
Circularizing Customs Memorandum Circular No. 113-2025, entitled "IMPLEMENTATION OF REVENUE REGULATIONS NO. 09-2025 WHICH IMPLEMENTED SECTION 295 (D) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 (TAX CODE), AS AMENDED BY SECTION 18 OF REPUBLIC ACT NO. 12066 OR THE CORPORATE RECOVERY AND TAX INCENTIVES FOR ENTERPRISES...
Clarification on Certain Issues Pertaining to Compliance with the Documentary Requirements in Availing Value-Added Tax (VAT) Zero-Rating on Local Purchases of Duly Registered Business Enterprises (RBEs)
Clarification on the Registration of Books of Accounts for New Business Registrants
This 2025 edition is a vital resource that captures the tax laws enacted under the Comprehensive Tax Reform Program. It aims to provide practitioners, scholars, and citizens with a clear and accessible guide to the evolving landscape of Philippine taxation.
Digital services have become essential in today’s fast-paced world. For businesses, companies increasingly rely on cloud-based tools or enterprise software to enhance efficiency and aid in data-driven decision making, despite the significant investment these technologies often require. Multinational companies (MNCs)...
The CREATE MORE Act ushered in changes to certain documentary requirements for VAT refund claims. Beyond compliance lies a jungle of possibilities and challenges — where does your business stand? Dive into this article to uncover recent updates and explore the intricacies of securing VAT refunds amidst a sea of change.
At first, I was afraid of the complications artificial intelligence (AI) could bring to the practice of transfer pricing (TP). I kept thinking about how TP professionals could adapt with the growing influence of AI. AI is no longer a far-fetched phenomenon; it has transformed and continues to transform how...
The deadline to avail of the estate tax amnesty lapsed on June 16, marking the end of a generous window of opportunity granted under Republic Act (RA) No. 11213, as amended by RA No. 11569 and extended further through RA No. 11956. This three-tiered legislation allowed heirs of decedents who died on or before May 31,...
Mary Jade T. Roxas-Divinagracia, CFA, CVA
Deals and Corporate Finance Managing Partner, PwC Philippines
Tel: +63 (2) 8845 2728