Lorenzo Shipping wins petition to drop BIR’s P2B tax case

The Philippine Commission on Tax Appeals (CTA) has granted Lorenzo Shipping Corporation’s (LSC) petition to cancel the P2-billion tax deficiency case filed against the…

BOC releases implementing rules for accreditation of importers, brokers

Updated on May 4 to reflect the effectivity of the memo. The Bureau of Customs (BOC) has issued implementing rules for the accreditation of…

PH shipping, trucking rate hike looms in wake of higher fuel excise tax

The increase in the excise tax on fuel brought about by the passage of the new Tax Reform for Acceleration and Inclusion (TRAIN) Law…

BIR ruling clears up VAT exemption for int’l cargo, passenger transport

A newly released ruling of the Bureau of Internal Revenue (BIR) clarified the coverage of value-added tax (VAT) exemptions for the passenger and cargo…