Who can audit you? Understanding the Importance of a Letter of Authority
Let's Talk Tax Who can audit you? Understanding the Importance of a Letter of Authority
In the realm of taxation, the power to tax is often described as “the power to destroy” and should therefore be exercised with caution.
5 min read |
When Time No Longer Heals: Waiving the Statute of Limitations on Tax Prescription
Let's Talk Tax When Time No Longer Heals: Waiving the Statute of Limitations on Tax Prescription
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.
8 min read |
Drawing the Line: BIR clarifies what business expenses are tax-deductible
Let's Talk Tax Drawing the Line: BIR clarifies what business expenses are tax-deductible
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.
8 min read |
Navigating Tax Ambiguity: How Philippine Life Insurers Are Adapting to Outdated Tax Rules
Let's Talk Tax Navigating Tax Ambiguity: How Philippine Life Insurers Are Adapting to Outdated Tax Rules
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.
7 min read |
Traversing the taxation of cross border services
Let's Talk Tax Traversing the taxation of cross border services
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.
9 min read |
CMEPA: From Law to Implementation
Let's Talk Tax CMEPA: From Law to Implementation
Last July 1, 2025, the Capital Markets Efficiency Promotion Act (CMEPA), or Republic Act No. 12214, took effect.
7 min read |