Αποτελέσματα Αναζήτησης
Under the current withholding tax rules, the obligation to withhold arises at the time an income payment is paid, becomes payable, or is accrued or recorded as an expense or asset, whichever is applicable in the payor’s books, whichever comes first.
To be entitled to a refund of erroneously or illegally collected tax, there must be a written claim for credit or refund filed with the BIR within two years from the date of payment of tax, or penalty.
28 Νοε 2023 · Income taxes. EOPT repealed withholding of tax as a requirement for deductible payments from gross income. On the other hand, claims for creditable income tax should only be granted if the tax is included in the gross income and properly deducted and remitted.
11 Ιαν 2024 · Refund claims of erroneously-paid taxes to be acted upon by the BIR within 180 days from submission of complete documents and appeal to the Court of Tax Appeals to be made within 30 days from receipt of the decision or from expiration of the 180-day period.
2 Φεβ 2023 · The rules are clear. For tax refunds of unutilized excess creditable expanded withholding tax (CWT), three essential conditions must be met: (i) the timeliness of the refund application, (ii) the fact of withholding is established, and (iii) that the income upon which the taxes were withheld was included in the return of the recipient/claimant.
17 Ιαν 2024 · VAT refund claims are classified as high-risk, medium-risk, or low-risk, with medium- to high-risk claims undergoing audit and verification. Taxpayers can appeal the decision of the BIR to the Court of Tax Appeals within 30 days from receipt of denial or after the 90-day period.
