News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
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
October 2023 Tax Calendar
Filing your taxes accurately and on time can help you avoid penalties and ensure you receive any eligible refunds. To make sure you don’t miss out on your deadlines, here’s
September 2023 Tax Calendar
Filing your taxes early can mean good compliance for your business and less deadline stress to deal with. That’s why this August, let’s skip our usual habit of procrastination by
