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
Less Tax, More Ginhawa: A Guide to Senate Bill No. 56 “Granting Increase in Take-Home Pay for All Working Filipinos Act”
A recently passed measure under Senate Bill No. 56 (or its House equivalent – House Bill No. 2616), also known as the “Granting Increase in Take-Home Pay for All Working Filipinos Act” or the GINHAWA Bill, as introduced by Senator Win Gatchalian, seeks to enhance the progressivity of the Philippine
Charity with Clarity: What the BIR’s New Circular Means for Cash Donations
When people think of taxes, they rarely think of charity. Donations are often seen as acts of goodwill that exist outside the formal machinery of government revenue. Yet in practice, charitable giving and tax administration are closely intertwined. The recent issuance of Revenue Memorandum Circular (RMC) No. 010-2026 by the
RMC No. 014-2026 and RMO No. 006-2026: Clarifying the BIR’s New Audit Framework
Tax rules are often written in a language that seems designed to test the patience of even the most diligent reader. Acronyms multiply, procedures overlap, and somewhere between audit notices and revenue issuances, the ordinary taxpayer is left asking a simple question: What exactly does this mean for me? That
