Posts about Business in the Philippines

TRAIN Law: What’s In Store For SMEs?

Posted by Maria Katrina dela Cruz

Jan 14, 2020 1:15:00 PM

The recent tax reform was implemented to encourage small businesses to pay their taxes on time. As a business owner, having outsourced CFO services can assist you in adjusting your taxes accordingly.

What Are the Duties of a Corporate Secretary?

Posted by Janis Mae Narvas

Jan 14, 2020 10:50:00 AM

Every corporation is required to have a corporate secretary. A corporate secretary’s tasks differ from the duties and responsibilities of a company secretary. What does a corporate secretary do? 

Business In The Philippines: Knowing Your Tax Obligations

Posted by Maria Katrina dela Cruz

Jan 7, 2020 3:50:54 PM

In the Philippines, a minimum corporate income tax (MCIT) of 2% is levied on the gross income of domestic and resident foreign firms, starting in the fourth taxable year after the start of operations. Aside from the annual MCIT, it is important that you comply with the tax laws and regulations imposed across the operating entities in the local hub. Whether you’re a small business owner or a corporate shareholder, settling your tax obligations can help you keep your company in its grounds. 

Outsourcing in the Philippines: The Benefits of PEZA-Registered Companies

Posted by Janis Mae Narvas

Dec 4, 2018 10:00:00 AM

In the past two decades, businesses in developed countries have sought operational efficiency through outsourcing. As a result, outsourcing in the Philippines has become a viable option for businesses to reduce overhead costs without compromising quality. To drive the growth of the outsourcing industry, the Philippine government provides incentives for foreign-owned companies to invest in the country. This week, we discuss the benefits of being a Philippine Economic Zone Authority (PEZA)-registered enterprise.

TRAIN Law 2: How TRABAHO will affect Businesses in the Philippines

Posted by Cedric Joshua Martinez

Nov 24, 2018 11:00:00 AM

The year 2019 is fast approaching. For the Philippine business sector, this means that the second part of the Philippines’ tax reform initiatives is right around the corner. This year, the Tax Reform for Acceleration Law (TRAIN Law) focused on bringing down personal income taxes. Next year, the proposed Tax Reform for Better and Higher Opportunities (TRABAHO) seeks to modernize the country’s business tax rates.

3 Audit and Accounting Practice Problems and How to Solve Them

Posted by Janis Mae Narvas

Aug 1, 2018 10:00:00 AM

Addressing the challenges faced by audit firms in the Tri-State Area can be a grueling task if you do not have a comprehensive view of the problem at hand. This week, we look at several audit  and accounting practice problems and our recommendations on how you can overcome them.

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