ACROSS the ASEAN+3 region (comprising 10 members of the ASEAN and China; Hong Kong, China; Japan; and Korea), governments are facing mounting pressure to raise revenue.

On September 21, thousands of Filipinos poured into the streets to protest what they perceived as systemic corruption in the government. Their message was unambiguous. Every peso siphoned off through ...

Law proposes reducing the progressive tax brackets from seven to five, while maintaining the highest tax rate at 35 percent ...

PHILIPPINE ECONOMIC GROWTH is expected to moderate this year and in 2026 amid ongoing trade uncertainties and geopolitical tensions across the globe, the International Monetary Fund (IMF) said.

In a general legal advice memorandum dated September 8, 2025, with a release date of September 19 (the “GLAM”),1 the Chief Counsel’s office of the Internal Revenue Service (“IRS”) addressed the ...

A new bill filed by three lawmakers seeks to significantly raise the excise tax on sugar-sweetened beverages (SSBs), including 3-in-1 coffee and flavored milk, in their bid, they say, to protect the ...

Ship managers are backing the International Maritime Organization’s decarbonisation plans in the belief they could help ...

The Philippine economy is expected to remain resilient, despite losing some momentum amid external headwinds, growing by 5.4 percent in 2025 before accelerating modestly to 5.7 percent next year.

If you believe in Assessor records, the oldest building in the city is over 350 years old. But is it really? Why it's tricky ...

The Advance Pricing Agreement (APA) process serves as a vital tool for taxpayers and tax authorities alike, providing a framework for establishing fair pricing in related party transactions. The ...

The convening of the 20th Congress offers a vital opportunity to address long-standing social and economic inequities in the Philippines. At a time when public trust in institutions remains fragile, ...