History has been made as a new champion emerges at the 27th Search for Outstanding Accounting Students of the Philippines (SOASP).
The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 3 2026 to implement Executive Order (EO) No. 114, series of 2026, which shall temporarily suspend the imposition of excise taxes on specific petroleum products pursuant to Section 148 of the Tax Code, as amended.
Naturally, where income flows, taxes follow. As the industry continues to thrive, understanding how income earned by each participant in this ecosystem is taxed under Philippine law becomes essential, not only for regulatory compliance but also for fostering the industry’s long term sustainability.
In credit risk, adverse selection is usually discussed in the context of underwriting.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 30‑2026 on 14 April 2026, extending the deadline for the filing of the 2025 Annual Income Tax Returns (AITRs), the payment of the corresponding income taxes due thereon, and the submission of required attachments from 15 April 2026 to 15 May 2026.
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