Articles
The UHY ML Aguirre blog offers insights, updates, and expert advice on accounting, tax, audit, and business consulting. As part of the global UHY network, we provide tailored solutions to help businesses thrive in a dynamic world. Stay tuned for valuable content designed to support your business growth and success.
E-Invoicing in the Philippines: What Every Business Should Know Before the December 2026 Deadline
Written by Ali Hamza
What Exactly Is E-Invoicing? In simple terms: instead of handing a customer a printed or PDF invoice and calling it done, the BIR wants invoice data submitted directly to its systems — structured, machine-readable, and automatically validated. Two Terms, Not One Electronic Invoicing — issuing the invoice itself in a structured, digitally signed format (JSON) […]
Read More >>August 17, 2026
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Simplifying the Accreditation of Donee Institutions
Written by Rhea T. Pelayo, CPA
Donations help social welfare groups provide food, shelter, education, health assistance, disaster relief, and other services to people in need. Article II, Section 23 of the 1987 Philippine Constitution supports this by encouraging non-governmental and community-based organizations that promote national welfare. The law encourages giving through tax incentives. Under Section 34(H) of the National Internal […]
Read More >>August 12, 2026
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When Related Party Transactions Trigger Disallowed Deductions
Written by Rhea Pelayo, CPA
Transactions between related parties are a common feature of business operations. Companies often engage in dealings with shareholders, subsidiaries, affiliates, or other entities under common ownership for legitimate commercial purposes such as financing arrangements, operational support, or asset transfers within a corporate group. While these transactions may be valid from a business standpoint, they can […]
Read More >>August 5, 2026
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QDMTT Explained: What the Global Minimum Tax Means for the Philippines and Foreign Investors
Written by Rhea Pelayo, CPA
For many years, countries have attracted foreign investors by offering tax incentives such as income tax holidays, reduced tax rates, enhanced deductions, and other fiscal benefits. The Philippines has also used these incentives to encourage investment in manufacturing, business process outsourcing, export services, logistics, renewable energy, and other priority sectors. However, the global tax environment […]
Read More >>July 29, 2026
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Withheld for Good: Understanding Final Withholding Tax
The Final Withholding Tax (FWT) is an essential feature of the Philippine income tax framework under the National Internal Revenue Code of 1997 (NIRC) in Sections 57, 58, and 59, as amended and its implementing regulations are found in Revenue Regulations (RR) No. 11-2018, and RR 02-2020. It functions as a tax collection system at […]
Read More >>July 24, 2026
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