A Step Toward Digital Tax Compliance in the Philippines The Bureau of Internal Revenue (BIR) recently launched an online system that allows nonresident digital service providers (NRDSPs) to register, update…
Ghost Receipts Under Fire: BIR Charges 23 Firms Over ₱1.41B in Tax Deficiencies What It Means for Businesses in the Philippines The Bureau of Internal Revenue (BIR) has filed criminal…
SC Clarifies: GIS Alone Doesn’t Prove Stock Ownership In a significant reversal, the Supreme Court ruled that being listed in a corporation’s General Information Sheet (GIS) is not enough to…
DOF Clarifies: CMEPA Does Not Tax Your Full Bank Savings Many Filipinos were alarmed by social media posts claiming that all bank savings are now taxed 20% due to the…
In a recent advisory, the Securities and Exchange Commission (SEC) has warned the public of a growing trend in fraudulent investment schemes using artificial intelligence. The Commission disclosed that scammers…
Can Seniors and PWDs Get Discounts on Top of Promos? The long-standing debate between establishments and customers over the proper application of senior citizen and PWD discounts may soon end. …
Gatchalian Pushes for Higher Tax Exemption for Filipino Workers Good news for Filipino employees! Senator Sherwin Gatchalian is proposing a bill that could help workers take home more of their…
Senators Push for Broader Tax Exemptions to Support Workers and MSMEs Senators are proposing a series of tax reforms aimed at boosting the income of Filipino workers and supporting micro,…
BIR Now Requires VAT Compliance from Non-Resident Digital Service Providers The Bureau of Internal Revenue (BIR) has officially rolled out the 12% VAT requirement for non-resident digital service providers (DSPs)…
Many lending and financing businesses in the Philippines may face stricter enforcement moving forward. The Securities and Exchange Commission (SEC) has canceled the corporate registrations and licenses of 56 lending…