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National Internal Revenue Code of 1997 5th Edition
Are we prepared for when we begin our “new normal”? Who else misses going out, joining social gatherings, playing outdoor sports, and attending Sunday mass? We spent the summer of 2020 in the comfort of our own homes, thanks to the coronavirus or the COVID-19 pandemic.
This coronavirus disease 2019 (Covid-19) pandemic is edging us closer towards an inflection point, where cyberspace becomes the primary channel for businesses to reach, engage and retain customers. At this critical point in time, organizations must decide whether to adapt and evolve or remain unchanged. The current state of affairs is that technology has become the buoy that is keeping businesses afloat.
Download the Philippine Government COVID-19 Relief Package.
May 15 marks the last day of the extended enhanced community quarantine (ECQ) for most parts of the country, including the National Capital Region. In spite of the continuing increase in the number of new COVID-19 cases being reported each day, the government has decided to relax restrictions in certain parts of the country in hopes of gradually getting the economy going again after a two-month lockdown.
IN CONSIDERATION of the social and economic burden from community quarantine, the Department of Labor and Employment (Dole) issued Labor Advisory 16 on May 4, 2020 pursuant to section 1 of Presidential Administrative Order 30.
More than 1.5 billion students and young learners globally are affected by school and university closures due to the coronavirus disease 2019 (Covid-19) pandemic. Schools have remained closed for weeks, and no one knows for certain when we will come out of the lockdowns, as the pandemic shows no sign of slowing down anytime soon.
The COVID-19 pandemic is disrupting economies and societies worldwide. We are going through another global recession as business operations stood still for months in most parts of the world. Stock markets are down. Tourism and travel are almost nil. Schools are empty, while hospitals are overcrowded. Medical professionals struggle in saving lives, including their own. Employees are not allowed to go to work and are forced to rely on government subsidies to feed their families.
On April 15, 2020, the Bureau of Internal Revenue (BIR) published Revenue Memorandum Circular (RMC) 43-2020 in line with the extension of the enhanced community quarantine (ECQ) to alleviate concerned taxpayers from filing their tax returns and paying taxes due during the period. Taxpayers now have the option to: