Accounting and Tax Filing

In November, 2020, the Senate passed SB 1357, or the CREATE bill (Corporate Recovery and Tax Incentives for Enterprises Act), a new proposed law that calls for sweeping changes in

As a business owner, it’s important to understand the Bureau of Internal Revenue’s (BIR) Form 2303 and how necessary it is for your business’ operations. First things first, what is

All companies opening a business in the Philippines are subject to corporate income tax. Knowing which taxes can impact on your company will help you create a better business structure

Buiness Process Outsourcing (BPO) revenue in the Philippines is expected to grow 9% each year until 2022. Although the country is primarily known for voice services, it is also sought

President Rodrigo Duterte signed the Tax Amnesty Act for Delinquent Payers (Republic Act No. 11213) on February 14, 2019. The law took effect on March 2, 2019, allowing Filipino taxpayers

In November 2018, the senate approved the Tax Amnesty Bill, which is designed to generate at least P36 billion in revenue that could fund the numerous subsidies from the government.

Non-residents who are engaged in business or a trade and are receiving income from sources within the Philippines are required to file an income tax return covering income from the

The Bureau of Internal Revenue’s RR No. 8-2018 consists of guidelines and provisions on how income taxes for mixed income earners are computed under the Republic Act (RA) No. 10963,

As we enter the fifth month since Republic Act No. 10963 (TRAIN Law) was implemented, the Bureau of Internal Revenue (BIR) released RR No. 11-2018 to establish several amendments implemented

Local business taxes are one legal aspect that you need to become familiar with if you’re starting a business in the Philippines. Republic Act 7160 or The Local Government Code