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
Understanding Real Property Tax in the Philippines
Real Property Tax (“RPT”) is a local tax imposed on land, buildings, and other real properties located in the Philippines. For many businesses, RPT is a regular expense that is often overlooked until assessment notices, penalties, or disputes arise. Companies that own offices, warehouses, factories, commercial spaces, or machinery should
Taxing the Instrument: How Documentary Stamp Tax Is Computed and Who Pays It
After identifying transactions that may trigger Documentary Stamp Tax (DST), the next critical step is understanding how DST is computed and which party is legally liable to pay it. In practice, many taxpayers recognize that a transaction is subject to DST but still incur deficiencies due to incorrect tax base
CTA Decision Sheds Light on Key Pitfalls in VAT Refund Claims
Recent developments in tax jurisprudence highlight important considerations for taxpayers seeking refunds or tax credits of excess and unutilized input VAT attributable to zero-rated sales. These developments are consistent with established jurisprudence recognizing the evidentiary and procedural requirements governing VAT refund claims, including Atlas Consolidated Mining and Development Corporation v.
