Tag Archives: VAT
02
May
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.
08
May
Breaking Down the Ease of Paying Taxes Act: What’s New and What’s Changed?
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By
AJA Law
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.