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System loss refers to the electricity that has already been generated and paid for but is lost before it reaches consumers.
Tax incentives may be clear in principle, but putting them into practice can raise unexpected but practical questions.
This year, the Bureau of Internal Revenue (BIR) launched its DARES reform agenda, a five-point framework anchored on digital and data transformation, audit reform and accountability, revenue collection and base protection, employee empowerment and welfare promotion, and service excellence and stakeholder engagement.
As the -ber months begin, taxpayers may have another countdown on their minds. The BIR recently issued a draft Revenue Memorandum Circular (RMC) on e-invoicing and opened it for public consultation, providing a clearer picture of how the new regime may operate.
During his fifth State of the Nation Address (SONA) on 27 July 2026, President Ferdinand Marcos Jr. proposed increasing the annual personal income tax exemption threshold from ₱250,000 to ₱350,000.
Taxation is one of the inherent powers of the State. The famous dictum of the US Supreme Court Chief Justice John Marshall in McCulloch v. Maryland that “the power to tax involves the power to destroy” has long illustrated the breadth of the taxing power of the State. Taxes are the lifeblood of the government and, therefore, should be collected without unnecessary hindrance. However, if exercised arbitrarily, the power to tax can become oppressive.
In investment decisions, tax incentives should not be treated as an afterthought. They influence pricing, capital allocation, financing assumptions, workforce planning, supply chain strategy, and ultimately, the expected return on a registered project.
The Philippines, one of the oldest allies of the U.S government, has signed the Declaration of Inclusion last April 2026 and is eyeing for the signing of the Agreement in November 2026.
