Finternet Technology: The New Financial Landscape Taking Shape
As digital finance gradually takes over, an idea is beginning to revolutionize the global commercial community: The Finternet Technology – a unified, interoperable “Financial Internet” designed to address the problems of modern financial systems, all in a seamless network. At the 2025 Singapore Fintech Festival, insights from the conference highlighted the Finternet vision as the […]
President of the Philippines Extends Tax Relief to Power Plants
On December 3, 2025, through Executive Order 106, President Ferdinand Marcos Jr. once again extended the tax relief to Independent Power Producers (IPPs) operating under Build-Operate-Transfer (BOT) agreements with the government-owned or controlled corporations. This step by the President was deemed a continuation of the policy reinstituted earlier in the year under Executive Order 83, […]
Understanding Auditing in the Electric Vehicle Industry
The Electric Vehicle (EV) industry is no longer a “futuristic” ideal, rather, it is the current trend. A fast-evolving ecosystem driven by advanced technology, aiming for sustainability and even to accumulate data. As EV adoption increases globally, a critical yet often overlooked function is stepping into place: Auditing. From battery supply chains to carbon credits, […]
Digital Identity & E-Signatures: Regulatory Frameworks & Issuances
In our prior discussion, we explored how Digital Identity Systems and Electronic Signatures are changing the way modern corporate governance operates in the Philippine context, with attendant benefits such as stronger authentication, reduced fraud risk, and optimized approvals and system integration. Building on that foundation, we will now shift to the regulatory frameworks that make […]
Digital Identity & E-Signatures: Moving Towards Paperless Corporate Governance
The pace of technological progress has accelerated, and companies are also shifting towards embracing digitalization. Digital Identity Systems and Electronic Signatures (e-signature) have arisen as vital tools for modern corporate governance. Across the globe, and increasingly in the Philippines, these innovations are redefining how boards of directors, corporators, and regulatory agencies authenticate documents, validate transactions, […]
BIR Temporarily Suspends Issuance of LOA and Audit Operations
Recently, the Bureau of Internal Revenue (BIR), along with the Department of Finance (DOF), ordered a temporary suspension regarding the issuance of Letters of Authority and the conduct of audit operations of the BIR, which is a move that immediately caught the attention of businesses, accountants, and tax professionals. The directive was announced jointly by […]
Understanding Your 13th Month Pay
The Christmas season is just around the corner, and Filipino employees now look forward to one of their most-awaited year-end benefits: the 13th-month pay. To many, it is known as a mandatory payout. Yet, some still misunderstand how it works, who is entitled, and how it should be computed. Let’s break down everything that needs […]
New Opportunity for Philippine Connectivity
The digitalization in the Philippines has been ongoing for transformation. Yet, the main problem lies in our internet connectivity, especially the part concerning the “speed” that Filipinos experience. Indeed, having a better internet connection is a good call, and the laws have been currently in favor of the same! With the recent approval and signing […]
Understanding the BIR Assessment (LOA, PAN, FAN-FLD)
For many business owners, nothing feels more worrisome than receiving a Letter of Authority from the Bureau of Internal Revenue (BIR). Indeed, technical terms like tax deficiency, assessments, and penalties arise, and the panic will ensue, even if businesses are compliant. But, here’s a myth we will debunk: A BIR Audit does not mean you […]
Global Non-Profit Sector Gets Its First Dedicated Accounting Standard
For the non-profit sector, a significant step was taken — the International Non-Profit Reporting Foundation (INPRF) has officially published the first-ever global accounting standard tailored explicitly for non-profit organizations, known as the International Non-Profit Accounting Standard (INPAS). The new standard was developed through years of collaborative effort, promising to reshape how charitable institutions, NGOs, and […]