top of page

Enjoy your afternoon cup of coffee with our fun and informative
Tax Breaks and Updates
Search


FREE LEGAL SERVICES are Allowable Deduction for Lawyers
Republic Act No. 9999, otherwise known as the "Free Legal Assistance Act of 2010", aimed to provide free legal assistance to the poor in...
Vibar Peña & Associates
Sep 20, 20222 min read


Discounts on Real Property Tax
Did you know that if the full amount of Real Property Tax is paid within January or earlier, taxpayers are given up to 20% discount?
Vibar Peña & Associates
Jan 11, 20211 min read


Calendar Year vs Fiscal Year
Did you know that there are taxpayers who are REQUIRED to adopt the calendar year accounting period? --- In general, the taxable income...
Vibar Peña & Associates
Dec 28, 20201 min read


Employee Tax Refund
Aside from the 13th month pay, Christmas bonus and hamon, some employees are waiting for their tax refunds before the year ends or early...
Vibar Peña & Associates
Dec 14, 20202 min read


Excited ka na ba sa 13th month pay mo?
Uy excited ka na ba sa 13th month pay mo? Ibawas mo muna yung tax bago mo ubusin sa shopping list mo Remember that if your 13th month...
Vibar Peña & Associates
Nov 23, 20201 min read


Are losses due to typhoons deductible?
Did you know that casualty losses (on properties used in business) may be deducted as a valid expense from the gross income? To be...
Vibar Peña & Associates
Nov 16, 20202 min read


You don’t need a PTR to secure a BIR registration
WHAT IS PROFESSIONAL TAX AND WHO MAY BE REQUIRED TO PAY? Every person legally authorized to practice his profession (those requiring...
Vibar Peña & Associates
Oct 5, 20202 min read


Separation pay from retrenchment is non-taxable
Due to the on-going community quarantine, most businesses had to stop their operations thereby incurring losses. Some enterprises...
Vibar Peña & Associates
Sep 28, 20202 min read


Is my Christmas Bonus and benefits taxable?
With just 95 days before Christmas, we're giving you a lighter Tax Break this Monday. Besides the 13th Month Pay and Christmas Bonus,...
Vibar Peña & Associates
Sep 21, 20201 min read


Bayanihan to Recover as One (Bayanihan 2)
Incurring business losses this year? With BAYANIHAN 2 you can claim them as expense in the next 5 years. --- The Bayanihan to Heal as One...
Vibar Peña & Associates
Sep 7, 20202 min read


Drugs and medicine for diabetes, high cholesterol and hypertension are VAT Exempt
Did you know that under the 2018 TRAIN Law, starting January 1, 2019, the sale of drugs and medicine prescribed for the treatment and/or...
Vibar Peña & Associates
Aug 24, 20201 min read


Income tax exemption for BMBE
How can I apply my business for income tax exemption? --- Last week, we mentioned that BMBE certification is a tax relief available to...
Vibar Peña & Associates
Aug 10, 20201 min read


Tax exemptions for small and medium enterprises (SMEs)
There are several tax breaks that small and medium enterprises (SMEs) can avail of. --- Due to travel restrictions, the volume of online...
Vibar Peña & Associates
Aug 3, 20202 min read


BIR Issuances: RR vs RMC vs RMO
We usually hear or see these different revenue issuances from the BIR, but, do you know their DIFFERENCE? Revenue Regulations (RRs) are...
Vibar Peña & Associates
Jul 27, 20201 min read


Tax refund for tourists in other countries?
From travel tax, let's move to the best part of every trip - SHOPPING! Did you know that a tax refund is available to tourists in other...
Vibar Peña & Associates
Jul 20, 20201 min read


Travel Tax in the Philippines
Considering that the IATF already lifted the non-essential travel ban to Filipinos last July 7, 2020, we are sharing with you a trivia...
Vibar Peña & Associates
Jul 13, 20201 min read


The BIR Commissioner was first referred as "Collector"
Did you know that the head of the Bureau of Internal Revenue (BIR) was first referred as "Collector"? In 1904, the BIR was formally...
Vibar Peña & Associates
Jul 6, 20201 min read


Are wedding gifts taxable?
Just a little over a week and June is almost off the calendar but we haven't heard much of wedding bells, right? So, we're bringing a...
Vibar Peña & Associates
Jun 22, 20201 min read


Happy Independence Day! Facts about your Cedula (CTC)
Happy Independence Day! To commemorate this day, we are setting you FREE of your questions about Cedula. Yes, yung pinunit nila Andres...
Vibar Peña & Associates
Jun 12, 20201 min read


I have to pay tax when flushing the toilet?
I have to pay tax when flushing the toilet? Yes, but that's in Maryland USA. In 2004, the government charges taxes for toilet flushing...
Vibar Peña & Associates
Jun 1, 20201 min read
bottom of page