Best Tax Lawyers in Baguio City

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List of the best lawyers in Baguio City, Philippines

NARAG LAW OFFICE

Baguio City, Philippines

Founded in 2015

12 people in their team

www.naraglawoffice.com

You've Come To The Right PlaceOur Managing Attorney, Atty. Narag (a CPA), started this firm in January 2015 after working in the corporate world for more than 20 years (SGV&Co., PriceWaterhouse Coopers,.AIG/AIA, etc). He has so far positively used his extensive experience as a...

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Philippines Tax Legal Questions answered by Lawyers

Browse our 3 legal questions about Tax in Philippines and the lawyer answers, or ask your own questions for free.

The BİR put declared purchase as net sales since there are no sales invoices of purchase. If the seller does not want to issue any copies of sales invoices, can the successful online bank transfer to sellers account signed and verified by the bank be used: Yes, a successful online bank transfer to the seller's account that is signed and verified by the bank can often be used as supporting evidence to demonstrate that a purchase was made. However, whether this is acceptable depends on the jurisdiction's tax laws and regulations. Below are key points to consider:1. Legal AcceptabilityIn many jurisdictions, tax authorities require proper sales invoices as primary proof of transactions for tax reporting purposes.If the seller refuses to issue sales invoices, you may need to report this to the relevant tax authority as non-compliance with invoicing regulations.2. Supporting DocumentationIf the sales invoice is unavailable, the following documents may strengthen your case:Bank Statement or Transfer Receipt: A signed and verified bank document showing the transaction details, including the amount, date, and recipient’s account information.Purchase Agreement or Order Confirmation: If available, include any agreements, contracts, or email correspondence detailing the purchase.Delivery Records: If applicable, records or receipts for the delivery of goods or services.3. Communication with the SellerAttempt to communicate with the seller to resolve the issue and request an official sales invoice.If they continue to refuse, document these attempts as evidence.4. Consult Tax ProfessionalsIt’s essential to consult a tax advisor or legal expert familiar with the requirements in your jurisdiction. They can guide you on how to present the evidence and address potential issues with the tax authority.While a verified bank transfer may be persuasive, it may not replace a sales invoice in all situations. The best course of action is to gather as much corroborating documentation as possible and seek professional advice.
Is it allowed to change from tax declaration to titled? Can I buy a right of way at least 4 meters wide ?: This type of transaction is what we do every day - Estate Settlement, Right of Way, and Lot Acquisition/Registration. Please call us at directly
are BIR mission orders authorized to assess tax deficiency?: I suggest that you call us at 09189395137 - Atty Mario P Narag Jr

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About Tax Law in Baguio City, Philippines

Tax law in Baguio City, Philippines is governed under the general principles of the National Internal Revenue Code. This includes individual and corporate income taxation, value-added tax, estate and donor's taxes, excise taxes, and other percentage taxes. Moreover, local government units like Baguio City have the power to create their local taxes applicable within their jurisdiction under the Local Government Code.

Why You May Need a Lawyer

While tax payments and filing can be handled individually or by corporations themselves, there are certain scenarios where tax laws can become quite complex. These can include instances such as during an audit by the Bureau of Internal Revenue, tax disputes, tax planning and exemption issues, estate and inheritance tax concerns, and business tax implications. In these situations, seeking advice from a well-versed tax lawyer can be beneficial to ensure accurate handling, timely compliance, and prevention of costly errors.

Local Laws Overview

Aside from the comprehensive national tax laws, Baguio City may impose certain local taxes and fees under the Local Government Code. These local levies include community tax, business tax for merchants and manufacturers, real property tax, and tax on idle lands. Also, Baguio City offers certain tax incentives and exemptions for sectors like tourism, which can have a significant local legal implication.

Frequently Asked Questions

1. What is the standard Value-Added Tax (VAT) in Baguio City?

The standard VAT in the Philippines, including Baguio City, is 12%.

2. Can Baguio City impose local taxes that are not defined under the Local Government Code?

No, Baguio City cannot impose any additional local taxes other than those expressly provided in the Local Government Code.

3. Is there a local tax on rental properties in Baguio City?

Yes, income from rental properties is subject to both local business tax and national income tax.

4. How can I appeal a tax decision assessed by the Baguio City government?

Your tax lawyer can guide you through the proper process of appealing a tax decision. This often begins with filing a formal letter of protest with the local tax office.

5. Are there penalties for late payment of local taxes in Baguio City?

Yes, late payment of local taxes incur penalties, including surcharges, interests, and fines.

Additional Resources

The Bureau of Internal Revenue and the Baguio City Treasury Department are the main government entities handling tax concerns. Websites like the Philippine Tax Academy can also provide valuable insights and educational materials. Non-profit organizations, like the Tax Management Association of the Philippines, offer forums, seminars, and workshops related to taxation laws and updates.

Next Steps

If you require legal assistance with tax-related matters, your first step should be to consult a practiced tax lawyer in Baguio City. They can advise you on the applicable provisions of national and local tax laws, help with strategic tax planning, and represent you in any tax disputes or official proceedings. Referrals or online legal directories can aid your search in finding a suitable legal practitioner.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.