05 Nov
Business, Contracts

Legally Designed: Why Licensed Architects are Key to your Building projects

As we honor your contributions, we also want to emphasize the importance of engaging licensed architects to ensure compliance with legal standards. Remember, only registered professionals can prepare, sign, and seal architectural documents, safeguarding not just your projects but also your investments. Thank you for your hard work and commitment to excellence!

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09 Sep
Business

SEC Filing Requirements and Penalty Updates for Philippine Corporations in 2024

In 2024, staying compliant with the SEC’s updated regulations is more crucial than ever for corporations in the Philippines. With mandatory eFAST submissions and increased penalties for late filings, it’s essential to understand your obligations and act promptly. From the timely submission of your General Information Sheet to the accurate filing of your Audited Financial Statements, our latest guide breaks down everything you need to know to stay ahead of the curve.

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04 Apr
Business, Environment

Promoting a Green Economy through Green Tax Incentives

In 2016, the Philippines took a significant step towards sustainable development with the passage of Republic Act No. 10771 or the Philippine Green Jobs Act. This groundbreaking legislation promotes the creation of green jobs by providing tax incentives to businesses which contribute to environmental sustainability in economic development.

In line with this, the Bureau of Internal Revenue (BIR) issued Revenue Regulation 05-2019 specifying tax deductions and incentives for businesses offering green jobs and eco-friendly practices. In addition, the Bureau of Customs (BOC) is also mandated to exempt the importation of capital equipment used in the promotion of green jobs from payment of duties and taxes.

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Build Your Business - Business Registration in the Philippines
08 Feb
Business

New Year, New Venture: Your Roadmap to Successful Business Registration in the Philippines

The process of registering a business in the Philippines requires a methodical approach involving various entities such as the Securities and Exchange Commission, Department of Trade and Industry, Bureau of Internal Revenue, and local government units. This guide simplifies and consolidates the intricate steps in business registration, ensuring that all key considerations in establishing a smooth and legally compliant business are tackled.

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