R.Uy-San Juan & Associates

LAW FIRM

R.Uy-San Juan & Associates

LAW FIRM

R.Uy-San Juan & Associates

LAW FIRM

LAW UPDATES

Business Tax for Professionals

The Department of Finance has issued Local Finance Circular (LFC) 001-2019 that sets guidelines to local government units on imposing and collecting taxes and other charges on professionals. Among the salient features of circular , which was signed by Secretary Carlos Dominguez III last June 12, 2019, is the exemption of professionals from paying business permit fees for the operation of their offices or clinics.

 

Under the guidelines, while professionals still need to secure business permits from LGUs, such should be at no cost at all during the registration or renewal of the operation of their clinics or offices, given that such permits cannot regulate the practice of their profession. 

 

See links:

 20190618-Local Finance Circular No. 001.2019 GUIDELINES ON THE.pdf

 

LAW UPDATES

Business Tax for Professionals

The Department of Finance has issued Local Finance Circular (LFC) 001-2019 that sets guidelines to local government units on imposing and collecting taxes and other charges on professionals. Among the salient features of circular , which was signed by Secretary Carlos Dominguez III last June 12, 2019, is the exemption of professionals from paying business permit fees for the operation of their offices or clinics.

 

Under the guidelines, while professionals still need to secure business permits from LGUs, such should be at no cost at all during the registration or renewal of the operation of their clinics or offices, given that such permits cannot regulate the practice of their profession. 

 

See links:

 20190618-Local Finance Circular No. 001.2019 GUIDELINES ON THE.pdf

 

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