Stay ahead and check tax and other reportorial deadlines with our comprehensive digital calendar! Gain quick access to key filing dates and deadlines in one convenient platform—helping you stay organised, compliant, and confident throughout the year.
National Internal Revenue Code of 1997 5th Edition
Following the effectivity of Republic Act (RA) No. 11232, or the Revised Corporation Code of the Philippines, the Securities and Exchange Commission (SEC) recently issued Memorandum Circular No. 7-2019, providing guidelines on establishing a One Person Corporations (OPC).
Many were especially angered, and with good reason, by the close to US$1-billion in donations to rebuild the Notre Dame Cathedral in Paris, because of the seemingly misplaced priorities of philanthropists and the French government. Citing increased homelessness in France and several other oppressions in other nations, French President Emmanuel Macron received several criticisms for his pledge to rebuild the cathedral within five years. One possible explanation for this, that would gloss over several other realities, is that there is no clear endgame in the fight against poverty, whereas the restoration of a centuries-old cathedral has a definite result. Perhaps a resolution to this is that your actions should be seen as gradient and continuous, rather than isolated extremes. Decisions made should always align with your goal.
Just yesterday, millions of registered Filipino voters headed to their respective precincts to exercise their rights to suffrage. Leading up to Election Day, Filipinos were bombarded with countless campaign advertisements — from catchy jingles and sponsored social media posts to political rallies and public debates — all in the hope that candidates could influence and win the people’s vote. Now, candidates and voters alike are in limbo, hoping and praying that the election odds are in their favor.
Humans are emotional beings: however rational and thinking, people appeal to feelings. A look back into the history of humanity reveals the occasional popularity of leaders who were skilled orators, such as Adolf Hitler and Benito Mussolini. They are masters of the Greek pathos, eliciting passionate approval by engaging the emotions of the crowd. In recent years, the firebrands of today—presidents Donald Trump and Rodrigo Duterte—have risen to fame and power.
In line with protecting the rights and welfare of women and preserving a healthy family life, the Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 11210, otherwise known as the 105-Day Expanded Maternity Leave Law, were signed on May 1, 2019.
Less than a week from now, we will have our midterm elections. One of the buzzwords we often hear from voters on who they would vote for is authenticity. Authenticity is defined as being true to one’s belief, character and personality. In short, we want our politicians to show who they truly are. It is the degree to which an individual’s actions are aligned with their beliefs and desires. During the campaign period, we try to determine who is authentic and who is simply faking it. Do they believe in honesty, or do they believe that lying can justify the end? Is eating using your hands being authentic?
The continuous globalization of trade has led to an increase in intra-group services. Intra-group services are those provided by one or more entities within a group to other fellow units, or for the benefit of the group as a whole. Such services include administrative, finance, human resources, information technology (IT), management, marketing, procurement, research and development, and technical services, among others.
IN LINE with Republic Act (RA) 10771, otherwise known as the Philippine Green Jobs Act of 2016, the Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) 5-2019 to clarify the coverage and tax perks of taxpayers who provide “green jobs.”
