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National Internal Revenue Code of 1997 5th Edition
The implementation of Republic Act No. 11494 or “Bayanihan II” has brought about several welcome exemptions for taxpayers as the country embattles the ongoing pandemic. This particular law was enacted to declare a state of national emergency over the country in an effort to control the spread of the disease and implement Covid-19 response and recovery interventions. The key features that taxpayers may avail of this law are the following below:
In recent weeks, the Philippines, mainly Luzon, was ravaged by a series of typhoons that left the Bicol Region in ruins and submerged the Cagayan Valley in floods. Homes and livelihoods were lost because of these calamities.
The global coronavirus disease 2019 (Covid-19) pandemic, which resulted to self-isolation and economic uncertainty, is possibly changing the way people avail of products and services. Businesses face the risk of becoming irrelevant to their customers if the former fails to understand changing consumer behavior and priorities brought about by the Covid-19 pandemic. It is very critical to understand the customers’ side. Mid-market businesses need to assess whether they are still on the right track to understand and meet customers’ changing needs.
THE Securities and Exchange Commission (SEC) issued SEC Memorandum Circular (MC) 31-2020 to forego the imposition of fines and other monetary penalties for non-filing, late filing, and failure to comply with compulsory notification and other reportorial requirements, to align with the Bayanihan Act 2.
Last week seemed like a bad case of déjà vu with parts of Metro Manila being under water again, some 11 years ago after the last serious flood. TV stations broadcast images of people trapped on their roofs waiting for rescue, pets being rescued by their humans, and government resources stretched to the limit in responding to the needs of those devastated by the typhoon.
On the first page of my 2020 planner, when I wrote “lifestyle change”, I did not know it would have a new meaning: being stuck at my small bedroom/home office every day for the next seven-or-so months. An unexpected adventure for everybody.
Eight months. That is how long it has been already since I started working at home because of the pandemic. Days had gone by rather quickly. It has been eight months as well since being with my family every day. Three months ago, I wrote about how we can be better at working from home when our family is also there. One of the things I mentioned was to give as much respect, patience and understanding to those who are living with us since they are essentially our current “officemates.”
IN LINE with the Securities and Exchange Commission’s (SEC) development and implementation of an electronic filing and monitoring system, the SEC has released Memorandum Circular (MC) 28-2020 that requires companies to provide their official electronic mail (e-mail) address and mobile phone numbers which will be used for communication, submission and other transactions with the SEC.
