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Upgrading a business through digitalization is no easy feat. If we can recall in our previous article, we’ve established that digital transformation is an effort to improve existing business models by integrating advanced technologies. After learning this simple definition, what exactly can curtail these efforts in the long run? For digital transformation to be successful, it is crucial for business owners to consider all possible challenges brought about by the introduction of new technologies and an unfamiliar culture to the workplace.

In view of the continuing Covid-19 pandemic and its impact to the export industry, Revenue Regulations (RR) 15-2021 deferred the implementation of RR 9-2021 until an amendatory revenue regulation is issued. RR 9-2021 imposed 12 percent VAT on transactions which used to be zero-rated under Section 106 (A) (2) (a) (3), (4), and (5) and Section 108 (B) (1) and (5) of the Tax Code, as amended.

It is innate in every human being to have basic rights. They can never be taken away. They are valid and universal. In the corporate context, taxpayers are entitled to due process. Whether they be small or big businesses, they are entitled to the right to due process and equal protection of the law.

One common issue that hounds Filipino families is failure to take full advantage of properties they have inherited from their ancestors. It has become commonplace to see a lot of these properties which are either still under the name of deceased relatives or co-owned by heirs as part of their legitime. Now, relation and geographical distance among these heirs worsens the situation, making such properties sit idle for years. Simply put, interested heirs cannot sell these properties as the transfer of such properties has been made more complex by numerous processes and fees. These costs include estate taxes. Often, paying estate taxes requires heirs to shell out huge amounts of money due to interests and surcharges, especially for properties that were inherited a few generations back.

The Bureau of Internal Revenue has issued Revenue Regulations (RR) No. 13-2021 to implement the penalty provisions under Sections 76 to 80 of Republic Act (RA) No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion Law or the TRAIN Law, amending Sections 254 and 264 of, and adding Sections 264-A, 264-B and 265-A to, the Tax Code.

THERE is a common acknowledgement that the quality of our education system is quite low. This observation, without doubt, has been validated by the poor results of the performance of our students in periodic international assessments of achieved learning.

The coronavirus disease 2019 (Covid-19) pandemic can be considered the greatest challenge that education has faced in modern times, significantly disrupting institutions worldwide and billions of learners of all ages. In response, academic institutions conducted courses online and faculty and staff worked remotely due to safety and travel restrictions. Virtual setups have since become the new norm, from teaching and learning to graduation ceremonies. The dire circumstances have effectively removed face-to-face group learning in all educational levels and changed the online learning landscape.

Mental health includes our emotional, psychological, and social well-being. If we find it difficult to handle stress, relate to others, and make choices, then there might be a problem. This is generally applicable to all, and with a lot of problems in today’s trying times and various tax rules to think about, these can take their toll on taxpayers’ mental health.