News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
Understanding VAT on Digital Services
In the Philippines, VAT on digital services is governed by the National Internal Revenue Code (NIRC), as well as specific guidelines issued by the Bureau of Internal Revenue (BIR). The
Facing a BIR LOA? Here’s What You Need to Know
The BIR Letter of Authority authorizes or empowers a designated Revenue Officer to examine, verify and scrutinize a taxpayer’s books and records in relation to his internal revenue tax liabilities
Clarification on Tax Provisions for Real Estate Transactions
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 031-2025 to provide clear guidelines on the applicable taxes for the sale of real property classified as
BIR Increases Clothing Allowance and Clarifies Achievement Awards
The Bureau of Internal Revenue (BIR) has announced an increase in the annual clothing allowance from P6,000 to P7,000 per annum, effective immediately. Additionally, the BIR has issued guidelines regarding
RA 11967 Internet Transactions Act of 2023
Policies, Guidelines and Requirements for Mandatory Registration of person engaged in Business, in pursuant of Section 236(A) of the Tax Code and Republic Act No. 11967, otherwise known as the
BIR Implements Reduced Interest and Penalty Rates for Micro and Small Taxpayers
The Bureau of Internal Revenue (BIR) has announced significant changes in its revenue regulations affecting micro and small taxpayers, as outlined in Revenue Regulations No. 6-2024. These changes are aimed