BIR Tightens Rules on Documentary Stamp Tax Compliance
Bureau of Internal Revenue (BIR) has issued new guidelines that modifies how taxpayers comply with documentary stamp tax (DST) obligations under the Enhanced Electronic Documentary Stamp Tax (eDST) System. Through Revenue Memorandum Circular (RMC) No. 107‑2026, published on October 1, 2026, the BIR clarified enrollment procedures, system usage requirements, safeguards for erroneous affixations, and protocols […]
Unemployment Rate Dropped to 5.3% in August
The jobless rate of 5.3 percent translates to 2.77 million unemployed Filipinos; and in August, 470,000 were absorbed into employment, while 427,000 remained unemployed. This is according to the Philippine Statistics Authority, which has studied and analyzed the causality of the employment rates in the country. Comparing the Rate to Last Year: Philippine Statistics Authority […]