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The Philippine mining industry has undergone a tax overhaul, and it is far more than a surface-level polish
Just as in the case of Subic Bay Freeport Chamber of Commerce, Inc. vs. Department of Finance, etc. (Subic Bay Freeport Case), the entitlement of Registered Business Enterprises (RBEs), specifically Domestic Market Enterprises (DMEs), to VAT-zero rating for local purchases has been revisited by the Supreme Court to provide clarity in the application of the law.
In the realm of taxation, the power to tax is often described as “the power to destroy” and should therefore be exercised with caution.
Tax laws provide not only the rules on how taxes are assessed and collected, but also the limits within which the government may enforce its right to collect.
Can a taxpayer deduct business expenses related to passive income? Under the BIR’s latest issuance, taxpayers need to identify and segregate their expenses more carefully.
The insurance industry is a vital pillar of the Philippine economy, serving both as a financial safety net and a catalyst for long-term economic growth.
Over a year since the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circulars (RMC) Nos. 05-2024 and 38-2024, taxpayers continue to navigate the complexities that these twin issuances introduced in the taxation of cross-border services.
Last July 1, 2025, the Capital Markets Efficiency Promotion Act (CMEPA), or Republic Act No. 12214, took effect.
