by Greg Aquino | Jan 9, 2024 | Compliance and Tax Updates
What is the BIR Annual Registration Fee and Why Was It Abolished? If you are a registered taxpayer in the Philippines, you know that every year, you have to pay a P500 annual registration fee (ARF) to the Bureau of Internal Revenue (BIR). This fee is supposed to renew...
by Greg Aquino | Jan 3, 2024 | Uncategorized
Legal Basis For BIR Annual Registration National Internal Revenue Code (NIRC)Section 236(B)Annual Registration Fee.— An annual registration fee in the amount of Five Hundred pesos (Php 500) for every separate or distinct establishment or place of business, including...
by Greg Aquino | Jul 4, 2023 | Compliance and Tax Updates
The Revised Corporation Code of the Philippines (RCC) is a landmark legislation that aims to modernize and streamline the rules and regulations governing corporations in the country. It was signed into law by President Rodrigo Duterte on February 20, 2019, and took...
by Greg Aquino | Jul 1, 2023 | Compliance and Tax Updates
Philippines – If you are a content creator who earns money from social media platforms such as Facebook, Instagram, YouTube, and others, you might be wondering how to deal with your taxes. In this article, we will discuss the tax guidelines for influencers in...
by Greg Aquino | Jun 30, 2023 | Uncategorized
This latest changes in the SEC amnesty program features the following: Extention of amnesty application until September 30, 2023; Removal of notarized Expression of Interest (EOI); No more Affidavit of Undertaking for Latest AFS Submission; 15 days turnaround time for...
by Greg Aquino | Jun 28, 2023 | Compliance and Tax Updates
Philippines — Out with the Old, In with the New: BIR’s Green Notice to Issue Receipt/InvoiceYou’ve probably seen the orange “Ask for Receipt” notice in many shops and businesses. This notice was put up by the Bureau of Internal Revenue...
by Greg Aquino | Dec 31, 2022 | Compliance and Tax Updates
Philippines – Pursuant to Republic Act No. 11199 or the Social Security Act of 2018 which includes a provision that increases the SS contribution rate to 14% for the calendar year 2023, with a minimum Monthly Salary Credit (MSC) to P4,000, and the maximum MSC to...
