Section 235 limits BIR income tax exams to once a year, with five exceptions. See the 2026 one-eLA rule and what to do if you ...

A VAT refund claim can be won or lost before the Court of Tax Appeals ever reaches the substance of the taxpayer’s entitlement. For many businesses, especially exporters, power companies, zero-rated ...

Executive SummaryA BIR tax audit can move faster and more smoothly when your records are complete, organized, and easy to explain. Under the BIR’s current audit framework, taxpayers may be asked to ...

Executive SummaryCan the Bureau of Internal Revenue (BIR) audit your business for taxes from five or even ten years ago?The ...

Executive SummaryReceiving a tax audit notice from the Bureau of Internal Revenue (BIR) can be stressful for business owners.

Executive SummaryReceiving a notice from the Bureau of Internal Revenue (BIR) can raise many questions for business owners. Does it mean the company owes additional taxes? What documents must be ...

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 112-2026, clarifying how businesses should present Creditable Withholding Tax (CWT) in their sales invoices. The ...

Executive SummaryWhen the Bureau of Internal Revenue (BIR) conducts a tax audit, business owners may be required to present ...

Executive SummaryThe Securities and Exchange Commission (SEC) and the Supreme Court of the Philippines have introduced a ...

For calendar-year taxpayers filing 2025 annual income tax returns in 2026, the ordinary statutory deadline is April 15. However, as of the current 2026 filing season, the BIR issued Revenue Memorandum ...

Generally, a company should not be subjected to multiple regular tax audits covering the same taxable year. However, certain exceptions are allowed under Philippine tax laws. Section 235 of the ...