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The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 89-2026 on 10 August 2026, extending the deadlines for the filing of tax returns, payment of taxes, and submission of required documents for taxpayers within the jurisdiction of Revenue District Offices (RDOs) affected by the continuing heavy rainfall caused by the southwest monsoon.
Every management team knows the scene. A crisp strategy, walk the board through disciplined forecasts, and land on a valuation built from rigorous cash-flow projections discounted at the weighted average cost of capital (WACC).
The Philippines now finds itself embarking on a similar journey in the world of international taxation.
Digitalization. Artificial intelligence. Economic uncertainty. Geopolitical shifts. These themes have dominated recent headlines, with both local and global forces continuing to reshape the Philippine economy and business environment.
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