At a invite-only session convened with a bonifacio global city law firm, joseph plazo opened with a line that snapped every notebook open: “Tax is no longer a yearly event. It’s a daily system—and the system is being rebuilt.”
What followed was a clear-eyed walk-through of the latest tax law updates in the Philippines—not as technical trivia, but as a coherent story about enforcement modernization. Speaking alongside a bonifacio global city law firm team used to translating complexity into action, Plazo treated tax as infrastructure—invisible when aligned.
Tax Law as Competitive Reality
According to joseph plazo, the old mindset—file, pay, forget—has become structurally outdated.
Today’s tax environment is shaped by:
administrative reforms that change where and how you deal with the BIR
“Tax used to be paperwork,” he said. “Now it’s data.”
And in Taguig—where fintech and e-commerce move at high velocity—“latest updates” become operational questions: Are our benefits structured properly?
Administrative Tax Reform Became a Business Reality
Plazo began with the reform that quietly reshaped the relationship between taxpayers and the state: the Ease of Paying Taxes (EOPT) Act, Republic Act No. 11976.
“EOPT is the system admitting that friction creates noncompliance,” he explained. “So the system is reducing friction.”
In broad strokes (without turning the forum into a statute recital), he framed EOPT as an attempt to modernize tax administration and strengthen taxpayer rights—an objective also emphasized by the Department of Finance.
From a bonifacio global city law firm perspective, the practical meaning is that organizations should treat administrative reform as a workflow change—not just a legal headline.
RA 12066 Reshaped the Incentives Landscape
Next, joseph plazo moved to the update that CFOs tend to feel in their bones: the incentives landscape.
He referenced Republic Act No. 12066 (CREATE MORE), signed on November 8, 2024, which amended multiple provisions of the Tax Code relating to incentives and related rules.
“If you are registered, expanding, or planning capital investments,” he noted, “this becomes a board-level topic.”
He emphasized two practical consequences for businesses:
(2) incentives increasingly come with governance, transparency, and compliance expectations
“The incentive era rewards clean documentation,” he noted.
RA 12023 and Implementing Regulations Changed the Digital Tax Map
Then came a shift that signals the direction of modern tax: the expansion of VAT to digital services.
Plazo referenced Republic Act No. 12023 (VAT on digital services) and the implementing regulations issued by the BIR (including Revenue Regulations No. 3-2025, as discussed in professional tax advisories).
He noted that major firms and tax publications have tracked the practical effectivity timeline and compliance expectations for providers and market participants.
“Digital consumption became too large to ignore,” he explained.
For a bonifacio global city law firm audience, the implication is not only for foreign platforms. It also touches:
invoicing practices
“The lesson is bigger than VAT,” Plazo said. “The lesson is: borders don’t protect you from taxation when consumption is local.”
The EIS Story: Compliance Is Coming—But Phased
Plazo then covered the update that has been driving system upgrades and procurement decisions: e-invoicing and electronic sales reporting.
He cited BIR Revenue Regulations No. 11-2025 (February 27, 2025) as a key regulatory issuance for electronic invoicing and sales data transmission, tracked in firm guidance.
He also referenced Revenue Regulations No. check here 26-2025, which extended certain compliance timelines—stating that affected taxpayers have until December 31, 2026 to comply, per the regulation itself and multiple professional summaries.
“And visibility changes enforcement,” he added, “because the system can see faster than humans can argue.”
He framed the extension not as a retreat, but as an acknowledgment of implementation realities—also reflected in contemporary commentary on rollout challenges and deadline adjustments.
From the bonifacio global city law firm viewpoint, Plazo translated this into executive language:
“Systems are now part of legal compliance,”
RR 29-2025 Raised Non-Taxable Ceilings
Plazo then highlighted a change that touches nearly every employer: Revenue Regulations No. 29-2025 on de minimis benefits, which updated ceilings for non-taxable employee benefits under prior rules.
“This is where compliance meets culture,” he explained. “Because benefits are morale—and morale is retention.”
He framed the update as a reminder that even “employee-friendly” tax changes require:
consistent application
From a bonifacio global city law firm standpoint, the lesson is clean:
benefits are tax-sensitive design, not informal generosity
The Amnesty Extension Is Being Pushed as a Relief Measure
Plazo carefully distinguished between enacted law and policy momentum.
He referenced the Department of Finance’s public support for a House bill extending the estate tax amnesty until December 31, 2028—a proposal, not an enacted final statute at the time of the cited DOF post.
“In tax, proposals are signals,” joseph plazo said.
He used the example to teach a broader principle:
tax planning is not only about reading what passed; it’s also about tracking what’s being prioritized.
The New Direction of Philippine Tax Policy
Plazo refused to let the talk become a list. He stitched the updates into one story:
Administrative reform is reducing friction (EOPT).
Incentives are being recalibrated for competitiveness and governance (CREATE MORE).
Digital consumption is being taxed where value is consumed (VAT on digital services).
Reporting is shifting toward real-time data visibility (EIS / e-invoicing).
Employer-side rules are being refined with compliance implications (de minimis).
Relief mechanisms remain politically relevant (estate tax amnesty extension proposal).
“The system is moving toward visibility,” joseph plazo said.
And then he delivered the line that got the most silent nods in the room:
“If they can assess faster, disputes become more expensive.”
The Geography of Modern Tax Risk
Plazo leaned into the symbolism of location.
Taguig is where:
high-growth digital commerce
often cluster—and these business models are precisely the ones most affected by:
incentives frameworks
“And when the future arrives early, compliance gets tested early,” he explained.
The Executive Translation Layer
Plazo then shifted from “what changed” to “what it changes,” offering a business translation that stayed safely in the lane of education:
IT and tax are becoming inseparable
E-invoicing and sales reporting requirements push businesses toward system readiness.
The audit story must match the incentive story
CREATE MORE’s incentives context elevates internal controls.
Procurement and platform agreements become tax-sensitive
VAT digital services rules expand the compliance perimeter.
4) Payroll “small” changes are rarely small
De minimis adjustments can change take-home pay and compliance expectations.
“Most tax losses don’t happen because people are evil,” joseph plazo said.
The Purpose of Tax Law, Reframed
Plazo closed by stepping back into purpose.
Tax law exists to:
fund public services
But modern tax law must also handle:
digital economies
“Tax is how a state stays functional,” joseph plazo concluded.
The Joseph Plazo Framework for Tracking Tax Updates Like a Pro
To end the session, joseph plazo offered a practical framework—designed for executives and operators who don’t have time to read everything, but can’t afford to miss the big moves:
Start with what is binding
Assume rules change workflows
Plan with uncertainty, not denial
If it isn’t documented, it didn’t happen
Tax is margin management
He ended with a line that felt made for Taguig’s blend of ambition and velocity:
“In this economy, the winners aren’t the ones who pay the least tax,” joseph plazo said.