The Philippine legal system is a complex and coherent structure grounded in a combination of civil law traditions and common law influences. It operates under the framework of the 1987 Constitution, which serves as the supreme law of the land. The legal system is designed to … [Read more...]
The Basics Of Social Security System (SSS) That You Need To Know
The Philippines’ Social Security System (SSS) is a government-run program that provides social insurance for workers belonging to the private sector. Additionally, SSS also caters to professionals and other members of the informal sectors. By the virtue of the country’s Republic … [Read more...]
7 Things Workers Should Know about the New TRAIN Law
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...]
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...]
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