When companies work together, each party contributes its unique strengths and skills to achieve common goals. These collaborations, whether they involve sharing resources, providing financial ...

In 2022, the Supreme Court decided the case of Aces Philippines v. Commissioner of Internal Revenue (G.R. No. 226680, 30 August 2022) where it held that a foreign corporation can be subject to ...

BUTUAN CITY – Following the disposition on Monday of smuggled cigarettes by the Bureau of Internal Revenue (BIR) Revenue, sari-sari store owners and vendors appealed to business enterprises to comply ...

In this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin. This is especially true in case of the settlement of the estate of a deceased person which requires ...

ANY income earned under international treaties and agreements binding upon the Philippine government will be exempt from the computation of gross income and income tax, according to the Bureau of ...

CALAMBA CITY, Laguna (PIA) — The Bureau of Internal Revenue (BIR) has unveiled its new e-Lounge in various regional and district offices to assist taxpayers with digital transactions, making tax ...

“These enforcement actions send a clear message—the BIR will not hesitate to take decisive action against those who violate tax laws,” it said. While the Philippine Tobacco Institute ...

(Photo courtesy of BIR) MANILA – The Bureau of Internal Revenue (BIR) is set to destroy PHP2.1 billion worth of illicit cigarettes in 12 designated sites from Feb. 24 to 28, 2025. In a statement ...

For its part, the Philippine Tobacco Institute (PTI) commended the BIR’s enforcement efforts, noting that “the destruction of these counterfeit and tax-evading products demonstrates that the BIR is ...

The essence of computation is nonlinearity. A cascade of linear functions, no matter how deep, is just another linear function—the product of any two matrices is just another matrix—so it is ...