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National Internal Revenue Code of 1997 5th Edition
One of the greatest threats to any organization is one that comes from within: corporate fraud and misconduct. Often, organizations are more concerned about the external threats they face such as market competition or economic downturns.
It is true that certain things in this life are unavoidable, regardless of status. Benjamin Franklin once said that “In this world, nothing is certain except death and taxes.” That means, you still can’t escape paying taxes until you die.
The Bureau of Internal Revenue issued Revenue Regulation (RR) No. 4-2025, which introduced amendments to the current list of de minimis benefits enumerated in RR No. 2-98, as amended by RR No. 11-2018.
This shift has led to a surge in consumer spending and decision-making, making this celebration a prime opportunity for businesses to maximize sales and brand engagement. So, how can businesses make the most of this season of love?
February is often associated with love and friendship, because it is during this month that people celebrate Valentine’s Day. However, to some who are in a dating relationship, it is now common to hear the term “ghosting”. In normal parlance, ghosting means the act of suddenly cutting off ties without explanation due to fear of confrontation. But for taxpayers, ghosting the BIR is a taxpayer’s regret, especially in tax audits.
The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 03-2025 to set the implementing rules and regulations (IRR) for Republic Act (RA) No. 12023, otherwise known as value added tax (VAT) on digital services.
In my view, one essential relationship goal is achieving financial stability together. Whether you're still dating or already married, managing finances wisely can provide a strong foundation for a couple’s future—and for the family they may one day build
Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending certain De Minimis benefits. It increased the uniform and clothing allowance to Php 7,000, which was formerly Php 6,000 under RR No. 11-2018 (RR No. 11-18); and included cash and gift certificates as a form of employee achievement awards.