Tax Incentives Under the CREATE Act: A Sector-by-Sector Breakdown
Tax Incentives Under the CREATE Act: A Sector-by-Sector Breakdown The Philippines’ tax incentive landscape has evolved significantly since the original CREATE Act took effect in 2021 — and even more so with the passage of the CREATE MORE Act (Republic Act No. 12066) in late 2024. For businesses evaluating where and how to invest, understanding […]
BIR Issues New Guidelines on Digital Transactions and E-Invoicing
BIR Issues New Guidelines on Digital Transactions and E-Invoicing The Bureau of Internal Revenue (BIR) is moving Philippine businesses away from paper-based invoicing for good. Through its Electronic Invoicing System (EIS), covered taxpayers will soon be required to generate, sign, and transmit structured invoice data directly to the BIR — not just issue a PDF […]
Supreme Court Denies Petition in High-Profile Tax Refund Case
Supreme Court Denies Petition in High-Profile Tax Refund Case The Supreme Court has put an end to a years-long tax refund dispute involving OceanaGold (Philippines), Inc., affirming lower court rulings that denied the mining company’s bid to recover more than PHP 200 million in excise taxes. The decision offers a useful reminder of just how […]
Navigating BIR’s New Transfer Pricing Documentation Requirements
Navigating BIR’s New Transfer Pricing Documentation Requirements Transfer pricing compliance has become one of the top priorities for businesses with related-party transactions in the Philippines. With the Bureau of Internal Revenue (BIR) sharpening its audit tools and enforcement focus, companies operating through multiple related entities need to understand exactly what documentation is expected — and […]