Tuesday, July 1, 2014

Dentists win court reprieve

DENTISTS YESTERDAY joined three other professions in securing a Supreme Court reprieve from a tax rule requiring self-employed professionals to disclose their rates.

The high court, which acted on a complaint-in-intervention plea filed by the Philippine Dental Association, issued a temporary restraining order (TRO) against the implementation of the tax bureau’s Revenue Regulation (RR) 4-2014.

Lawyers, doctors and accountants earlier secured similar injunctions.

“The TRO is effective immediately and until further orders from the court,” SC Spokesperson Theodore O. Te said.

Internal Revenue Commissioner Kim S. Jacinto-Henares maintained the TRO was “merely an interim order”, adding that the tax bureau would “enforce stricter monitoring” of self-employed professionals.

“We will have to conduct more tax mapping, surveillance and audit to make sure they comply with tax laws, file and pay the right taxes,” Ms. Henares said.

RR 4-2014, which took effect April 5, requires all self-employed professionals to execute an affidavit specifying the rates, manner of billings and the factors they consider in determining their service fees upon registration with the Bureau of Internal Revenue every year.

They are likewise obligated to register their books of account and official appointment books, sales invoices and official receipts.

RR 4-2014 was issued amid a government drive to increase compliance among self-employed professionals, who have been characterized as mostly not paying the right taxes.


source:  Businessworld

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