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.
Transfer Pricing in the Philippines: A Practical Overview
Written by Rhea T. Pelayo, CPA
Companies do not always transact only with independent third parties. In many cases, businesses enter into transactions with related companies within the same group. These may include the sale or purchase of goods, provision of services, intercompany loans, royalties, management fees, leases, cost reimbursements, guarantees, and other arrangements. While related-party transactions are common and, in […]
Read More >>November 5, 2026
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Import VAT: BOC vs. BIR Standpoint
Written by Sherina D. Garcia, CPA
Businesses engaged in the importation of goods into the Philippines are often familiar with the Value-Added Tax (VAT) paid to the Bureau of Customs (BOC) upon importation. However, many taxpayers are unaware that import VAT is viewed differently by the BOC and the Bureau of Internal Revenue (BIR). While the BOC focuses on the collection […]
Read More >>October 30, 2026
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Powering Relief – The New Line Item: Staying Invoice-Ready under RR No. 6-2026
Written by Kyle Clarence L. Williams, CPA, CTT, MICB, RCA, CAT
A New Line on the Invoice: BIR Expands Mandatory Invoicing Information The Bureau of Internal Revenue (“BIR”) has issued Revenue Regulations (“RR”) No. 6-2026, further strengthening the invoicing requirements introduced under the Ease of Paying Taxes (“EOPT”) Act and implemented through RR No. 7-2024, as amended by RR 11-2024. RR No. 6-2026 specifically amends Section […]
Read More >>October 21, 2026
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Powering Relief: Examining the Proposed Removal of VAT on Electricity System Loss Charges
Written by Kyle Clarence L. Williams, CPA, CTT, MICB, RCA, CAT
To help ease the burden of rising electricity costs, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 97-2026, clarifying the removal of Value-Added Tax (VAT) on electricity system loss charges. It is important to note that the update does not remove the system loss charge itself from electricity bills. Instead, the […]
Read More >>October 9, 2026
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Navigating Cross-Border Dividend Taxation
Written by Rhea T. Pelayo, CPA
The tax sparing rule is a provision commonly found in double taxation agreements (DTAs) that allows a taxpayer to claim a foreign tax credit for taxes that are theoretically “spared” or exempted in a foreign country. It typically applies to taxes that would have been levied on a taxpayer if not for the tax incentives […]
Read More >>October 7, 2026
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