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National Internal Revenue Code of 1997 5th Edition
Under its Charter, the Philippine Amusement and Gaming Corporation (PAGCOR) was given the mandate to regulate, operate, authorize, and license games, particularly casino gaming in the Philippines. Through this mandate, PAGCOR is expected to generate revenues for the Philippine Government’s socio-civic and national development programs, as well as help promote the Philippine tourism industry.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 28-2022, requiring all registered business enterprises (RBEs) enjoying both fiscal and non-fiscal incentives granted by Investment Promotion Agencies (IPAs), such as the Philippine Economic Zone Authority (PEZA) and Board of Investments (BOI), to secure a Certificate of Entitlement of Tax Incentives (CETI).
Over the course of this past month, social media feeds have been abuzz with organizations posting about and celebrating International Women’s Day (IWD) and Women’s Month in their own ways. For the most part, these celebrations were par for the course across all the different platforms. There is an infographic on gender statistics here, a video of women leaders there. Everyone was captivated by the idea of #BreakingTheBias and the seemingly near future of gender parity.
Considering today’s economic situation, the primordial importance of having happy and productive employees is gaining popularity. When employees are trusted and involved in the company, yields are higher. Conversely, when people feel unmotivated or undervalued, the company suffers. On top of that, studies show that employees highly engaged in their work commit less mistakes, do better, and are more sympathetic of changes and are eager to embrace such changes.
We have all been victims of stereotypes at least once. The nursery rhymes we hummed and recited as kids are replete with societal and archetypal stereotypes, including those that pertain to gender. Then we grow older, learn more about the world, and our transformation is complete — we get so immersed in cultural norms that we find ourselves unable to look past gender norms. Before we even know it, we have become part of a culture that tends to turn a blind eye on gender equality and inclusivity.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 22-2022 last February 21, 2022 to remind all candidates, political parties, and campaign contributors of their obligations with the BIR in line with the upcoming national and local elections.
Last year, new value-added tax (VAT) rules were introduced by Republic Act (RA) No. 11534 or the CREATE Act. This act was followed by other issuances like the CREATE Implementing Rules and Regulations (CREATE IRR), and Revenue Regulation (RR) No. 21-2021. Despite the law and regulations, questions remained like: What is the proper VAT treatment of transactions with registered business enterprises (RBEs)? What type of BIR documentation is required in addition to the endorsement of the Investments Promotions Agencies (IPAs)? What does endorsement from IPAs mean? What rules shall govern when availing VAT incentives?
As a woman myself, there is one phenomenon that has been a cause of great concern for me. Around 2021, news agencies picked up on the mass exit of women from the labor force, both internationally and in the local scene. They dubbed this exit as the “she-cession”. And even in relatively gender-equal Philippines, which had seen a steady rise in the number of working women from 2017 to 2019, there was a considerable drop in numbers by the time the pandemic rolled in, and women accounted for 44% of job losses by 2020.
