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The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 23-2024 to provide guidelines for implementing a risk-based approach in verifying VAT refund claims under Section 112(A) of the National Internal Revenue Code of 1997, as amended by Republic Act No. 11976 – the Ease of Paying Taxes Act.

In the first article of this three-part series, we discussed the challenges faced by overextended IT departments. However, even the most well-structured IT team cannot defend against cyber threats alone.

2024 is the year that we have seen numerous clarifications and amendments in the Philippine taxation landscape. Both the Bureau of Internal Revenue (BIR) and Philippine government are active in improving the taxation laws and streamlining existing processes to ease the burden of taxpayers.

The power of precedent is something that many business leaders often overlook, especially those who do not sweat the details and are not used to keeping receipts.

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 109-2024, clarifying the types of checks accepted in payment for One-Time Transaction (ONETT)—related internal revenue taxes, pursuant to Revenue Memorandum Order (RMO) No. 49-2018, as amended.

In today’s fast-paced digital world, cybersecurity is no longer just about protecting systems and data—it’s about safeguarding the people who interact with these systems every day. This Cybersecurity Awareness Month, it is imperative that we foster a culture of cybersecurity awareness and resilience.

There have been various changes in the VAT refund process these past few years with the conscious effort from the Bureau of Internal Revenue (BIR) to continuously simplify the requirements and procedure on VAT refund applications.

Last October 2, 2024, President Marcos signed into law Republic Act (RA) No. 12023 or the Value Added Tax (VAT) on Digital Services Law which imposes a 12% VAT on digital service providers (DSPs).