Section 235 limits BIR income tax exams to once a year, with five exceptions. See the 2026 one-eLA rule and what to do if you ...
The Philippines has updated its rules on foreign ownership through Executive Order No. 113, which adopts the 13th Regular Foreign Investment Negative List (RFINL). For local businesses, foreign ...
Executive SummaryA BIR tax audit can move faster and more smoothly when your records are complete, organized, and easy to explain. Under the BIR’s current audit framework, taxpayers may be asked to ...
Executive SummaryCan the Bureau of Internal Revenue (BIR) audit your business for taxes from five or even ten years ago?The ...
Executive SummaryReceiving a tax audit notice from the Bureau of Internal Revenue (BIR) can be stressful for business owners.
A VAT refund claim can be won or lost before the Court of Tax Appeals ever reaches the substance of the taxpayer’s entitlement. For many businesses, especially exporters, power companies, zero-rated ...
Executive SummaryWhen the Bureau of Internal Revenue (BIR) conducts a tax audit, business owners may be required to present ...
If a link stops working, open the PRC announcement and use the links there. To see your own score, use the PRC's online Verification of Rating service (PRC FAQs). Topnotcher and top schools The first ...
Calling someone a “freelancer,” “consultant,” or “service provider” does not automatically make that person an independent contractor. Under Philippine law, worker classification depends on the actual ...
For calendar-year taxpayers filing 2025 annual income tax returns in 2026, the ordinary statutory deadline is April 15. However, as of the current 2026 filing season, the BIR issued Revenue Memorandum ...