Small Business at Buwis: Ang Katotohanan Tungkol sa Tax Compliance
Sa iba’t ibang lugar at pamilihan, hindi na bago ang pamilyar na galaw ng maliliit na negosyo. May maliit na sari-sari store sa harap ng bahay, karinderya sa kanto, ukay-ukay na itinitinda sa live stream sa social media, at pati na rin ang habal-habal na bumibiyahe sa mga rutang hindi naabot ng regular na transportasyon. […]
8% & Graduated Tax: What Can Save You More?
For many Filipinos working independently today, understanding taxes is as challenging as finding clients. From freelance designers and online sellers to consultants and professionals, a growing segment of the workforce now operates outside traditional employment. With that independence comes a responsibility many are still learning to navigate: choosing how to be taxed. Under Philippine tax […]
Double Taxation 101: How Tax Treaties Protect Your Global Income
In today’s globalized economy, individuals and businesses frequently earn income across national borders. While this creates opportunities for growth and expansion, it also introduces the challenge of double taxation. This occurs when the same income is taxed by two different countries, placing an extra financial burden on taxpayers. For professionals involved in international finance or […]
The BIR’s Ease of Closing Business in the Philippines
Revenue Memorandum Circular (RMC) No. 47-2026 was issued by the Bureau of Internal Revenue (BIR) to simplify and ease the process for closing a business or cancelling a taxpayer’s business registration with the BIR. It applies to businesses that have permanently stopped operations or have otherwise become subject to closure or cancellation of registration. This […]
Understanding BIR’s New Cost-to-Collect Threshold under RMO 11-2026
The Bureau of Internal Revenue (BIR) has increased the cost to collect threshold for Accounts Receivable and Delinquent Accounts (AR/DA) from ₱20,000 to ₱80,000 under Revenue Memorandum Order (RMO) No. 011-2026, issued on May 12, 2026. The order takes effect immediately and applies to all internal revenue officers and concerned personnel involved in collection enforcement. […]
A Risk You Need to Know: Why DST Deserves Attention
Documentary Stamp Tax (DST) is one of the most frequently overlooked areas in Philippine tax compliance. While often treated as a mere mechanical tax on documents, DST in reality attaches to transactions, privileges, and instruments that evidence the transfer of rights or the creation of obligations. Because of this, DST exposure often arises unintentionally in […]
Save Time with BIR e-Filings for Micro & Small Taxpayers
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 37-2026, dated April 27, 2026, amending RMC No. 20-2026. This update introduces the electronic filing of BIR Form No. 1701-MS (Annual Income Tax Return for Individuals Classified as Micro and Small Taxpayers) through the Offline eBIRForms Package version 7.9.6. This development is […]
“Mekeni, Tuki Ka”: What You Need to Know from Toastmasters Philippines DisCon 2026
Imagine this: two people are chatting, then suddenly, one pulls out his phone—not to reply to a message or take a call, but to ask ChatGPT something that only requires basic human connection or social intuition. It’s not rocket science, just simple, everyday question. It was in this frame of mind that I chose to […]
What You Need To Know About The BIR Registration Seal Badge
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 38-2026, introducing new compliance requirements for businesses with an online presence. This advisory outlines the key provisions and implications for taxpayers engaged in e-commerce, digital services, and online content creation. Key Highlights of RMC No. 38-2026 Mandatory Posting of Proof of Registration […]
Taimur Haider, ACCA
Audit Manager
