Charity with Clarity: What the BIR’s New Circular Means for Cash Donations
When people think of taxes, they rarely think of charity. Donations are often seen as acts of goodwill that exist outside the formal machinery of government revenue. Yet in practice, charitable giving and tax administration are closely intertwined. The recent issuance of Revenue Memorandum Circular (RMC) No. 010-2026 by the Bureau of Internal Revenue underscores […]
