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Blogs

For those interested in learning more about the Philippine business environment and economic profile, our blog area contains articles on finance, foreign investments, industry updates, entrepreneurship, and other business subjects.



For local and international businesses that wishing to set up operations in the Philippines, our articles give vital insights on best practices in conducting business in the Philippines.


This section aims to keep you informed and up to date with the latest of developments in the business landscape so that you can better prepare and stay ahead in your business endeavors.

Latest News

The latest of BIR-related articles and headlines that are of significance to the business world are presented at your convinience and regularly updated.

This section provides insights and analysis on the economy, industry performance and regulation, business deals, corporate earnings, and economic markets.

06 June, 2022

From director to researcher: Taxman who threatened to shut down Megaworld placed in freezer weeks before retirement

In an order issued on June 1, BIR Commissioner has assigned Pagulayan, who is set to retire by the end of this month, as technical assistant under his office. Pagulayan was placed on floating status just three weeks after he and Deputy Commissioner Arnel Guballa issued the controversial media advisory announcing the closure of Megaworld of ultra bilyonaryo Andrew Tan.


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03 June, 2022

Shift to e-receipts starts in July — BIR

Large-scale taxpayers, e-commerce and export firms need to start shifting to the digital issuance of invoices and receipts by July as mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The Bureau of Internal Revenue (BIR) said it would carry out on a pilot basis the e-invoicing, e-receipting and e-sales system (EIS) starting July.


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02 June, 2022

Lawmaker to re-file bill suspending fuel excise tax

A senior administration lawmaker yesterday vowed to re-file his proposed bill that aims to suspend the collection of excise taxes on diesel, gasoline, cooking gas and other oil fuel products in the incoming 19th Congress (2022-2025).


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Latest News

Securities and Exchange Commission(SEC) responsible for regulating the securities industry in the Philippines as well as maintaining the country's company register.

This section will provide accurate and consistent information on policies and recommendations on issues concerning the securities market for it will garner confidence and assurance for people to continue doing business with no worries.

01 June,2022

BSP keeps COVID-19 shield for credit card users

Bank regulators have kept the interest cap on credit card transactions at 2 percent per month or 24 percent a year, citing the need to help consumers amid the continuing impact of the COVID-19 pandemic. The Bangko Sentral ng Pilipinas said the maximum interest rate or finance charge on the unpaid outstanding credit card balance of a cardholder remains at levels set in September 2020.


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01 June,2022

Pagcor to probe physical takeover of Okada Manila

Philippine gaming authorities said on Wednesday, June 1, they will probe an incident where representatives of a Japanese casino billionaire entered a Manila casino to take physical control of the premises from its operator. The Philippines’ Supreme Court (SC) in April ruled that Kazuo Okada could once again lead the Okada Manila integrated casino-resort as head of its operator Tiger Resorts, a position he was ousted from in 2017 on suspicion of misappropriating $3 million.
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01 June,2022

SC affirms CTA ruling on tax case of Leyte hotel

The Supreme Court (SC) has affirmed a Court of Tax Appeals (CTA) ruling finding a local firm liable for realty taxes in connection with a government-owned hotel that the firm leased. The SC 3rd Division denied the petition filed by Unimasters Conglomeration, Inc. (UCI) in connection with the taxes arising from its lease of Leyte Park Hotel, Inc. (LPHI) in Tacloban City.


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