The Philippine government has expanded the scope of Value-Added Tax (VAT) to cover digital services consumed in the country. With the implementation of Republic Act No. 12023 and its accompanying regulations, both local and foreign digital service providers face new compliance obligations. Whether your business provides digital services or purchases them from foreign providers, understanding […]
With the lifting of the audit suspension in January 2026 (RMC No. 8-2026), foreign corporations must be aware of the new “Single-Instance Audit Framework.” Key 2026 Audit Reforms The Audit Process Flow Summary of 2026 Deadlines Step Task Agency Typical Deadline (2026) 1 Business Permit Renewal LGU Jan 20 2 & 3 Annual Income Tax
Entering the dynamic Philippine market is an exciting strategic move for any foreign investor. However, once established, the real challenge begins: ensuring continuous compliance with local regulations. The penalties for falling behind can be steep, ranging from substantial fines to the revocation of your operating license. As we move through 2026, the regulatory landscape—led by
