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How Far Back Can the BIR Audit Your Business? Understanding the Prescriptive Period in the Philippines

Executive SummaryCan the Bureau of Internal Revenue (BIR) audit your business for taxes from five or even ten years ago?The ...
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Can the BIR Audit a Company More Than Once for the Same Taxable Year? Understanding the One-Time Audit Rule

Generally, a company should not be subjected to multiple regular tax audits covering the same taxable year. However, certain exceptions are allowed under Philippine tax laws. Section 235 of the ...
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What Are Your Rights During a BIR Tax Audit? A Guide for Business Owners

Receiving a tax audit notice from the Bureau of Internal Revenue (BIR) can be stressful for business owners. An audit may involve reviewing financial statements, examining accounting records, checking ...
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BIR Suspends Mandatory Registration Seal Badge Display Until Further Notice: What Online Businesses Need to Know

The Bureau of Internal Revenue (BIR) has announced an important update for businesses operating through online platforms. Under Revenue Memorandum Circular (RMC) No. 113-2026, dated October 26, 2026, ...
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Can BIR Revenue Officers Examine All Your Business Records? Know the Limits of Their Authority

When the Bureau of Internal Revenue (BIR) conducts a tax audit, business owners may be required to present accounting books, financial statements, invoices, tax returns, and other supporting documents ...