Inevitable is the fact that taxes and public contracts will remain deeply intertwined.
The traditional means of conducting audits was challenged, but over time, the profession adapted and transformed.
Since the Capital Markets Efficiency Promotion Act (CMEPA) took effect on July 1, 2025, a wave of social media posts has stirred public concern over a supposed “20% tax on savings”. Filipino netizens were alarmed by the misleading posts suggesting that their actual bank savings are now subject to a 20% tax, prompting widespread online reactions.
Access to legal aid in the Philippines remains a pressing challenge. The sad reality is millions of Filipinos in rural and marginalized communities struggle to have access to legal services.
In a significant step toward modernising the country's tax system, Republic Act (RA) No. 12023 was enacted in October 2024, introducing a 12% value-added tax (VAT) on digital services.
In today's interconnected world, businesses must navigate both local and global landscapes to achieve sustainable growth. The concept of working locally and globally is essential for companies aiming to expand their reach beyond domestic borders.
In a fast-paced business environment, efficient payroll systems are crucial for the smooth operation of any company. It isn’t just about paying employees—every successful disbursement involves a range of activities that ensure compliance with tax laws, accurate processing, and timely payment of salaries. Simply put, while we ”PAY”, the people working to complete the processes are “ROLL“-ing.
Many businesses savored the surge in sales and services during the holidays, with the increase in foot traffic and consumer’s high spending last season having surely boosted every business’ normal earnings.
