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
From Receipts to Returns: The VAT Impact of Reimbursements and Advances
Reimbursements and Advances: What’s the Difference? In a typical business setup, reimbursements and advances occur to ensure smooth operations while balancing convenience and accountability. Reimbursements usually happen after an employee incurs a business-related expense personally, covering costs such as travel, meals, office supplies, or client entertainment which are commonly immaterial
Where Should You Pay? Navigating the Proper Situs of Local Business Taxes
For businesses operating across multiple locations in the Philippines, one of the most frequently misunderstood, and often contested, issue in local taxation is the proper situs of local business taxes (LBT). While national taxes are generally governed by uniform rules, LBT is imposed and administered by local government units (LGUs),
Choosing the Right Remedy: Strategic Use of Tax Compromise and Abatement
In the Philippines, tax assessment issues between taxpayers and the government are an inevitable reality. Assessments issued by the Bureau of Internal Revenue (BIR) may arise from differences in interpretation, factual discrepancies, or compliance gaps. When such situations arise, taxpayers are not left without recourse. The National Internal Revenue Code
