Tax Group Bewails New Regulations Issued by Outgoing BIR Head Henares

A new disagreement arose between outgoing commissioner Kim Henares and industry group Tax Management Association of the Philippines (TMAP) over the issuance of two revenue regulations. The first laid out tax probe rules for property buyers and sellers found not to have financial capacity to hold onto their assets. The second clarified how banks and non-banks should treat passed-on gross receipts tax to their clients…

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