Tag Archives: tax compliance
BIR Clarifies Tax Rules on Sale of Real Property considered as Ordinary Assets
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By
AJA Law
The BIR has issued RMC 31-2025 and clarified the tax treatment for real estate sales classified as ordinary assets. Real estate businesses must comply with updated filing requirements and proper invoicing to avoid penalties and audits.
BIR issues regulations to implement the provisions of Republic Act No. 11976 or the Ease of Paying Taxes (EOPT) Act.
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By
AJA Law
In line with the Ease of Paying Taxes (EOPT) Act, the BIR has issued new regulations that simplify taxpayer compliance and introduce key reforms. These include the removal of the annual registration fee, clearer taxpayer classifications, special concessions for micro and small taxpayers, and updated invoicing standards. Notably, a single “Invoice” now applies to both goods and services, and electronic systems like eFPS and the upcoming EIS are central to future compliance. These changes signal a major shift toward streamlined and responsive tax administration in the Philippines.
Securing Success: A Legal Protection Blueprint for Philippine Businesses
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By
AJA Law
In the realm of business operations in the Philippines, understanding and adhering to legal requirements are critical components of sustained success. This blueprint aims to demystify the essential aspects of legal protection for both current and growing businesses in the country.