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The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 65-2025 to provide clear guidance on the types of Books of Accounts that may be registered by new business taxpayers during the registration process.

Adding to the wealth of jurisprudence in interpreting the two-year prescriptive period, the Supreme Court (or the “Court”) revisited the interpretation of the two-year prescriptive period for tax refund claims under Section 229 of the National Internal Revenue Code, as amended (or “Tax Code”) in its decision in G.R. No. 271261.

A quarterly publication of P&A Grant Thornton Solutions, Inc. that aims to keep the company's clientele, as well as the general public, informed of various developments in outsourcing, compensation, and other related matters.

The Bureau of Internal Revenue (BIR) issued Revenue Regulation 13-2025 to simplify the process in availing tax incentives under the Adopt-a-School Act of 1998 (Republic Act No. 8525) last 31 March 2025.

As we live in a world where constant disruption and growing demands for accountability, Internal Audit (IA) plays a vital role in helping organizations become resilient and continuously evolving with the trends.

If tax reform had a streaming platform, the BIR’s 2025 lineup would definitely be trending! With teaser announcements as full-fledged issuances, along with cliffhangers on the horizon and additional “episodes” hinted at in the pipeline, it has been a season worth following—especially for businesses and taxpayers trying to stay ahead of the plot.

This report is Punongbayan & Araullo’s first sustainability report. It highlights our sustainability commitments, initiatives and achievements for fiscal year (FY) 2024, covering the period 01 July 2023 to 30 June 2024 (unless otherwise indicated).

Diversity in businesses has come a long way. More businesses have been open to being allies of diverse communities through their branding.