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.
RMC 33-2026: Clarifications on Estate Tax Amnesty Compliance
Written by Sherina D. Garcia, CPA
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 033-2026[1] to provide clarificatory guidelines on the filing and payment of estate tax under the Estate Tax Amnesty program. The Circular addresses several practical concerns encountered by taxpayers, heirs, executors, administrators, and practitioners in relation to the availment of estate tax amnesty and […]
Read More >>September 18, 2026
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Understanding Real Property Tax in the Philippines
Written by Sherina D. Garcia, CPA
Real Property Tax (“RPT”) is a local tax imposed on land, buildings, and other real properties located in the Philippines. For many businesses, RPT is a regular expense that is often overlooked until assessment notices, penalties, or disputes arise. Companies that own offices, warehouses, factories, commercial spaces, or machinery should therefore understand their RPT obligations […]
Read More >>September 18, 2026
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Taxing the Instrument: How Documentary Stamp Tax Is Computed and Who Pays It
Written by Sherina D. Garcia, CPA
After identifying transactions that may trigger Documentary Stamp Tax (DST), the next critical step is understanding how DST is computed and which party is legally liable to pay it. In practice, many taxpayers recognize that a transaction is subject to DST but still incur deficiencies due to incorrect tax base selection, misapplication of rates, failure […]
Read More >>September 11, 2026
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CTA Decision Sheds Light on Key Pitfalls in VAT Refund Claims
Written by Rhea T. Pelayo, CPA
Recent developments in tax jurisprudence highlight important considerations for taxpayers seeking refunds or tax credits of excess and unutilized input VAT attributable to zero-rated sales. These developments are consistent with established jurisprudence recognizing the evidentiary and procedural requirements governing VAT refund claims, including Atlas Consolidated Mining and Development Corporation v. Commissioner of Internal Revenue (G.R. […]
Read More >>September 9, 2026
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Where Should You Pay? Navigating the Proper Situs of Local Business Taxes
Written by Sherina D. Garcia
For businesses operating across multiple locations in the Philippines, one of the most frequently misunderstood, and often contested, issue in local taxation is the proper situs of local business taxes (LBT). While national taxes are generally governed by uniform rules, LBT is imposed and administered by local government units (LGUs), each with its own tax […]
Read More >>September 3, 2026
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