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
Double Taxation 101: How Tax Treaties Protect Your Global Income
In today’s globalized economy, individuals and businesses frequently earn income across national borders. While this creates opportunities for growth and expansion, it also introduces the challenge of double taxation. This occurs when the same income is taxed by two different countries, placing an extra financial burden on taxpayers. For professionals
The BIR’s Ease of Closing Business in the Philippines
Revenue Memorandum Circular (RMC) No. 47-2026 was issued by the Bureau of Internal Revenue (BIR) to simplify and ease the process for closing a business or cancelling a taxpayer’s business registration with the BIR. It applies to businesses that have permanently stopped operations or have otherwise become subject to closure
Understanding BIR’s New Cost-to-Collect Threshold under RMO 11-2026
The Bureau of Internal Revenue (BIR) has increased the cost to collect threshold for Accounts Receivable and Delinquent Accounts (AR/DA) from ₱20,000 to ₱80,000 under Revenue Memorandum Order (RMO) No. 011-2026, issued on May 12, 2026. The order takes effect immediately and applies to all internal revenue officers and concerned
