There are two basic types of taxes in the Philippines, namely, national and local taxes. National taxes are what we pay to the government through the Bureau of Internal Revenue. This includes income tax, Value Added Tax (VAT), percentage tax, excise tax, estate tax, donor’s tax, … [Read more...]
The Tax Code of the Philippines (National Internal Revenue Code of 1997)
Taxes have already existed since the ancient times. Tax is the lifeblood of nations and governments. Without tax revenues or collections, a democratic republic country like the Philippines will have no money to fund its national expenditures, such as public infrastructures … [Read more...]
The Corporation Code of the Philippines
The law regulates and places everything it covers in order. This is also true in the business and corporate world. If you are a proprietor or a partner who is planning to incorporate your business, you have to learn the corresponding laws that govern and regulate corporations. … [Read more...]
October 2012 CPA Board Exam Results and List of Passers
Update as of October 15, 2012: The official results have been officially released by the PRC! Please see the Roll of Successful Examinees in the October 2012 CPA Licensure Examination below: Previous post as of October 14, 2012: Sunday, October 14, 2012, is the last day of the … [Read more...]
How to Start a Money Remittance Business in the Philippines
Money remittance, money transfer, or fund transfer services can be provided by banks, private remittance companies, and other remittance agents. But for the purpose of this article and considering that banks and quasi-banking companies are costly and difficult to establish, we … [Read more...]
How to Start a Money Changer Business in the Philippines
Establishing and operating a “money changer” business can be a profitable venture. It caters a wide market composed of tourists from other countries who need our local currency to do transactions in our country, Filipinos who are travelling abroad and need to exchange their pesos … [Read more...]
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