The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 107-2025, dated Nov. 24, 2025, ordering the ...
On November 16, 2022, the IRS released a long-awaited update to the procedure for large corporate taxpayers and large partnerships under continuous audit to obtain Qualified Amended Return (QAR) ...
The Public Company Accounting Oversight Board has released a new alert from the PCAOB staff warning auditors about deficiencies that have been seen in audits of revenue figures. The Staff Audit ...
The Department of Finance (DOF) on Monday announced the immediate and temporary suspension of all Bureau of Internal Revenue ...
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Business groups back suspension of tax field audits
Business groups are in favor of the suspension of all field audits of the Bureau of the Internal Revenue (BIR), amid concerns ...
Almost every self employed business person will at some stage be selected for a Revenue audit. In these difficult economic times, with pressure on exchequer revenues, it is likely that we can expect ...
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