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...]
BIR Form 2316: What Employers and Employees Should Know
BIR Form 2316 or Certificate of Compensation Payment / Tax Withheld For Compensation Payment is a certificate issued by the employer to all employees receiving salaries, wages, and other forms of remuneration during the calendar year. It contains the total amount paid by the … [Read more...]
3 Years after Haiyan, Eastern Visayas is Set to Accelerate Digital Economy
Considered as the biggest gathering of champions of the information and communication technology (ICT) industry in the Philippines, the 8th National ICT Summit is set to be held in Eastern Visayas, more specifically in Palo, Leyte and is expected to join together both public and … [Read more...]
What Businesses Should Know about the No Shortchanging Act (Republic Act 10909)
Operating a business in a country such as the Philippines can be quite interesting not only because of the diversity of the market but also with the corresponding traditions that affect how you run your establishments. One of this traditions which is a peculiar practice in the … [Read more...]
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