Sense & Taxability
Sense & Taxability is the official knowledge publication of UHY M.L. Aguirre & Co., CPAs, dedicated to making Philippine taxation, accounting, auditing, and regulatory compliance more understandable and practical for businesses, professionals, and taxpayers.
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Latest Commentaries & Articles
Simplifying the Accreditation of Donee Institutions
Donations help social welfare groups provide food, shelter, education, health assistance, disaster relief, and other services to people in need. Article II, Section 23 of the 1987 Philippine Constitution supports this by encouraging non-governmental and community-based organizations that promote national welfare. The law encourages giving through tax incentives. Under Section
When Related Party Transactions Trigger Disallowed Deductions
Transactions between related parties are a common feature of business operations. Companies often engage in dealings with shareholders, subsidiaries, affiliates, or other entities under common ownership for legitimate commercial purposes such as financing arrangements, operational support, or asset transfers within a corporate group. While these transactions may be valid from
QDMTT Explained: What the Global Minimum Tax Means for the Philippines and Foreign Investors
For many years, countries have attracted foreign investors by offering tax incentives such as income tax holidays, reduced tax rates, enhanced deductions, and other fiscal benefits. The Philippines has also used these incentives to encourage investment in manufacturing, business process outsourcing, export services, logistics, renewable energy, and other priority sectors.
