This Tax Alert is issued to inform covered taxpayers of the mandatory requirement to issue compliant electronic invoices on or before 31 December 2026. A Permit to Issue (PTI) Electronic Invoice is ...

Investing in gender equality is a proven driver of performance and a competitive advantage. The 2026 Women in Business research shows that Philippine businesses who are maintaining their gender ...

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 94-2026 to provide additional guidelines on the utilization of Personal Equity and Retirement Account Tax Credit ...

The Philippines, being an archipelago in the Pacific Ring of Fire and a frequent target of tropical cyclones, faces recurring challenges from natural disasters. Just last month, our country was ...

With differences in financial reporting under Philippine Financial Reporting Standards (PFRS)/Philippine Accounting Standards (PAS) and tax treatment purposes under the National Internal Revenue Code ...

These guidelines are hereby issued pursuant to Article 5 of the Labor Code of the Philippines, as renumbered, and Presidential Decree No. 851, requiring employers in the private sector to pay their ...

The publication is a collection of amendments to IFRS Standards discussed by the IASB during the current project cycle for annual improvements. The IASB uses the Annual Improvements process to make ...

In our earlier article, “Removal of the 5-Year Validity of Receipts and Invoices,” I explained that the Philippine tax system is mostly driven by supporting documents and that the deductibility of ...

This Accounting Alert is issued to circulate IFRS 18, Presentation and Disclosure in Financial Statements, effectively replacing IAS 1, Presentation of Financial Statements, for every reporting entity ...

The Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 10, Series of 2026, providing comprehensive guidelines on the reportorial requirements, monitoring procedures, and ...

The Philippines has implemented significant various tax reforms in recent years with the goals of modernizing the tax system, attracting investments, supporting small businesses, and boosting economic ...

The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 03-2025 to set the implementing rules and regulations (IRR) for Republic Act (RA) No. 12023, otherwise known as value added ...