Executive SummaryA BIR tax audit can move faster and more smoothly when your records are complete, organized, and easy to explain. Under the BIR’s current audit framework, taxpayers may be asked to ...

Generally, a company should not be subjected to multiple regular tax audits covering the same taxable year. However, certain exceptions are allowed under Philippine tax laws. Section 235 of the ...

Executive SummaryCan the Bureau of Internal Revenue (BIR) audit your business for taxes from five or even ten years ago?The ...

Executive SummaryWhen the Bureau of Internal Revenue (BIR) conducts a tax audit, business owners may be required to present ...

Executive SummaryReceiving a tax audit notice from the Bureau of Internal Revenue (BIR) can be stressful for business owners.

Executive SummaryThe Securities and Exchange Commission (SEC) and the Supreme Court of the Philippines have introduced a ...

Executive SummaryReceiving a notice from the Bureau of Internal Revenue (BIR) can raise many questions for business owners. Does it mean the company owes additional taxes? What documents must be ...

Executive SummaryReceiving a Notice of Discrepancy (NOD) from the Bureau of Internal Revenue (BIR) can be worrying, especially when the notice identifies possible differences in your company's tax ...

Executive SummaryReceiving a Letter of Authority (LOA) from the Bureau of Internal Revenue (BIR) can be concerning for any ...

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 112-2026, clarifying how businesses should present Creditable Withholding Tax (CWT) in their sales invoices. The ...

Executive SummaryA company may use more than one system to issue invoices. One branch may use a POS system, another may use an ERP, while online transactions may pass through a separate invoicing ...