If you are running a small business in the Philippines—whether it’s a neighborhood bakery, a local handicraft shop, or an online retail store—every peso counts. To help small businesses survive and thrive, the government enacted the Barangay Micro Business Enterprise (BMBE) Law (Republic Act No. 9178). Despite the massive benefits...
We make resolutions at the beginning of each year—promises to break bad behaviors. Most of the time, those resolutions are discreetly carried over from one year to the next, recycled, and put off. This tendency has also affected Philippine tax policy. Due to inflationary pressures and growing living expenses, it...
Introduction to BIR RR No. 29-2025 The Bureau of Internal Revenue (BIR) Revenue Regulation No. 29-2025 is critical for business owners in the Philippines as it brings forth essential guidelines on the non-taxable allowance. This regulation aims to provide clarity on what constitutes deminimis benefits, emphasizing their importance in fostering...
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