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
Filing Guidelines for 2025 Annual Income Tax Returns
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 020-2026, dated March 16, 2026, prescribing the procedures for filing Annual Income Tax Returns (AITR) and payment of taxes for calendar year 2025. The filing deadline is April 15, 2026. This circular enforces the Ease of Paying
The Tax Reality of Filipinos with Multiple Employers or Side Businesses
The Hidden Complexity Behind Modern Income The modern Filipino professional rarely fits the old template of “one employer, one paycheck, one tax form.” An accounting officer resigns in April and joins another company in May. A corporate employee quietly runs an online shop on weekends. A part-time virtual assistant caters
Navigating RR 1-2026: Clarifying Provisions for VAT on Local Sales of RBEs
Revenue Regulations (RR) No. 9-2025, issued on February 27, 2025, implements Section 295(D) or the VAT provisions of Republic Act No. 12066 (CREATE MORE Act) concerning the tax treatment of local sales of goods and/or services by Registered Business Enterprises (RBEs). Under this regulation, all local sales by RBEs are
