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
RMC 53-2026: Thing You Need to Know About the Large Taxpayers Service Portal
The Bureau of Internal Revenue (BIR) has announced the availability of the Taxpayer Portal and its pilot implementation for taxpayers registered under the Large Taxpayers Service (LTS). The portal is a secure digital platform designed to modernize tax administration, streamline compliance, and enhance taxpayer convenience. Key Functionalities Available View Registration
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
