December 6, 2023
TAX exemption and tax amnesty are two important concepts in Philippine taxation law, but they are often confused. It is important to understand the difference between the two. Tax exemption is the condonation of a tax liability conferred upon to persons or entities belonging to a specific category, which may be express, implied or contractual,
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The Maharashtra Government has told the Bombay High court that it has extended investment based exemption granted to Imagicaaworld Entertainment, formerly Adlabs Entertainment for two years of the Covid 19 pandemic period. The company had filed a petition before the HC, seeking an extension of its entitlement certificate that is issued by the state government.
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UNDER Section 30(E) of the Tax Code, nonstock corporation or association organized and operated exclusively for religious, charitable, scientific, athletic or cultural purposes, or for the rehabilitation of veterans are exempt from income tax as long as no part of its net income or asset shall belong to or inure to the benefit of any
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THE Philippine Amusement and Gaming Corp. (Pagcor) is still awaiting a decision from the Commission on Elections (Comelec) on its request to be exempted from the spending ban now being implemented until the Barangay and Sangguniang Kabataan Elections (BSKE) next month. According to Vice President (VP) for Corporate Social Responsibility (CSR) Ramon Stephen R. Villaflor,
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A barber shop has pledged to remain a “last male sanctuary” and will apply to block women from its premises with an exemption application to the Equal Opportunity Act. The move comes following a complaint to Equal Opportunity SA about the barber’s request that women observe its status as a space for men. “Whilst we
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Starting July 1, buyers of the first home in New South Wales will be able to waive stamp duty on property purchases under $800,000, with the stamp duty exemption removed from their current cap of $650,000. The law was formally passed by both the upper and lower houses on Thursday evening, with the New South
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World No. The 1st-place male tennis player will not be able to compete in the Miami Open next week due to his COVID-19 vaccine status Novak Djokovic, recent winner 22nd Grand Slam According to Miami Open tournament director James Blake, he was denied permission to enter the United States. Novak Djokovic of Serbia argues with
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The US will allow the UK to maintain its exemption from foreign investment screenings for certain real estate and non-controlling transactions after it concludes that the UK has established a strong enough domestic regime. Friday’s decision is Washington’s vote of confidence in Britain’s new and tougher law. foreign investmentwhich was implemented last year and has
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