Revenue Memorandum Circular 19-2024: Understanding the Tax Treatment of Interest Expense

The Bureau of Internal Revenue (BIR) of the Philippines recently issued Revenue Memorandum Circular (RMC) No. 19-2024, providing valuable clarification on the tax treatment of interest expenses. This circular aims to guide individuals, businesses, and tax professionals in understanding the proper recognition, capitalization, and deduction of interest expenses for tax purposes. Importance of Understanding Interest […]

Babylon2k Reigns Supreme: Back-to-Back Champions in the BPBL!

The hardcourt witnessed another thrilling moment as UHYMAC, one of Babylon2k’s trusted partners, emerged victorious in the Business Professionals Basketball League (BPBL) finals on February 25, 2024. This win marks not just a championship but a dominant repeat for the team, having also won the first season. The game was thrilling from the opening tip-off, […]