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 … Continue reading The 3 Common Taxes that YOU need to KNOW.
The SEC Commission En Banc has already issued and approved the Guidelines on the Establishment of a One Person Corporation (OPC) under Memorandum Circular No. 7, Series of 2019. Under the Guidelines, a natural person, trust or estate may form an OPC. The “trust”, however, does not refer to a trust entity, but to the … Continue reading One Person Corporation (OPC)
For those searching for a copy of the latest, year 2016 - 2017, Statement of Management's Responsibility (SMR) for the Securities and Exchange Commission (SEC). Here it is: LETTER HEAD OF THE COMPANY STATEMENT OF MANAGEMENT’S RESPONSIBILITY _____________, 2017 The Securities and Exchange Commission SEC Building Mandaluyong City, Metro-Manila The management of … Continue reading 2017 STATEMENT OF MANAGEMENT’S RESPONSIBILITY (SMR) FOR SEC
I've been receiving quite a lot of queries on business registration abroad. Thus, this topic is for those living abroad either Filipino citizen, resident or foreigner who wanted to put up business in the Philippines. Anyhow, our company helps locals, Filipinos abroad and foreigners to start their business in the Philippines. We take note of … Continue reading Business Registration: FAQ
Technically, the long and tedious renewal of PRC license is quite over. Isn't it? Oh yes, thanks to the technology provided by the PRC Online. However, since the old fashion way of license renewal is still available, I preferred renewing it manually. I repeat, manually. So people reading this blog, this is for your manual eyes … Continue reading PRC License Renewal