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 benefits. Whether you’re an employer […]
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 suspension of all audit and […]
PEZA M.C. 2025-051 adopts standardized CETI format
