Attention Corporation: Risk of paying not less than Php10,000.00 penalty on 1702Q

ATTENTION CORPORATION: There is a potentially expensive sting in the tail for pay and file taxpayers who have not yet paid & filed their 2014 second quarter corporate income tax (1702Q). Second quarter covers April, May & June 2014 and the deadline for filing is on the 28th of August or on or before 60 … Continue reading Attention Corporation: Risk of paying not less than Php10,000.00 penalty on 1702Q

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CORPORATION : BOARD OF DIRECTORS/TRUSTEES/OFFICERS

Corporate Code of the Philippines [Sec. 23-35] TITLE III : BOARD OF DIRECTORS/TRUSTEES/OFFICERS Sec. 23. The board of directors or trustees. – Unless otherwise provided in this Code, the corporate powers of all corporations formed under this Code shall be exercised, all business conducted and all property of such corporations controlled and held by the board … Continue reading CORPORATION : BOARD OF DIRECTORS/TRUSTEES/OFFICERS

How to register a NON-Stock, NON-Profit CORPORATION with the Philippines SEC

This blog is having a lot of queries on how to register a non-stock and non-profit corporation. Thus, I thought that it's about time to write one for all the readers and by passer out there. Anyhow, I tried to run a query via google search engine, and some relevant sites came up with the … Continue reading How to register a NON-Stock, NON-Profit CORPORATION with the Philippines SEC

RR 15 of 2010

Last January 21st, I posted a topic about Revenue Regualtions number 15 of 2010 (BIR RR 15-2010). Now, I would like to share a copy of the regulation for your reference. RR-15 of 2010 is all about an additional procedure and/or documentary requirements in submitting financial statements to the BIR.  For example, in addition to disclosure … Continue reading RR 15 of 2010