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.
The Audit Reset: How the BIR Is Changing the Way It Conducts Tax Audits
After months of uncertainty, the Bureau of Internal Revenue (BIR) has formally reopened the doors to tax audits, but not without promising that the system taxpayers return to will be markedly different from the one that was put on hold. Through Revenue Memorandum Circular (RMC) No. 008-2026 and Revenue Memorandum
Tis the Season to Save: A Tax Advisory on the Amended ‘De Minimis’ Benefits Ceiling
Season’s greetings from the Tax Department! As we wrap up the year, we bring you a gift of good news that could boost your year-end tax planning—an update on the “De Minimis” Benefits provisions! The latest amendment to Revenue Regulations (RR) No. 2-98, as amended, increases the ceiling for non-taxable
BIR Implements Temporary Suspension of its Enforcement Activities
In light of recent public sentiment about numerous complaints from taxpayers about irregularities and inconsistencies within the Bureau of Internal Revenue (BIR), the agency has issued Revenue Memorandum Circular (RMC) No. 107-2025 to address growing concerns regarding the integrity and transparency of its enforcement activities. The circular implements the temporary
Things You Need to Know: PEZA issues M.C. 2025-052 to clarify VAT Zero-Rating for Goods & Services
Philippine Economic Zone Authority Memorandum Circular No. 2025-052 turns the CREATE MORE Act’s broad VAT promises into a working playbook: it defines what counts as “directly attributable” to a registered project or activity and, therefore, qualifies for VAT exemption on importation and VAT zero-rating on local purchases for PEZA-registered export
Choosing between CBA and CAS: Which system fits your business?
As more businesses in the Philippines move toward digital recordkeeping, one common question arises: Should you register your system with the Bureau of Internal Revenue (BIR) as a Computerized Books of Accounts (CBA) or as a Computerized Accounting System (CAS)?
Gearing Towards a BETter Philippines: Where Your Investments Flourish
Philippine’s Potential Towards Investments Thanks to its strong economic growth and favourable business environment, investing in the Philippines can lead to lucrative opportunities. With a growing population and a robust legal framework, the country offers a promising destination for foreign investors. This blog will explore the potential of investing in
