WebHistory. Pepsi-Cola Products Philippines, Inc. (PCPPI) was established in 1989 as Premier Beverages by Luis Lorenzo, Sr. to acquire the bottling and distribution rights to PepsiCo beverages in the Philippines.. In 1997, the Guoco Group acquired Lorenzo’s holdings in PCPPI. Under Guoco management, ₱700 million was spent in 1998 to upgrade the … WebJul 8, 2024 · On July 1, 2024, PEZA Director General Charito ‘Ching’ Plaza, in a letter addressed to the Department of Finance (DOF) Secretary Carlo Dominguez III, raised several clarifications in relation to BIR RR 9-2024 which took effect on June 27, 2024. The said RR imposed 12% VAT on several transactions previously taxed at zero percent (0%). … Read …
DepEd strengthens policies to promote and protect children’s rights
WebTax Incentives Offered by PEZA. PEZA-registered enterprises can enjoy numerous tax incentives, which include but are not limited to the following: income tax holiday (ITH) of 4 to 7 years (as provided under RA 11534) preferential final tax of 5% of gross income in lieu of all national and local taxes (after the ITH period) tax and duty-free ... WebMar 24, 2024 · Erroneously passed-on input VAT. IN last week's article, we discussed Revenue Memorandum Circular (RMC) 24-2024, which interpreted the rules on value-added tax (VAT) zero rating under the National Internal Revenue Code as amended by the Create Act (Republic Act 11534). Specifically, RMC 24-2002 interpreted the provisions of … crosby tugs louisiana highway
2024 Revenue Memorandum Circulars - Bureau of Internal Revenue
WebApr 8, 2024 · The Philippine Economic Zone Authority (PEZA) allows 30 percent work from home (WFH) scheme for its registered information technology-business process outsourcing (IT-BPOs) and registered business enterprises (RBEs) until Sept. 12, 2024. Those that cannot immediately return to office even after April 1 can request a Letter of … WebAug 10, 2024 · In relation to this, CREATE neither repealed nor amended the VAT refund provisions under Section 112 of the Tax Code. As it stands now, any VAT-registered person, whose sales are zero-rated or effectively zero-rated, may still apply for the issuance of a tax credit certificate or refund of creditable input tax due or paid that is attributable ... WebApr 12, 2024 · Fiscal Incentives. These are the incentives PEZA provides its registered enterprises by virtue of The Special Economic Zone Act of 1995 (RA 7916) and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act (RA 11534). PEZA has the authority to approve or disapprove the grant of incentives to registered projects or … crosby tugs llc applications