In an effort to make doing business easier, the government introduced significant changes to the Value-Added Tax (VAT) provisions through Republic Act (RA) No. 11976, known as the Ease of Paying Taxes ...

It has been more than a month since Republic Act (RA) No. 11976, otherwise known as the Ease of Paying Taxes (EoPT) Act, was signed into law, taking effect on Jan. 22. This law was considered a ...

One significant amendment introduced by the Ease of Paying Taxes (EOPT) Act is the seller’s right to deduct and claim output value-added tax (VAT) credit on uncollected receivables, subject only to ...

The Ease of Paying Taxes (EoPT) Act touches on one “problematic” process that occurs after the filing of tax returns – the refund process which is generally viewed as time-consuming. • Refunds of ...

With the Ease of Paying Taxes Act (EOPT or RA 11976) taking effect, there are a number of changes that taxpayers need to do or implement in compliance with the requirements under the new law. Many of ...

Since the effectivity of Republic Act 11976, otherwise known as the Ease of Paying Taxes (EOPT) Act on January 22, 2024, the Bureau of Internal Revenue (BIR) has issued several Revenue Regulations (RR ...

REPUBLIC Act 11976, also known as the Ease of Paying Taxes (EoPT) Act, provides relief to cash flow issues that may arise from output value-added tax (VAT) on uncollected receivables. Revenue ...

AS the dust settles on the much-anticipated release of the implementing rules and regulations (IRR) of Republic Act 11976, also known as the Ease of Paying Taxes (EOPT) Act of 2024, businesses must ...

We often hear taxpayers (local and foreign alike) complain about how burdensome Philippine tax compliance is. Well, the government heard the complaints. On Jan. 5 President Marcos signed the Ease of ...