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
Navigating Cross-Border Dividend Taxation
The tax sparing rule is a provision commonly found in double taxation agreements (DTAs) that allows a taxpayer to claim a foreign tax credit for taxes that are theoretically “spared” or exempted in a foreign country. It typically applies to taxes that would have been levied on a taxpayer if
From Benchmarking to Action: Lessons from the UHY Managing Partners Forum 2026 in Split
By Michael Aguirre, CPA, MBA, MST — Managing Partner, UHY M.L. Aguirre & Co., CPAs This year’s UHY Managing Partners Forum was full of lessons in just two days. The first day focused on benchmarking data and sharing experiences among firms, reflecting where we are today. Meanwhile, the second day
RMC 33-2026: Clarifications on Estate Tax Amnesty Compliance
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 033-2026[1] to provide clarificatory guidelines on the filing and payment of estate tax under the Estate Tax Amnesty program. The Circular addresses several practical concerns encountered by taxpayers, heirs, executors, administrators, and practitioners in relation to the availment
