Category: My Business
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New PEZA VAT Rules: Are Your Purchases Still Zero-Rated?
he Philippine Economic Zone Authority (PEZA) Memorandum Circular No. 2025-052
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Your Sales Define Your Status: Know Your BIR Business Category
Think your business size only matters to clients? The BIR thinks otherwise. Under the new Ease of Paying Taxes Act (Republic Act No. 11976), your annual sales now determine your official classification, and the tax benefits that come with it. Your business size isn’t just a label, it directly affects how you comply, file, and
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The Little-Known 30% Rule That Can Turn a Simple Error Into Tax Fraud
Think a small “adjustment” on your tax return won’t hurt? Think again. Every year, countless business owners unknowingly cross a silent red line in the Tax Code, a line that can instantly turn an ordinary tax return into prima facie evidence of fraud. Meet the 30% Rule. If you under-declare your income or sales by
Bong Corpuz & Co. CPAs 