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Tax
Business with Confidence
The Philippine tax system is evolving to encourage new investments, and at the same time, dramatically increase the government’s revenue collections. Recent developments include major reforms in the rules for value added and corporate income tax. Local and foreign companies of all sizes must adapt quickly if they are to operate confidently and realize new benefits.
Quisumbing Torres can help you stay on top of your tax requirements. We draw on 40 years of experience practicing law in the Philippines and, as a member firm of Baker & McKenzie, on the knowledge and experience of our colleagues in more than 35 countries.
Our tax practice group includes lawyers, certified public accountants and other tax practitioners who proactively assess new rulings, their effect on your operations and how to best address them. We have helped develop tax strategies for companies involved in information technology, infrastructure, utilities, manufacturing and pharmaceuticals.
Quisumbing Torres works closely with relevant government agencies, including the Board of Investments, Court of Tax Appeals, Philippine Economic Zones Authority and Tariff Commission to help you leverage on tax and customs requirements.
Our practitioners have represented clients in congressional hearings that involve their Philippine operations. We have also helped draft tax laws or regulations affecting entire industries.
How We Can Help
In addition to standard tax advisory services, we also provide tailored and creative advice on:
- Tax structuring for mergers and acquisitions
- Tax implications of corporate reorganizations
- Tax implications and incentives related to foreign investments
- Value-added tax
- Income and withholding taxes
- Tax treaty relief provisions
- Real estate transactions
- Issues and procedures related to World Trade Organization, trade and customs
We represent clients in:
- Tax audits
- Protests of national and local tax assessments
- Claims for refund
- Customs valuation and seizure cases
We also offer online helpdesks on specific tax-related issues:
- Software Tax Characterization – offers software companies advice and updates on tax concerns related to software sales and revenues
- Global Equity – offers tax-related knowledge and information on stock plans and employment programs for multinationals
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