NEWS & UPDATES

SEC Memorandum Circular No. 2, Series of 2023: Grant of Amnesty for Non-Filing and Late Filing of General Information Sheet (GIS) and...

The Bureau of Internal Revenue (BIR) has issued Revenue Regulation No. 5-2021, which implements the new income tax rates for corporations...

The Regional Tripartite Wages and Productivity Board (RTWPB) in the National Capital Region (NCR) has issued Wage Order No. NCR-24, which...

The Securities and Exchange Commission (SEC) has issued Memorandum Circular No. 6, Series of 2023, which provides an amnesty program for...

Tax mapping is a process by which the Bureau of Internal Revenue (BIR) verifies the compliance of businesses with tax registration and...

The percentage tax in the Philippines has been reverted back to 3% effective July 1, 2023. Republic Act No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, was amended by Republic Act No. 11590. The CREATE Act originally lowered the percentage tax rate from 3% to 1% for the period from July 1, 2020, to June 30, 2023. The amendment to the CREATE Act was made in order to generate more revenue for the government. The 3% percentage tax

The Bureau of Internal Revenue (BIR) has released the tax due dates for July 2023. Taxpayers are reminded to file their returns and pay...

For accountants, tax season is a busy time of year, and it's simple to let work take over your life. The importance of work-life balance...

Being distinctive is more crucial than ever in the cutthroat business environment of today. One way to do this is to create a company...

The Securities and Exchange Commission (SEC) has extended the deadline for the filing of annual financial statements (AFS) for 2023. The...

The Bureau of Internal Revenue (BIR) has released the tax due dates for May 2023. Here is a list of the important tax deadlines for the...

Accounting is a complex and ever-changing field, and even the most experienced professionals can make mistakes. Here are some of the most...

The accounting industry is constantly evolving, with new trends emerging all the time. Here are some of the latest news and trends in...

The Bureau of Internal Revenue (BIR) has released the tax due dates for 2023. Here is a list of the important tax deadlines for the year:...

The Securities and Exchange Commission (SEC) Philippines mandates the General Information Sheet (GIS), a document that provides broad...

The annual financial statement is a detailed report that summarizes a company's or corporation's financial performance for a specific...

All corporations are reminded by the Securities and Exchange Commission of the deadlines for filing their 2022 annual financial statements (AFS) and their 2023 general information sheet (GIS). Keep in mind that the last day of your designated filing schedule, which is determined by the last digit of your company's SEC registration or license number (see below), is the deadline for filing your audited financial statement. Alternatively, you can decide to submit your audited fi

Learn about Revenue Memorandum Circular No. 3-2023 prescribing the policies and guidelines on the online registration of books of...

Individuals Earning Purely Compensation Income (including Non-Business/NonProfession Related Income and Single Proprietors) can look...

Business permits allow companies to conduct business within the jurisdiction of a local government unit (LGU). These permits are usually...