Convenience often comes with a cost. And for many Filipinos, that cost is becoming the target of increasing online crimes such as scams. These scams often aim to trap unsuspecting victims and eventually cause both emotional and financial distress.

Kudos to all taxpayers and their finance teams who successfully finalized and filed their income tax returns (ITRs) on time! To all accountants, you deserve hearty congratulations for a job well done. Take a much-deserved vacation break to recharge and relax.

The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) No. 12-2025, which amends Section 5 of RR No. 3-1969 by including additional provisions related to the service of warrants and notices.

Luca Pacioli, the 15th-century mathematician and Franciscan friar, is celebrated as the father of modern accounting.

The government has been tirelessly pushing to attract more investors for the Philippines to become more investment-friendly and more competitive with other ASEAN countries. To pursue this move, recent tax laws are trying to keep up with the digital world where convenience and simplicity of processes are paramount.

As the filing and payment deadline for Annual Income Tax Return (AITR) approaches, the Bureau of Internal Revenue (BIR) reminds taxpayers to comply with the updated filing and payment procedures for the AITR for calendar year 2024. These guidelines, outlined in Revenue Memorandum Circular (RMC) No. 34-2025, aim to streamline the filing process and ensure timely compliance.

In an organisation where people are the principal assets, inclusivity serves as a strategic advantage. It empowers everyone to be fully engaged and committed to the organisation’s success by fostering a culture of respect and acceptance.

CMEPA’s basic objectives are to promote a fairer and simpler passive income tax system that will encourage savings and capital investment; to increase capital mobility in an ever-globalizing world; and to incentivize investment in the trade of equity and security debts.