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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 National 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.

08 November, 2023

Zubiri: Japan firms threatened to leave PH due to VAT refund issues

Japanese companies have threatened to leave the Philippines due to the government’s value added tax (VAT) refund issues under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, Senate President Juan Miguel Zubiri said Wednesday.
The Senate chief disclosed this at the first day of plenary deliberations of the General Appropriations Bill (GAB) which contains the proposed P5.768 trillion national budget for next year.

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08 November, 2023

Meralco unit to invest P200B in PH’s biggest solar farm

The renewable energy unit of distributor Manila Electric Co. (Meralco) plans to spend P200 billion to help develop what is slated to be the country’s largest solar farm that will be built by businessman Leandro Leviste’s company.

Meralco chair Manuel V. Pangilinan on Monday said the amount would also fund the development of battery energy storage systems (BESS) that would ensure backup supply availability, especially at night and in the event of shortages.

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10 November, 2023

TIN IDs used by foreign workers in raided POGO hub in Pasay 'authentic' —PAOCC exec

The Tax Identification Number (TIN) IDs that were recovered from foreign workers in a raided POGO hub in Pasay City were found to be “authentic,” an official from the Presidential Anti-Organized Crime Commission (PAOCC) said Friday. Undersecretary Gilberto Cruz disclosed this during a Senate hearing into the alleged human trafficking activities inside the raided building in Pasay City, which was recently raided by authorities.

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Latest International News

Be updated with the latest international news and world events from Asia, Europe, the Middle East, and more overseas

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.

13 November, 2023

Businesses urged to comply with EPR, decrease plastic footprint

The Department of Environment and Natural Resources (DENR) has reiterated its call for businesses to comply with the Extended Producer Responsibility (EPR) Act and register their initiatives on plastic waste management. “Since EPR programs might be relatively new to many companies, we expect that more enterprises will submit their programs once they better understand how to operationalize modes of implementation into their businesses,” Environment Undersecretary Jonas Leones said in a statement on Sunday.

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13 November, 2023

Solon warns vs imposing 1% withholding tax on online sellers by December

House Committee on Ways and Means Chairperson Joey Salceda on Monday cautioned the Bureau of Internal Revenue (BIR) against its plan to impose a 1% withholding tax on online sellers as the policy did not stand on solid ground without legislation and comprehensive consultation.

“It would be better if they wait for the law to be passed. Because before you collect taxes from the people, you need to listen to them first. They will do it (1%) through Executive Order or RMC (Revenue Memorandum Circular), but there is already a bill that passed the crucible of public opinion in the House when it comes to taxing digital services, and that is pending in the Senate,” Salceda said.

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09 October, 2023

DOE, BIR should seek arbiter over P18-billion tax dispute- state auditors

State auditors ruled that the Department of Energy (DOE) and Bureau of Internal Revenue (BIR) should seek adjudication over the P18.4-billion excise tax assessment on the removal and export of condensates generated by the Malampaya project operations from 2005 to 2018.

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