The Philippines’ recent tax reform policies have caused massive waves of changes to the entire country. While the newly implemented taxation system delivered additional tax duties to products and other types of services, it also offered a tax relief for the majority of employees … [Read more...]
TRAIN: What You Need to Know about the Tax Policies for Estate Tax and Real Estate Property
The early part of 2018 marked a monumental event in the Philippine taxation system’s history after the president approved and implemented the first of the many packages that are set to promote socioeconomic transformation in the country: the Tax Reform for Acceleration and … [Read more...]
TRAIN: What are Included in The Philippine Tax Reform That Will Be Implemented in 2018?
One of the most important sources of a nation’s revenue comes from taxes - and achieving a highly strategic taxation system can make a huge difference especially for developing countries and emerging economies like the Philippines. It was only recently when President Rodrigo … [Read more...]
The Philippines Wants to Build a “City of the Future,” What Can We Expect from “Smart Cities?”
Imagine a city of the future, with rising skyscrapers, smart everything and the latest and best technology available. This is the Philippines’ plan for a new smart city they are building called New Clark City. The goal is to help reduce congestion in crowded Manila and push more … [Read more...]
Train Law: What We Need to Know on Tax Payments of a Real Estate Property (Infographics)
Early this year, the Philippines government has enacted the Tax Reform for Acceleration and Inclusion (TRAIN) law – a reform initiative that is said to be instrumental to the poverty-reduction and economic development goals of the country. This newly-implemented law has a far and … [Read more...]
SEC Guidelines and Deadline for Filing Financial Statements in 2017
Section 141 of the Corporation Code of the Philippines requires a Corporation, lawfully doing business in the Philippines, to submit to the Securities and Exchange Commission (SEC) an annual report of its operations, together with a financial statement of its assets and … [Read more...]
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