The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 96-2026 to clarify the VAT refund rules for export-oriented enterprises (EOEs) under RMC No. 37-2025. The ...

Risk assumption is a key consideration in transfer pricing because it affects the expected returns of parties to a related party transaction. In a comparability analysis, it is not enough to identify ...

This year, the Bureau of Internal Revenue (BIR) launched its DARES reform agenda, a five-point framework anchored on digital and data transformation, audit reform and accountability, revenue ...

This Tax Alert is issued to inform all concerned on the availability of BIR Form Nos. 1604-C, 1604-E, 1604-F and 0620 in the electronic filing and payment system (eFPS).

During his fifth State of the Nation Address (SONA) on 27 July 2026, President Ferdinand Marcos Jr. proposed increasing the annual personal income tax exemption threshold from ₱250,000 to ₱350,000.

With differences in financial reporting under Philippine Financial Reporting Standards (PFRS)/Philippine Accounting Standards (PAS) and tax treatment purposes under the National Internal Revenue Code ...

With the government hard-pressed for funds to finance economic recovery programs, much of the burden falls on the Bureau of Internal Revenue (BIR) to increase tax collections. It is no wonder that BIR ...

Workplaces around the globe are on the brink of monumental change. With the emergence of industry-changing innovations, increased prioritization of wellness and sustainability, and the continued ...

The Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 10, Series of 2026, providing comprehensive guidelines on the reportorial requirements, monitoring procedures, and ...

The Philippines has implemented significant various tax reforms in recent years with the goals of modernizing the tax system, attracting investments, supporting small businesses, and boosting economic ...

On 10 December 2024, the Department of Finance approved and issued the Implementing Rules and Regulations (IRR) of Republic Act No. 12001, otherwise known as the Real Property Valuation and Assessment ...

The Securities and Exchange Commission (SEC) issued SEC MC No. 8, Series of 2026, adopting the 2026 Rules of Procedure of the Securities and Exchange Commission to modernize, streamline, and clarify ...