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
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
Tax Audit & Due Process: When Does it Become Unfair?
The room was tense. The last words reverberating in the air were those of the revenue officers: “I‑CTA na natin ’to” (Let’s take this to the CTA). Time seemed to stop, as I calculated in a few seconds our next steps. Should I take the statement, uttered so lightly, as
Reasons Why Your VAT Refund Was Denied
The numbers made sense. Excess input VAT from prior periods. Capital goods purchases. Transactions subject to withholding. Or zero-rated sales that never translated into recoverable credits. The taxpayer had carefully tracked everything and, at some point, reached the same conclusion that there is VAT to be recovered. The claim was
