Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

Showing 1–5 of 5 articles for “course of trade or business”

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Aug 14, 2026 percentage tax value-added tax vat bir philippines tax train law

Percentage Tax vs. VAT in the Philippines: Which Applies to Your Business?

Learn the difference between percentage tax and VAT in the Philippines, which businesses pay which, and how to comply.

Jan 17, 2023 vat inter-company loans tax law lapanday foods bir assessment prescription

Inter-Company Loans and VAT: When Interest Income Is Not Taxable

Philippine Supreme Court ruling clarifies when interest on inter-company loans is exempt from VAT and how prescription periods apply.

Jul 28, 2020 tax law non-profit clubs membership fees vat income tax bir

Navigating Tax Exemptions for Non-Profit Clubs: The Supreme Court's Ruling on Membership Fees

The Supreme Court clarifies that membership fees and assessment dues of recreational clubs are not subject to income tax and VAT.

Jun 26, 2019 taxation income tax value-added tax bir recreational clubs supreme court

Are Membership Fees of Recreational Clubs Taxable Income? SC Ruling

The Supreme Court clarifies when membership fees and assessment dues of recreational clubs are subject to income tax and VAT.

Jul 28, 2006 vat taxation national internal revenue code course of trade or business supreme court commercial law

VAT on Sale of Assets: When Is It "In the Course of Trade or Business"?

Philippine Supreme Court clarifies when a sale of company assets is subject to VAT, requiring that the sale occur in the course of trade or business.