AS the calendar year closes on Dec. 31, 2025, it is critical for businesses to review and comply with applicable tax, corporate and local regulatory obligations so that mandated requirements are met ...

THE Bureau of Internal Revenue (BIR) asserted that there will be no extension on the filing and payment of annual income tax returns (AITRs) due on April 15, as it aims to collect P432 billion during ...

1. I am an employee, and my employment is my only source of income. Do I need to file an income tax return? If not, what’s the proof of the taxes paid on my behalf? If I don’t have an annual income ...

Keeping up with the most recent tax regulations is crucial when filing taxes, especially for individual taxpayers. It is essential to know information that can help ease the burden of tax filing, ...

The Philippine Tax Whiz discusses Revenue Memorandum Circular 51-2024 and Bank Bulletin 2024-01 of the BIR which indicate the newest guidelines on annual income tax returns for calendar year 2023 The ...

NEARLY four weeks before the deadline of filing of tax returns, Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has officially declared war against all those who profit in ...