LTFRB Imposes Fair Fares, Caps Online Taxi Booking Fees
The LTFRB has imposed a maximum ₱60 cap on booking fees for app‑based taxis in the Philippines, aiming to protect commuters from inconsistent and excessive charges. LTFRB’s New Cap Rule On July 18, 2026, the Land Transportation Franchising and Regulatory Board (LTFRB) issued Memorandum Circular 2026‑055, capping booking or platform fees for app‑booked taxis at 20% […]
BIR Simplifies Property Transfers, Registrations
The Bureau of Internal Revenue (BIR) has simplified property transfer taxation through Revenue Memorandum Circular (RMC) No. 75‑2026, streamlining the issuance of the electronic Certificate Authorizing Registration (eCAR) and clarifying rules for one‑time transactions such as property sales, donations, and inheritance. The new reform reduces processing times, eliminates outdated manual certificates, and aligns with the Ease of Paying Taxes Act (EOPT) or Republic […]