EOPTA: Key Provisions that the Power Industry Should Know
Republic Act “(RA)” No. 11976, known as the Ease of Paying Taxes (EOPT) Act, introduces comprehensive reforms to modernize and simplify tax compliance in the Philippines. This law significantly impacts the power industry, including Generation Companies (GenCos), the National Grid Corporation of the Philippines (NGCP), Distribution Utilities (DUs), and Electric Cooperatives (ECs), which handle high […]
Tax Implications and Incentives Under the Electric Vehicle Industry Development Act (EVIDA)
What is the Electric Vehicle Industry Development Act? The Electric Vehicle Industry Development Act (EVIDA) establishes a comprehensive incentive framework to accelerate the growth of the electric vehicle (EV) industry in the Philippines. The law grants a mix of fiscal incentives—such as eligibility for investment promotion incentives, duty exemptions on EV charging infrastructure, and discounts […]
EXPORT-ORIENTED ENTERPRISES IN THE PHILIPPINES: A Post-CREATE MORE Law Framework
The CREATE MORE Law (RA 12066) modernizes the Philippine incentive framework for Export-Oriented Enterprises (EOEs) by redefining EOEs as businesses exporting at least 70% of their output and shifting incentives toward performance-based criteria. It expands VAT zero-rating on local purchases and VAT exemption on imports, allowing EOEs to continue enjoying these benefits even after Investment […]
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 Order (RMO) No. 1-2026, both […]
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
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
Investing in the Philippines can lead to lucrative opportunities, thanks to its strong economic growth and favourable business environment. With a growing population and a robust legal framework, the country offers a promising destination for foreign investors.
