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Enjoy your afternoon cup of coffee with our fun and informative
Tax Breaks and Updates
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CREATE, GUIDE, FIST
Last Monday, we talked about the salient tax features of BAYANIHAN 2 which was also signed into law in the same week. This afternoon...
Vibar Peña & Associates
Sep 14, 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
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