Category: Duterte

  • Getting Through a Pandemic is Tough, Doing Taxes Alone Doesn’t Make It Easier.

    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

    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

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  • Know Your Rights: How the BIR Should Properly Serve Tax Notices

    Know Your Rights: How the BIR Should Properly Serve Tax Notices

    The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order (RMO) No. 40-2019, which sets clear procedures for the proper service of assessment notices, in accordance with Section 3.1.6 of Revenue Regulations No. 18-2013. This RMO aims to ensure due process in delivering the following BIR notices: How Does This Affect Taxpayers? According to

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  • Planning to Work in the Philippines as a Foreign National? Here’s What You Need to Know

    Planning to Work in the Philippines as a Foreign National? Here’s What You Need to Know

    If you’re a foreign national looking to work in the Philippines, it’s essential to be aware of the updated requirements and permits that govern foreign employment in the country. Key Work Permits for Foreign Nationals: Important Tax Compliance Notice The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order No. 28-2019 to outline the policies

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  • The 3 Common Taxes that YOU need to KNOW.

    The common Taxes, applicable to taxpayer, that you need to know are (1) Value Added Tax (VAT) or Percentage Tax (PT), (2) Expanded Withholding Tax (EWT), and (3) Income Tax. However, additional taxes may apply if there are related transactions such as the following: (1) Withholding Tax on Compensation (WTC) or most commonly know as

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