Filter insights by:
Stay ahead and check tax and other reportorial deadlines with our comprehensive digital calendar! Gain quick access to key filing dates and deadlines in one convenient platform—helping you stay organised, compliant, and confident throughout the year.
National Internal Revenue Code of 1997 5th Edition
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.
Last 16 January 2025, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 5-2025 amending certain provisions of RMC Nos. 11-2024 (Leases), 12-2024 (Foreign Currency Transactions), 13-2024 (Retirement Benefit Expenses), and 19-2024 (Interest) to align with the provisions of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act” (EOPT Act), and its implementing rules and regulations. Below is a summary of the amendments to the foregoing circulars.
The rampant development of digitalization and globalization in the 21st century brought with it several challenges to the rules for taxing international business income, which gave rise to base erosion and profit shifting (“BEPS”), where multinational entities (“MNEs”) shift profits to locations with minimal or no tax to pay a reduced amount of global taxes.
Workplaces around the globe are on the brink of monumental change. With the emergence of industry-changing innovations, increased prioritization of wellness and sustainability, and the continued preference of employees towards flexible work setups, the business landscape continues to evolve.
The Bureau of Internal Revenue (BIR) has issued tax regulations under Revenue Regulations (RR) No. 02-2025 to implement provisions of Republic Act No. 9267, “The Securitization Act of 2004.” The regulations provide tax exemptions for asset transfers and the issuance of asset-backed securities, with a focus on the housing sector.
With the Bureau of Internal Revenue’s (BIR) incremental improvements to the Philippine tax landscape, primarily through the implementation of Republic Act No. 11976, or the Ease of Paying Taxes (EOPT) Act which brought significant amendments to the National Internal Revenue Code, we’re on the right track. However, we must not become complacent.
