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The Philippines has long relied on economic zones as engines of investment, employment, exports, and regional development.
Taxation is one of the inherent powers of the State. The famous dictum of the US Supreme Court Chief Justice John Marshall in McCulloch v. Maryland that “the power to tax involves the power to destroy” has long illustrated the breadth of the taxing power of the State. Taxes are the lifeblood of the government and, therefore, should be collected without unnecessary hindrance. However, if exercised arbitrarily, the power to tax can become oppressive.
The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 4-2026 to prescribe the guidelines and procedures for the availment of a one-time abatement of taxes and penalties for eligible micro taxpayers.
Fraud rarely announces itself. It hides in bank reconciliations that are approved without proper review, in routine approvals signed by managers who are stretched too thin, and in the comforting belief that "our people would never do that."
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