday.
PROSPECTIVE BIDDERS of government contracts will have to satisfy more stringent qualification requirements, following the release of new regulations on the issuance of tax clearance for such purposes.
THE GOVERNMENT has published the implementing rules and regulations (IRR) on cigarette health warnings, signaling the start of graphic depictions of smoking hazards on tobacco products.
THE GOVERNMENT will have completed at least five infrastructure ventures with the private sector before next President takes over in less than four months, the Public-Private Partnership (PPP) Center’s chief said.
THE BASES Conversion and Development Authority (BCDA) said yesterday that the development of its flagship project is backed by the farmers, residents and local government officials in Tarlac who will be affected.
THE GOVERNMENT gave itself the option to demand a bigger share in the earnings of state corporations, following the revision of the implementing rules and regulations (IRR) of the Government-owned and -controlled Corporations (GOCCs) Dividend Law.
THE RECOMMENDATION of the Department of Budget and Management (DBM) to implement the Salary Standardization Law (SSL) 4’s first tranche will be submitted to President Benigno S. C. Aquino III this week.
The term situs is of Latin origin referring to “site or location”. In tax parlance, situs refers to the place of taxation. Determined by legislature, situs is one aspect of taxation, along with nature, purpose, rate, and coverage. Knowing the proper situs of local business tax (LBT) is particularly crucial because payment of the applicable LBT is required before one can get a business permit.