Stay Updated: BIR Extends Deadline for Digital VAT Registration

At Balagot & Emperado CPA’s Co., we make it our mission to keep our clients informed of the latest tax regulations that impact their business. One of the most recent developments involves the Bureau of Internal Revenue's (BIR) updated guidelines for non-resident digital service providers (NRDSPs). The BIR has extended the registration deadline for foreign digital platforms subject to the 12% VAT on digital services in the Philippines.

This update is crucial for businesses that subscribe to, partner with, or operate digital platforms abroad, as it may affect tax responsibilities and compliance procedures moving forward.

Read the full article here:

Should you need assistance understanding how this update may affect your company, don’t hesitate to reach out to our team at Balagot & Emperado CPA’s Co. — your trusted partner in tax and financial compliance.

New BIR Audit Thresholds: Is Your Business at Risk?

At Balagot & Emperado CPA’s Co., we stay ahead of regulatory updates to help our clients navigate changes that impact their compliance and operations. The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Order No. 07‑2025, which updates the gross sales thresholds that may trigger audits in selected regions across the country.

This adjustment means that businesses operating near or just below previous limits may now face increased audit exposure, making proper documentation, reporting, and planning more important than ever.

If your company’s financial activity is close to these new thresholds, it’s time to reassess your risk.

Read the full article here:

For tailored support in preparing for possible audits or reviewing your financial standing, don’t hesitate to contact Balagot & Emperado CPA’s Co. — we’re here to guide your business every step of the way.