As we contemplate the meaning of Christmas two millennia after our Messiah was born in a humble manger, we also come to observe that nothing is really constant except change. Over the ages, the world has experienced recurring plagues, economic upheavals, revolutions and wars, despite best efforts of the authorities to...
Christmas is a time for family reunions — a moment to celebrate traditions, revisit shared goals, and reflect on legacies. For those with family businesses, these gatherings often spark deeper discussions about preserving wealth and maintaining harmony across generations. One way families prepare for succession...
Rapid advances in technology present businesses with unique opportunities and challenges they must navigate to maintain a competitive advantage. As businesses leverage technology to expand their avenues for profit, they also face an increased potential for losses. An example of this can be seen in the e-commerce...
On November 12, BIR consulted on VAT rules for digital services; final regulations are expected by January, impacting non-resident DSPs.
As the world grapples with the urgent need to combat climate change, renewable energy (RE) investments have become a critical focus for many countries. Currently, the RE share in the Philippines’ power generation mix is at 22%. By 2030, the Philippines targets an RE share of 35%, 50% by 2040, and more than 50% by 2050....
To tax or not to tax government entities? While this is a common question in every Public-Private Partnership (PPP) project, this is often addressed by adopting a conservative approach. Perhaps, because of the urgency of PPP projects, the easy solution to this conundrum is to just pay whatever taxes are identified....
As I was enjoying a rosé-flavored drink while listening to a catchy new song, I couldn’t help but think about the absence of Advance Pricing Agreements (APAs) in the Philippines. This reflection seemed quite apt, especially as I recalled insights from a regional Transfer Pricing (TP) training session I attended...
In 2021, I discussed under this column the new tax-free exchange (TFE) provisions under Section 40(C)(2) of the Tax Code as introduced in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), and my initial impressions on how the rules could provide businesses with additional restructuring options and...
Staying compliant with tax regulations can be a daunting task for many entrepreneurs and business owners. With the signing of the Ease of Paying Taxes (EoPT) Law or Republic Act No. 11976, new classifications for business taxpayers have been introduced. This segregated approach not only seeks to streamline tax...
As the days grow shorter and the breeze gets cooler, a palpable sense of excitement and warmth begins to spread, heralding the arrival of the Christmas spirit. As the festive lights start to twinkle on houses and streets, they emit a magical ambience that captivates the hearts of both young and old. When I was a child,...
Aside from traveling the world, my bucket list includes going to live concerts of my favorite artists. I’m sure most people my age are the same. In the Philippines, fans are lucky to have concert venues that can accommodate a large scale audience, which makes our country appealing to concert organizers. When it comes...
One of the greatest fears a commuter occasionally faces is riding a bus on a Monday morning, only to find out that all the cash he has consists of a thousand peso bill. Since there is no option but to pay the fare, he’ll need to pay hoping that he gets change for the P20 cost of the rider. With the destination drawing...
