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National Internal Revenue Code of 1997 5th Edition
Several sectors of the Philippine economy are still grappling with the effects of the coronavirus disease 2019 (Covid-19) pandemic. While e-commerce providers continue to gain ground during the new normal because of the nature of their services, other industries like travel and retail are still addressing challenges following the onset of the global health contagion.
The Bureau of Internal Revenue has issued Revenue Memorandum Circular (RMC) 63-2021 for the dissemination of the provisions under Republic Act 115171 or “An Act authorizing the President to expedite the processing and issuance of National and Local Permits, Licenses and Certifications in times of National Emergency.”
Filipinos have grown accustomed to celebrating festivities. However, things changed when the pandemic set in. Towards the close of the first half, it seems many celebrations have been called off due to safety concerns and travel restrictions. Without the pandemic, many would have been busy preparing for the Flores de Mayo and the Santacruzan.
The Social Security System (SSS) has recently issued Circular 2021-005 to clarify the meaning and coverage of earnings declared of self-employed members in accordance with the implementation and intent of Section 19-A of the Social Security Act of 2018, otherwise known as Republic Act 11199.
When the term “family business” pops in a conversation, we tend to conjure an image of a small- or mid-sized business that has been handed down from one generation to another, much like an inheritance. Although some of these family-owned firms fit this description, such notion is not broad enough to encompass the major role of family businesses in boosting growth in the global economy.
“To be or not to be” is one of Shakespeare’s most famous lines — the opening of a Hamlet soliloquy in Act 3, Scene 1. Prince Hamlet is speaking it aloud, but none of the characters seem to hear him. Is it possible that the characters have chosen not to listen because the topic is death?
Two hundred and seventy-four days since the pandemic took over and changed the lives of many in drastic ways. The health contagion’s aftermath has led to a revision of plans due to the continuous postponement of licensure exams, arduous struggles of applying for jobs, and waves of panic and anxiety. At this pace, we can’t help but be skeptical if there’s still an opportunity that awaits us even if we are now walking through a thin line of certainty.
The Social Security System (SSS) has released Circular 2021-004 in support of the digitalization of SSS benefit processes and in compliance with the zero-contact policy under Republic Act (R.A.) 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
