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+ Follow VALUE-ADDED TAX REGULATIONS Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 170907 [Title] => Royalty payments [Summary] => FCP is a corporation organized and existing under Philippine law and a wholly-owned subsidiary of Japan-based FCJ. It seeks a ruling on whether the royalty payments it makes to its mother company are exempt from the value-added tax, both during the six-year income tax holiday (ITH) period extended by the Philippine Economic Zone Authority and after the lapse of the ITH, should it choose to pay a 5% final tax on its gross income earned in lieu of all national and local taxes in accordance with Section 24 of RA 7916.
[DatePublished] => 2002-08-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business As Usual [SectionUrl] => business-as-usual [URL] => ) ) )
VALUE-ADDED TAX REGULATIONS
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 170907 [Title] => Royalty payments [Summary] => FCP is a corporation organized and existing under Philippine law and a wholly-owned subsidiary of Japan-based FCJ. It seeks a ruling on whether the royalty payments it makes to its mother company are exempt from the value-added tax, both during the six-year income tax holiday (ITH) period extended by the Philippine Economic Zone Authority and after the lapse of the ITH, should it choose to pay a 5% final tax on its gross income earned in lieu of all national and local taxes in accordance with Section 24 of RA 7916.
[DatePublished] => 2002-08-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business As Usual [SectionUrl] => business-as-usual [URL] => ) ) )
abtest
August 5, 2002 - 12:00am
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