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
Last 27 November 2024, RA No. 12066, otherwise known as the CREATE MORE Act, took effect after its publication.
Access a comprehensive overview of important tax deadlines for the Fiscal Year. This resource is designed to help individuals and businesses stay organized and compliant with their tax obligations.
Just as Spotify wrapped up our evolving music taste for the year, let's also take a moment to look back at the ever-changing tax landscape as we review several important regulations and clarifications issued by the BIR this year, primarily focused on the implementation of the Ease of Paying Taxes (EOPT) Act."
A seasoned auditor, free-spirited, living life to the fullest, and an individual with uncontainable excitement to explore the world after two years of pandemic lockdown—that was me two and a half years ago.
Under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, certain health products, such as drugs for noncommunicable diseases, were exempted from Value Added Tax (VAT). Last December 3, 2024, an update to the list of VAT-exempt medicines was issued by the Bureau of Internal Revenue (BIR), in coordination with the Food and Drug Administration (FDA).
With the new year fast approaching, it is time that we reflect on the lessons, realizations, and hurdles we have faced. 2024 has been a year marked by resilience, sustainable growth, and transitions brought by changes and disruption.
For taxpayers and business owners, the year-end celebrations also signal the beginning of the challenging business permit renewal season.
