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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
In 2013, Yahoo dealt with what the world now dubs as one of the biggest, if not the most massive, data hacks in history. At that time, the company was in the process of a huge takeover deal with another firm. According to a Reuters article, the breach took place in 2013 but was publicized by Yahoo only in 2016 when the company admitted that accounts of over a billion of its subscribers were compromised. Although the hackers were able to access security questions and answers, the attackers were not able to steal payment card and other bank details of the company’s subscribers.
Due to health concerns posed by the COVID-19 pandemic, schools were prohibited from conducting face-to-face classes and subsequently shifted to other means such as online classes or modular distance learning. Early this year, the Department of Education (DepEd) commenced the progressive expansion phase, where selected public and private schools were allowed to conduct limited face-to-face classes. Considering that the number of recent daily cases significantly decreased compared with those recorded during the previous years, the authorities are now eyeing the resumption of full face-to-face classes for the upcoming School Year 2022-23.
An easier processing of taxpayers’ businesses is now available through the Central Business Portal (CBP). Previously available for corporations and partnerships only, sole proprietors can now experience the smooth online application of businesses as well.
Four hundred and twenty-five days after the effectivity of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act or Republic Act (RA) No. 11534 on April 11, 2021, one question still lingers among the registered business enterprises (RBEs) from the country’s nineteen Investment Promotion Agencies (IPAs): How can RBEs maximize their fiscal and non-fiscal incentives under the new tax rules and evolving market environment?
The Philippines is transitioning to the implementation of its new Electronic Invoicing System (EIS) with the Bureau of Internal Revenue’s (BIR) pilot implementation of its e-invoicing, e-receipting and e-sales system starting July 2022.
Can you remember the very first time you logged your financial details online or made a cashless transaction? As late as 2016, I can still recall a general hesitance to sign up for e-wallets or streaming platforms due to a fear that any attempt to put one’s credit card or bank details online would immediately lead to theft. Some five years later, however, financial technology (fintech) has proliferated in the mainstream.
