Quick Answer The BIR is currently reviewing its audit procedures and the issuance of Letters of Authority (LOAs). Once audits resume, the system is expected to rely more on digital…
What Is the Estate Tax Amnesty? The estate tax amnesty allows heirs and beneficiaries to settle unpaid estate taxes at a significantly reduced cost. It removes civil penalties and interest, making it easier…
BIR Orders Immediate Suspension of Audit Operations Under RMC 107-2025 The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 107-2025, directing the immediate suspension of all audit…
BIR Sets ₱3.1 Trillion Collection Target for 2025 Under Commissioner Mendoza Quick Answer: Yes, the BIR aims to collect at least ₱3.1 trillion in 2025, with Commissioner Charlito Mendoza directing all…
PICPA Strengthens Anti-Corruption Efforts Amid Flood Control Controversy Quick Answer: Yes, PICPA is actively coordinating with the government to address alleged anomalies involving fraudulent financial statements in flood control projects. This…
Charlito Martin Mendoza is the New BIR Commissioner: What Taxpayers Should Know Quick Answer: This appointment may influence upcoming BIR policies, enforcement, and compliance priorities for businesses and taxpayers. President…
Reducing VAT from 12% to 10% may seem appealing, but the DOF warns it could significantly weaken government revenues, fiscal stability, and fairness. According to the Department of Finance (DOF),…
BIR Requirements for CAS and CBA Compliance in 2025: What You Must Know If your business in the Philippines uses accounting software or maintains books digitally, you must register with…
DOF Weighs Tax Amnesty Plan: What Taxpayers and Businesses Need to Know The Department of Finance (DOF) is exploring a general tax amnesty program that could cover unpaid internal revenue…
BIR Tightens Registration Rules: What Taxpayers and Businesses Need to Know The Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular (RMC) No. 74-2025, updating the Checklist of Documentary…