
Clarifying the Provisions of Revenue Regulations No. 3-2025, Implementing Republic Act No. 12023 entitled “An Act Amending Sections 105, 108, 109, 110, 113, 114, 115, 128, 236 and 288 and Adding New Sections 108-A and 108-B of the National Internal Revenue Code of 1997, as Amended,” Imposing the Value-Added Tax on...
Mandatory submission of required attachments to the Annual Income Tax Returns (AITRs) thru the Electronic Audited Financial Statements (eAFS) System
Prescribes the streamlined procedures and guidelines on the mandatory requirements for claims of VAT refund under Section 112 of the NIRC of 1997, as Amended (Tax Code), except those pursuant to a writ of execution by the Courts
Creation of Alphanumeric Tax Code (ATC) of Selected Revenue Source under Revenue Regulations (RR) No. 007-2025
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,...
Software is a cornerstone of modern business innovation and efficiency. From streamlining operations to enhancing the customer experience, it enables organizations to scale, adapt, and thrive. The dynamic nature of software — whether through cloud-based solutions, enterprise applications, or specialized tools — has...
As we enter the second half of 2025, a new and timely tax reform has arrived — one that could influence how Filipinos invest and grow their wealth. On May 30, President Ferdinand R. Marcos, Jr. signed Republic Act No. 12214, or the Capital Market Efficiency Promotion Act (CMEPA). As the name suggests, the law is...
The rules governing procurement have changed significantly over the past three years. In 2022, the Implementing Rules & Regulations (IRR) for the Build-Operate-and-Transfer (BOT) Law underwent two revisions — in March and September, respectively. In April 2023, the National Economic and Development Authority’s (NEDA)...
Mary Jade T. Roxas-Divinagracia, CFA, CVA
Deals and Corporate Finance Managing Partner, PwC Philippines
Tel: +63 (2) 8845 2728