Be updated on our latest insights

Can expatriate employees assigned to the Philippines qualify for personal income tax exemptions under tax treaties? This is a question often asked by foreign corporations sending employees to the Philippines for various purposes.

TO SIMPLIFY tax rules, the Bureau of Internal Revenue (BIR) redefined the criteria for top withholding agents (TWAs) when it released Revenue Regulations (RR) No. 7-2019 on June 13, 2019.

During my college days, I was asked to lead a tutorial class for my classmates, for students of another section, and for lower grade accountancy students. To be honest, being a teacher was far from my mind (much less being an auditor) when my advisers asked what profession I would like to pursue. Back then, I wanted to be a civil engineer.

As we are celebrating Philippine Independence this month, I can recall several kinds of freedom. For Filipinos, June 12 is a commemoration of our freedom from being ruled by another nation. Another type of freedom is for young upon reaching the legal age, at which point they can make their own choices. Freedom can also be viewed in the context of moving on from a failed relationship. For the taxpayers’ perspective, freedom would mean liberation from tax burden; and it is fitting to mention that, early this year, a law was passed to set free the taxpayers from the past tax deficiencies.

THE Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 6-2019 to provide guidelines for processing estate tax amnesty applications.

More than a year has passed since I wrote the article “Words Matter.” Through that article, I shared how my kids would play a game where their powers are determined by the words they utter. My then eight-year-old daughter, with her significantly superior vocabulary compared to her much younger sibling, can say a lot more. She can summon fire to melt ice, make flowers bloom to signify a new beginning, and surround herself with a force field to protect her from the attacks of her sister. Her sister, who was only three at that time, can only summon “Ice”! This little one got annoyed so much, because her limited words hindered her from being able to compete with her sister.

“Rain, Rain, Go Away” is a nursery rhyme that children sing when they wish the rain to stop so they can go outside and play.

ON MAY 31, 2019, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 28-2019, prescribing the policies on the registration requirements for foreign nationals as part of the joint guidelines signed by the BIR, Department of Labor and Employment (Dole), Department of Justice (DOJ) and Bureau of Immigration (BI) to strengthen efforts in monitoring foreign workers.