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
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
Received an FDDA from the BIR? Here’s What Happens Next
In the lifecycle of a tax audit in the Philippines, few documents carry as much psychological weight as the Final Decision on Disputed Assessment, more commonly known as the FDDA. By the time it arrives, the taxpayer has already gone through the grind, from responding to a Letter of Authority,
Small Business at Buwis: Ang Katotohanan Tungkol sa Tax Compliance
Sa iba’t ibang lugar at pamilihan, hindi na bago ang pamilyar na galaw ng maliliit na negosyo. May maliit na sari-sari store sa harap ng bahay, karinderya sa kanto, ukay-ukay na itinitinda sa live stream sa social media, at pati na rin ang habal-habal na bumibiyahe sa mga rutang hindi
