History has been made as a new champion emerges at the 27th Search for Outstanding Accounting Students of the Philippines (SOASP).
The closure of business and cancellation of tax registration with the Bureau of Internal Revenue (BIR) has historically been one of the most complex and compliance-heavy aspects of doing business in the Philippines.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 59-2026 on 2 June 2026 to provide further clarity on the implementation of the Value-Added Tax (VAT) on digital services under RR No. 3-2025.
Keeping up with the tax regulations is already challenging, and the inclusion of digital services adds further complexity. Recent guidance from the Bureau of Internal Revenue (BIR), however, provides welcome clarity.
Today, personal information is generated from almost everything we do—from the apps we use and platforms we engage with, to the transactions we make and information we share online; it fuels insights, and shapes business decisions.
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