It is often said that the only constant in life is change. Last week, the Bureau of Internal Revenue (BIR) witnessed a significant leadership transition with the appointment of Commissioner Charlito Martin Mendoza, succeeding Romeo Lumagui Jr.
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A Leadership Change at the BIR: What’s Next?
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Ghosts in Philippine Taxation: Revisiting RMC No. 81-2025
In the Philippines, the concept of ghosts or “multo” in Filipino, is more than just a supernatural phenomenon that haunts Filipinos’ imagination. It can also be a metaphor for an enduring symbol of unresolved issues or unanswered questions.
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Bridging gaps in related-party transactions: The role of transfer pricing adjustments
As businesses engage in cross-border transactions with related parties, transfer pricing adjustments become essential to ensure compliance with the arm’s length principle. These adjustments help align intercompany pricing with market standards, reducing the risk of tax disputes, penalties, and double taxation.
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PEZA’s PTOPS: A New Era of Digital Governance for Ecozone Enterprises
Transacting with the Philippine Economic Zone Authority (PEZA) for over two years, I have found its processes consistently convenient and efficient.
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Beyond the Surface: Reshaping the Tax Landscape of the Mining Industry
The Philippine mining industry has undergone a tax overhaul, and it is far more than a surface-level polish
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Back to Zero: Domestic Market Enterprises regain their entitlement to VAT zero-rating on local purchases of goods
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.