Tag Archives: VAT
BIR Simplifies Business Registration through the Philippine Business Hub
The BIR has rolled out the Philippine Business Hub, a centralized platform that simplifies business registration for corporations and entrepreneurs. This reform streamlines tax registration, integrates multiple government processes, and promotes faster, more transparent digital compliance in the Philippines.
BIR Clarifies Tax Rules on Sale of Real Property considered as Ordinary Assets
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.
Breaking Down the Ease of Paying Taxes Act: What’s New and What’s Changed?
The Philippine government has enacted a series of amendments to the National Internal Revenue Code (NIRC) through the Ease of Paying Taxes Act (“EOPT Act”). Read more about this new law with our comprehensive primer.