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
It’s a brand-new year, and it’s time to turn the page to a fresh list of New Year resolutions. Just like some people, I too have created my own set of goals. One of my priorities this year is to give back to my Firm, P&A Grant Thornton, by mentoring more staff members in-person. I believe that meeting them face-to-face creates an environment where people feel valued. Additionally, I would also like to remain active in my professional and business organisations, as I see this as an opportunity to make a positive impact not just on my mentees but also on my Firm.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 003-2026 on January 12, 2026, adding new Personal Equity Retirement Account (PERA) investment products to its accredited list. This update supplements earlier issuances—RMC Nos. 131-2016 and 30-2017—and aims to provide more options for Filipinos saving for retirement.
“Those who fail to prepare, prepare to fail.” This principle has never been more relevant in today’s rapidly evolving tax and regulatory landscape. Businesses that fail to adapt to new compliance requirements are not spared from the consequences. With the government tightening compliance rules, failing to prepare can result in the loss of tax incentives that businesses might otherwise be entitled to enjoy. In taxation, entitlement without compliance is no entitlement at all.
The Bureau of Internal Revenue (BIR) released Revenue Regulation (RR) 29-2025 on December 22, 2025, introducing amendments to the maximum amount of De Minimis benefits which are exempt from both income tax on compensation as well as fringe benefit tax.
In an increasingly complex and competitive workplace, organisations are recognising that their most sustainable source of value lies not in technology or systems alone, but in their people. Human capital—the collective knowledge, skills, experiences, and values of the workforce—has evolved from a functional resource into a strategic asset that directly shapes organisational performance, adaptability, and long-term resilience.
As we stand on the brink of Industry 5.0, a new era where advanced technologies and human ingenuity converge, we must ask ourselves: Are we truly equipped with the right skills to navigate this next industrial revolution? While some may feel prepared, how about our employees who are the backbones of our businesses? Is investing in human capital worth every centavo to adopt Industry 5.0? How can we ensure that the integration of cutting-edge technologies enhances rather than diminishes the role of human workers? These questions are crucial as we explore the transformative potential of Industry 5.0 and the imperative to invest in our people.
National Internal Revenue Code of 1997 5th Edition
Have you ever heard a rule so often in school that it simply stayed with you? During my college days, there was one phrase that came up repeatedly throughout my accounting classes: “Do not assume, unless otherwise stated.”
