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Showing 1–14 of 14 articles for “gross receipts”

DST and GRT on Special Savings Accounts: Philippine Veterans Bank Ruling

The Supreme Court ruled special savings accounts are subject to documentary stamp tax and that final withholding taxes count toward gross receipts tax.

BIR Assessments Without a Letter of Authority Are Void for Lack of Due Process

Philippine Supreme Court voids BIR deficiency assessments issued without a Letter of Authority, and clarifies HMO gross receipts for VAT.

HMO VAT Assessments Void Without Letter of Authority: Medicard Case

Supreme Court voids HMO VAT assessment without Letter of Authority; only service fees, not earmarked medical funds, are taxable gross receipts.

Gross Receipts vs. Gross Revenue: The Tax Base for Contractors in the Philippines

The Supreme Court clarifies that local business tax on contractors is based on gross receipts, not gross revenue.

Substantial Compliance Prevails Upholding Justice Over Technicalities IN Appellate Procedure

SC rules substantial compliance with verification rules and corrects error on local business tax base—gross receipts, not gross revenue.

Gross Receipts TAX Final Withholding TAX Inclusion IN Bank Income 2

Gross Receipts TAX THE Inclusion OF Final Withholding TAX IN Banks Taxable Income

Gross Receipts Tax: Final Withholding Tax Included in Bank's Tax Base

Supreme Court rules 20% final withholding tax on bank passive income forms part of gross receipts for computing 5% gross receipts tax.

Gross Receipts TAX Including Final TAX IN THE TAX Base FOR Banks

Gross Receipts TAX Inclusion OF Final Withholding TAX IN Bank Income

Gross Receipts Tax: When Withheld Interest Income Still Counts for Banks

Philippine Supreme Court ruling on whether the 20% final withholding tax on banks' passive income forms part of gross receipts for the 5% gross receipts tax.

Gross Receipts Tax on Banks Includes Withheld Interest Income

Supreme Court rules the 20% final withholding tax on interest income forms part of a bank's gross receipts for gross receipts tax purposes.

Finality of Tax Assessments: Timeliness, Gross Receipts, and the Security Guard Case

A look at Protector's Services v. CIR on tax assessment finality, prescriptive periods, and what counts as gross receipts.

Contractor's Tax Assessments: Prescription Periods and Gross Receipts Rules

Philippine Supreme Court ruling on tax assessment prescription periods, contractor's tax on security agency gross receipts, and protest deadlines under the NIRC.