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
How to Recover Excess Creditable Withholding Taxes in Corporate Dissolution
Have you ever purchased something and later realized you paid too much, only to be told by the retailer that no refund would be given? It’s a frustrating experience—being stuck with the extra cost. Thankfully, taxpayers in the Philippines are not left in such a situation when it comes to
RMC 57-2026: Final Tax on Casino and Gambling Jackpot Prizes
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 57-2026 to clarify that jackpot prizes from casino and other gambling activities are considered “winnings” under the National Internal Revenue Code (NIRC) of 1997, as amended. These winnings are subject to final withholding tax: 20% for citizens and
CREATE MORE Invest Smarter: Navigating the 2026 SIPP
With the recent issuance and approval by the President of the Philippines through Memorandum Order No. 47, effective 17 June 2026, the 2026 Strategic Investment Priority Plan (SIPP) introduces additional priority sectors that reflect the government’s continuing efforts to strengthen the country’s competitiveness in an increasingly digital and innovation-driven global
