Category: Bong Corpuz
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How to Secure a Personal TIN in the Philippines: A Quick Guide for Individuals
If you’re planning to work, start a business, or simply comply with financial or legal requirements in the Philippines, one essential document you’ll need is a Taxpayer Identification Number (TIN). Whether you’re a fresh graduate, a freelancer, or transitioning to formal employment, securing a TIN is a must. This guide will walk you through how
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How to Handle Local Market Purchases Without Official Receipts and Still Stay BIR-Compliant
When you’re running a small business, every peso counts. That’s why many entrepreneurs and local business owners choose to buy raw materials from their local market instead of formal suppliers. The prices are significantly cheaper, and for good reason. Most of these local market vendors operate informally, which means they don’t issue official BIR-registered receipts.
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CMEPA 101: What Savers and CPAs Need to Know About the New 2025 Deposit Tax
There has been growing public discussion, and some confusion, surrounding the recent changes in the taxation of deposit interest income under the Capital Markets Efficiency Promotion Act (CMEPA) or Republic Act No. 12214. As finance and tax professionals, it’s important to understand these changes based on actual provisions of the law and regulatory issuances, rather
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Getting Through a Pandemic is Tough, Doing Taxes Alone Doesn’t Make It Easier.
Even with the challenges brought by the Coronavirus, tax deadlines are still very real. While some dates may have been extended, they’re still coming, and fast. Are you keeping up with your tax compliance? Or still trying to handle it all by yourself? You can check the updated tax filing and payment deadlines on the
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An Economic Overview of the Philippines Post-COVID-19
As the Philippines continues to navigate the effects of the COVID-19 pandemic, recent economic indicators suggest a mixed, and at times contradictory, picture of the country’s financial health. While the Philippine Stock Exchange Index (PSEi) remained resilient around the 6,297.78 level during this period, key economic fundamentals paint a less optimistic story. The Employment Crisis
Bong Corpuz & Co. CPAs 