BIR Clarifies VAT Zero-Rating Confusion for Suppliers of EOEs & RBEs
If you’re a local supplier dealing with Export-Oriented Enterprises (EOEs) or Registered Business Enterprises (RBEs), you know the drill: the constant back-and-forth, the refusal to honor VAT zero-rating certificates, or the demand for BIR confirmation. It’s a common headache that slows down transactions and creates unnecessary friction. But here’s the good news. The Bureau of […]
The Ultimate Guide to Agricultural Taxes in the Philippines
In addition to being the foundation of the Philippine economy, agriculture is a growing industry that merits understanding, particularly with regard to taxation. This guide explains what you need to know about Philippine agricultural taxes, whether you’re an agribusiness owner, farmer, or just interested in the system’s operation. What’s the Percentage Tax on Agricultural Products? […]
SEC’s New Crypto Rules: What Philippine CASPs Need to Know
As the Philippines climbs to 8th in the world for crypto adoption—moving an estimated $40 billion in crypto value between July 2023 and June 2024, according to Chainalysis—the SEC isn’t sitting back. On May 30, 2025, it issued Memorandum Circulars Nos. 4 and 5 to lay down the law for Crypto-Asset Service Providers (CASPs) in […]
Understanding MySSS Pension Booster (SSS WISP): A Guide to Saving Your Money
Thinking about your future may have gotten you uncertain over your finances, more importantly now that prices of goods, and almost everything, have constantly surged. But you don’t have to worry, the Philippine Social Security System (SSS) provides you with accessible and safe savings and investment programs. The rebranded MySSS Pension Booster, formerly known as […]
BSP Now Has the Power to Investigate Financial Accounts — What You Need to Know
The Bangko Sentral ng Pilipinas (BSP) has been granted expanded authority to access and share financial account information without violating bank secrecy or data privacy laws. This move is part of the Anti-Financial Account Scamming Act (AFASA), aimed at combating financial scams like phishing, money muling, and social engineering schemes. What Does This Mean for […]
How to File Income Tax Return in the Philippines?
There are two certain things in the world, they say. Death and taxes. If you’re transitioning into adulthood and have started working, you might come across the term ‘income tax return’. And will probably wonder what that means. Don’t worry, this article will help you understand income tax return better. So let’s get straight to […]
RMC 37-2025: The BIR Memo That Simplifies VAT Refunds in the Philippines
Is Your VAT Refund Stuck in Limbo? If you’re a business owner in the Philippines, you probably know the pain of chasing a Value-Added Tax (VAT) refund. You’ve done the math, filed the forms, and waited… and waited some more — only to be met with delays, confusing paperwork requirements, or even outright denial of […]
What is a General Information Sheet?
When you’re running a corporation, chances are, you have encountered the term ‘GIS’. But if you’re still wondering what exactly a General Information Sheet is, this article got you covered. In a nutshell, one of the requirements for your business is the submission of a General Information Sheet (GIS). This essential document provides the Securities […]
RR 20-2020: Simplifying Unlisted Share Valuation
If you’ve ever tried selling or inheriting shares in a private corporation, you may have faced the challenge of determining their fair value. Disputes, delays, and unclear methods made the process frustrating—for both taxpayers and the Bureau of Internal Revenue (BIR). Revenue Regulation No. 20-2020 (RR 20-2020) was issued by the BIR in August 2020 […]
Obtaining Mayor’s Permit: A Guide for Business Owners in the Philippines
Thinking of starting a business in the Philippines? If so, a Mayor’s Permit is one of the key requirements you need to secure so you can run your business. In this guide, we’ll help you with the steps and requirements in obtaining a Mayor’s permit and other details, such as the documents needed, validity period, […]