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National Internal Revenue Code of 1997 5th Edition
The most enduring change often happens quietly: through what we repeatedly see, who consistently advocates, and what organisations choose to institutionalise.
Amidst a dynamic landscape, the Philippines has implemented several laws to invigorate economic growth.
The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 3 2026 to implement Executive Order (EO) No. 114, series of 2026, which shall temporarily suspend the imposition of excise taxes on specific petroleum products pursuant to Section 148 of the Tax Code, as amended.
Naturally, where income flows, taxes follow. As the industry continues to thrive, understanding how income earned by each participant in this ecosystem is taxed under Philippine law becomes essential, not only for regulatory compliance but also for fostering the industry’s long term sustainability.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 30‑2026 on 14 April 2026, extending the deadline for the filing of the 2025 Annual Income Tax Returns (AITRs), the payment of the corresponding income taxes due thereon, and the submission of required attachments from 15 April 2026 to 15 May 2026.
In credit risk, adverse selection is usually discussed in the context of underwriting.
With an international conflict thousands of miles away turn into an on-the-ground daily battle of survival, the Philippine Congress passed Republic Act No. 12316 aimed at providing responsive actions to the ongoing energy crisis.
War in the Middle East has disrupted oil supply routes, driven crude prices past psychological thresholds, and once again exposed how vulnerable an import dependent- country can be when geopolitics intrudes into daily life.
