Business
Shop Smart, Stay Protected: Your Rights Under the Consumer Act This Holiday Season
The holiday rush is here! But don’t let defective products, misleading promos, or scams turn your cheer into jeer. By understanding your rights under the Consumer Act of the Philippines, you can shop confidently and hold sellers accountable when things go wrong.
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!
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.
To Infinity and Beyond: A Guide to Taxation of Cross-Border Services in the Philippines
Let us carefully go through the list of cross-border services and essential factors for application of and exemption from Philippine taxation established in BIR RMC Nos. 5-2024, and 38-2024, following the interesting ACES Philippines ruling taxing outer space satellite activities!
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.
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.
Securing Success: A Legal Protection Blueprint for Philippine Businesses
In the realm of business operations in the Philippines, understanding and adhering to legal requirements are critical components of sustained success. This blueprint aims to demystify the essential aspects of legal protection for both current and growing businesses in the country.
Para po! Plying the Jeepney Route under the Public Utility Vehicle Modernization Program
With the ongoing implementation of the Public Utility Vehicle Modernization Program (“PUVMP”), let’s take a step back to review the requirements of the program and understand the challenges besetting jeepney drivers and operators.
Digitally Safe and Secure: A Guide to the Internet Transactions Act of 2023
The Internet Transactions Act of 2023 establishes a comprehensive legal framework regulating online business activity in the Philippines, not just of Philippine-based consumers and business entities, but also persons with minimum contact in the Philippine e-market.
How To Properly Close A Business And Avoid Penalties
Learn the step-by-step guide crafted by our team on how to formally close your business here in the Philippines.