What Counts as an Allowable Business Expense?

The Bureau of Internal Revenue (BIR) provides clarification on what qualifies as an allowable or deductible business expense for tax purposes. For many businesses and professionals, determining which expenses can legally reduce taxable income can be confusing. RMC No. 81-2025 reiterates that only expenses that are ordinary, necessary, reasonable, and directly related to the operation […]

The Evolution of De Minimis Benefits: An Analysis of RR No. 29-2025

Executive Summary The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 29-2025,introducing significant updates to the ceilings of De Minimis benefits. These adjustmentsrespond to current economic conditions and the rising cost of living, aiming to provideemployees with better financial support without increasing their tax burden. Legal Basis and Definition Statutory Authority: De […]

Doing Business Guide in the Philippines 2024

The “Doing Business Guide in the Philippines” by De Guzman, Pascual & Associates provides essential insights into the country’s economic landscape, regulatory framework, and business environment. It covers key areas such as business registration, taxation, labor laws, and local business culture, offering valuable guidance for entrepreneurs and investors looking to succeed in the Philippine market.