JPP CPA

10/08/2026

“Sir JP, grabe, sobrang dami kong open cases. Hindi naman sobrang laki ng business ko.”

“Sir JP, plano ko na sana mag-close ng business kaso ang dami ko raw penalty sa BIR.”

“Sir JP, gusto ko sana maging maayos na ang filing ko. Ang dami raw naming non-filing, tapos napadalhan na naman ako ng letter ng BIR.”

Kung ganito din ang concerns mo, baka may good news para sa’yo. Naglabas kamakailan ang BIR ng guidelines para makapag-avail ng One-Time Abatement ang mga Micro Taxpayers. Alamin kung paano.

Read: https://jppcpas.com/insights/f/one-time-abatement-of-taxes-for-micro-taxpayers https://jppcpas.com/insights/f/one-time-abatement-of-taxes-for-micro-taxpayers

“Sir JP, grabe, sobrang dami kong open cases. Hindi naman sobrang laki ng business ko.”

09/08/2026

The Bureau of Internal Revenue (BIR) has expanded the list of medicines exempt from Value-Added Tax (VAT), providing additional relief to Filipinos who rely on essential medicines for the treatment of chronic and life-threatening illnesses.

Through Revenue Memorandum Circular (RMC) No. 87-2026, the BIR published the updated list of VAT-exempt medicines endorsed by the Food and Drug Administration (FDA), pursuant to the provisions of Republic Act No. 10963, or the TRAIN Law, and Republic Act No. 11534, or the CREATE Act.

The latest issuance increases the number of VAT-exempt medicines to 2,277, including 14 newly added medicines.

Read:

The Bureau of Internal Revenue (BIR) has expanded the list of medicines exempt from Value-Added Tax (VAT), providing additional relief to Filipinos who rely on essential medicines for the treatment of chronic and life-th...

07/08/2026

06/08/2026

August 2026 | BIR Tax Deadlines

28/07/2026

Start your internship journey with JPP CPA! Join our internship program, gain practical experience, and learn from a growing team of professional accountants in Central Luzon.

Visit https://jppcpas.com/internship-opportunities to learn more and apply today!

09/07/2026

July 2026 | BIR Tax Deadlines

07/07/2026

"Okay, you're here because you've heard that, as a lessor, you're required to file a Lessee Information Sheet (LIS) with the BIR. But what exactly is it? Who is required to file it? What information do you need to prepare, and how do you actually file it?"

"If those are the questions running through your mind, you're in the right place. In this article, we'll walk through the basics of the LIS under RR No. 12-2011, including who needs to file, the filing deadlines, the documentary requirements, and a few practical tips to make compliance easier."

Read:

Okay, you're here because you've heard that, as a lessor, you're required to file a Lessee Information Sheet (LIS) with the BIR. But what exactly is it? Who is required to file it? What information do you need to prepare...

06/07/2026

"I recently had the opportunity to serve as tax consultant for a stock corporation hospital. As expected, the engagement led me to revisit the tax rules applicable to hospitals, particularly on income tax and VAT. Although the tax treatment of hospitals is not overly complicated, it can become confusing because different types of hospitals are subject to different tax rules, and not all hospital transactions are automatically exempt from VAT."

"For purposes of this discussion, I have summarized the fundamental rules that I found myself revisiting during the engagement, with the hope that this will also serve as a practical reference for our team in future hospital-related engagements."

Read: https://jppcpas.com/insights/f/revisiting-the-taxation-of-hospitals

Every now and then, I find it useful to revisit certain areas of taxation and reduce them into a short reference material that my team and I can easily pull out whenever the need arises. This article is one of those chea...

02/07/2026

"As the title suggests, output VAT is not yours in the first place."

"This is one of the concepts I always emphasize to my clients, employees, and students: the output VAT you collect does not belong to your business. It is not additional revenue, nor is it extra cash that you can freely spend. It is simply money passing through your hands before it eventually goes to the government."

Read: https://jppcpas.com/insights/f/output-vat-is-not-yours-in-the-first-place https://share.google/hzHrZ6nmuzKsnY3ZB

As the title suggests, output VAT is not yours in the first place.

25/06/2026

Tax Associates Nerissa M. Bulagsak and Daisy B. Malaca attended the seminar entitled Mastering Corporate Income Tax and Value-Added Tax (VAT) held at the PICPA Building in Mandaluyong City on June 25, 2026, as part of the Firm's personnel development program. The seminar was facilitated by the Philippine Institute of Certified Public Accountants (PICPA) and was conducted by Mr. John Paulo Garcia, Senior Manager of Tax Advisory and Compliance at P&A Grant Thornton.