During a sale of goods or services, a buyer and a seller enter into an agreement to transact business and complete a financial transaction. The agreement can be verbal or written, and the terms of the ...

Have you been audited by the BIR and your claimed expense was disallowed for improper or inadequate substantiation? Have you applied for a tax refund, and were denied due to an erroneous invoice or ...

Due to the clamor of some taxpayers, the Bureau of Internal Revenue (BIR) extended the validity of receipts and invoices, doing away with the five-year validity period. Based on Revenue Regulations No ...

The emergence of various digital platforms has contributed to the increase in the number of SMEs in recent years. Budding entrepreneurs may feel overwhelmed by the numerous regulatory and tax ...