[E-05] From The 1980s-1990s Tax Reforms To RA 8424: How the Modern NIRC Emerged
[E-05] FROM THE 1980s–1990s TAX REFORMS TO RA 8424: HOW THE MODERN NIRC EMERGED Tax Code Evolution Series No. 5 In the previous article, we saw how PD 1158 created the National Internal Revenue Code of 1977 through another major consolidation and codification of Philippine internal revenue laws. But the 1977 NIRC did not remain […]
[E-04] From CA 466 To PD 1158: Why the 1977 NIRC Was Another Recodification
[E-04] FROM CA 466 TO PD 1158: WHY THE 1977 NIRC WAS ANOTHER MAJOR RECODIFICATION Tax Code Evolution Series No. 4 In the previous article, we saw how Commonwealth Act No. 466 became the first codification of the Philippine internal revenue laws in 1939. But codification did not freeze the tax system. For almost four […]
[E-03] The Commonwealth Tax Code: How CA 466 Became the National Internal Revenue Code
[E-03] THE COMMONWEALTH TAX CODE: HOW CA 466 BECAME THE NATIONAL INTERNAL REVENUE CODE Tax Code Evolution Series No. 3 If Act No. 1189 was an important beginning and Act No. 2339 represented an early revision and consolidation, what came next? The answer is Commonwealth Act No. 466. And this is where the phrase “National […]
[E-02] From Act No. 1189 to Act No. 2339: How Philippine Internal Revenue Law Started To Evolve
[E-02] FROM ACT NO. 1189 TO ACT NO. 2339: HOW PHILIPPINE INTERNAL REVENUE LAW STARTED TO EVOLVE Tax Code Evolution Series No. 2 If you think Philippine tax law began with one Tax Code and stayed essentially the same, history tells a different story. The Philippine internal revenue system was already changing within its first […]
[E-01] Before the NIRC: Where Did Philippine Tax Law Begin?
[E-01] BEFORE THE NIRC: WHERE DID PHILIPPINE TAX LAW BEGIN? Tax Code Evolution Series No. 1 When we talk about Philippine tax law today, we usually start with the National Internal Revenue Code (NIRC). We look at the applicable section.We check the latest Revenue Regulation.We search for the latest BIR issuance.We look at what the […]
What Your Books Should Tell You About Your Business
What Your Books Should Tell You About Your Business Bookkeeping and Business Systems Your accounting records should do more than help you prepare tax returns. When properly maintained and reviewed, they can help you understand where your business stands, identify issues early, and make more informed decisions. Below is a full draft for your WordPress […]
Why Good Documentation Matters in a Tax Audit and Investigation
Why Good Documentation Matters in a Tax Audit and Investigation Tax Audit & Compliance Introduction: Your Records Should Tell the Story of Your Business Imagine receiving a BIR notice asking your business to explain a particular sale, purchase, expense, or tax treatment. You know the transaction happened. It appears in your accounting records. Your tax […]
What Every Business Owner Should Know About BIR Compliance
What Every Business Owner Should Know About BIR Compliance Tax & BIR BIR compliance is more than filing tax returns and paying taxes. It involves a continuing system of registration, invoicing, bookkeeping, documentation, filing, payment, and recordkeeping throughout the life of the business. For many business owners, tax compliance is something they think about only […]