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 ...

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 new BIR Notice, “Notice to Issue Receipt/Invoice” (NIRI) which replaces the display of Ask for Receipt Notice by the BIR to be displayed in an ...

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.

In its recently issued Revenue Regulation (RR) No. 1-2024, the Bureau of Internal Revenue (BIR) increased the selling price threshold for VAT exemption purposes of the sale of house and lot, and other ...

Philippine taxation has undergone significant changes with the enactment of several tax reforms in 2024. These reforms include the Ease of Paying Taxes Act (R.A. No. 11976), the Real Property ...

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 ...

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 ...

These guidelines are hereby issued pursuant to Article 5 of the Labor Code of the Philippines, as renumbered, and Presidential Decree No. 851, requiring employers in the private sector to pay their ...

In our earlier article, “Removal of the 5-Year Validity of Receipts and Invoices,” I explained that the Philippine tax system is mostly driven by supporting documents and that the deductibility of ...

With the passage of the Ease of Paying Taxes Act, taxpayers can now enjoy the “file and pay anywhere” scheme, wherein the filing and payment of internal revenue taxes can now be made to any revenue ...

When there is a BIR-issued Advisory on the unavailability of the electronic platforms; When there is justifiable reason as may be determined by the Commissioner of Internal Revenue (CIR) or his ...