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Tax laws provide not only the rules on how taxes are assessed and collected, but also the limits within which the government may enforce its right to collect.

Can a taxpayer deduct business expenses related to passive income? Under the BIR’s latest issuance, taxpayers need to identify and segregate their expenses more carefully.

The insurance industry is a vital pillar of the Philippine economy, serving both as a financial safety net and a catalyst for long-term economic growth.

Over a year since the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circulars (RMC) Nos. 05-2024 and 38-2024, taxpayers continue to navigate the complexities that these twin issuances introduced in the taxation of cross-border services.

Last July 1, 2025, the Capital Markets Efficiency Promotion Act (CMEPA), or Republic Act No. 12214, took effect.

The Philippines, being an archipelago in the Pacific Ring of Fire and a frequent target of tropical cyclones, faces recurring challenges from natural disasters.

A year ago, I wrote an article about updates on Certificate Authorizing Registration (CAR) applications in relation to the Ease of Paying Taxes Law (EoPT).

Adding to the wealth of jurisprudence in interpreting the two-year prescriptive period, the Supreme Court (or the “Court”) revisited the interpretation of the two-year prescriptive period for tax refund claims under Section 229 of the National Internal Revenue Code, as amended (or “Tax Code”) in its decision in G.R. No. 271261.