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Let's Talk Tax Blessed with income tax incentives, it pays to know your compliance requirements
Sunday was the Feast of the Sto. Niño or the Child Jesus. While attending Sunday mass, we were reminded to be obedient like a child to be more worthy of the kingdom of God. Obey the rules and you will be rewarded.
Tax Notes Central Visayas increases minimum wage rates beginning 2020
AFTER several discussions with and petitions from different labor unions in Central Visayas, the Department of Labor and Employment–Regional Tripartite Wages and Productivity Board VII has issued Wage Order ROVII-22 on Nov. 26, 2019 to raise the minimum wage rate across the region.
Let's Talk Tax Are you a top withholding agent?
On Sunday afternoon, I was surprised to read news of Taal Volcano erupting, spewing ash and causing the shutdown of our international airport. I was caught unaware. A search of my newsfeed showed no prior articles about Taal Volcano, so I was surprised to see graphic images from friends and family of the volcanic eruption suddenly flooding my social media. Perhaps I was more focused on the Iran-US situation or the Duke and Duchess of Sussex’s announcement that they are stepping back from their royal roles to have missed updates on Taal, if there were any.
From Where We Sit Change the mindset by doing something
During the few times I was given the privilege to walk the streets of London, one thing that stuck me the most was the motorists’ discipline when approaching a zebra lane. A Londoner friend of mine explained to me that, by law, a motorist is bound to give way as soon as a pedestrian steps onto the zebra lane to cross. As someone who has been driving a lot here in the Philippines, giving way to pedestrians is not one of the things I think about when driving. Even as a pedestrian, I still think that I have to be extra careful and smart when crossing the street, because motorists do not often give way.
Let's Talk Tax A clear 2020 vision: New Year requirements
Many things can happen in a year. We realize our dreams, reach our goals, make mistakes, and meet new people; the most important thing is that we learn from experience. The same thing can be said from a business perspective, where we, as stakeholders, learn that each new year brings numerous challenges in complying with government requirements as part of continuing operations in the coming year. Listed below are some of the requirements — so mark your calendars to plan your activities this January.
Tax Notes Circularizing the availability of revised BIR Form 1702-EX (Annual Income Tax Return) January 2018 (ENCS) version 2
THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 134-2019, announcing the availability of the revised BIR Form 1702-EX (Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as Amended, [Sec. 30 and those exempted in Sec 27(C) and Other Special Laws, with NO Other Taxable Income]) January 2018 (ENCS) version 2.