Ready or not: Philippines’ shift to e invoicing and electronic sales reporting
Let's Talk TaxEvery sales transaction tells a story and soon, the Bureau of Internal Revenue (BIR) will hear it almost instantly.
All eyes on JMC No. 1: The definitive RBELT mandate
Let's Talk TaxAmidst a dynamic landscape, the Philippines has implemented several laws to invigorate economic growth.
Taxation of the blooming Philippine entertainment industry
Let's Talk TaxNaturally, where income flows, taxes follow. As the industry continues to thrive, understanding how income earned by each participant in this ecosystem is taxed under Philippine law becomes essential, not only for regulatory compliance but also for fostering the industry’s long term sustainability.
Balancing the Sheet: Fiscal adequacy in quandary on excise tax
Let's Talk TaxWith an international conflict thousands of miles away turn into an on-the-ground daily battle of survival, the Philippine Congress passed Republic Act No. 12316 aimed at providing responsive actions to the ongoing energy crisis.
Beyond buildings: Inside the SEC’s REIT rule reforms
Let's Talk TaxThe Philippine Real Estate Investment Trust (REIT) market welcomed 2026 with a new stage of development with the issuance of Securities and Exchange Commission (SEC) Memorandum Circular No. 1, Series of 2026, amending the Implementing Rules and Regulations (IRR) of the REIT Act of 2009, or RA 9856.
Rebalancing the rules: The BIR’s updated approach to cross-border services
Let's Talk TaxOn March 30, 2026, the Bureau of Internal Revenue (BIR) seems to have taken a step back with the issuance of RMC No. 24-2026, which appears to have tempered the reach of RMC No. 5 2024.