Have you filed your 2019 annual income tax return (ITR)? To make sure you won’t pay the 25 percent surcharge, 20 percent interest and compromise penalty, make sure to file and pay your income tax on or before June 14. Note, however, that for individual taxpayers, the first quarter ITR for taxable year 2020 is …
To make sure you won’t pay the 25 percent surcharge, 20 percent interest and compromise penalty, make sure to file and pay your income tax on or before June 14. Note, however, that for individual taxpayers, the first quarter ITR for taxable year 2020 is also due on June 14 while nonindividual or corporate taxpayers …
Have you filed your 2019 Annual Income Tax Return (ITR)? Read More »
I wrote this article after I received my admission letter from the Harvard Kennedy School. It’s quite overwhelming since it took me more than 10 years to face my fear and finally apply. Like many of you, I had so many reasons or excuses for not even trying before. Lo and behold, I made it …
[OPINION] We Need People Power, Not Emergency Power Read More »
TO OUR HONORABLE SENATORS AND REPRESENTATIVES, Amid the COVID-19 pandemic, countries around the world are implementing emergency tax relief to support companies, especially small businesses and their employees. As the economic and social impact of this health crisis increases, government and business leaders have a crucial role to play in developing both short-term and long-term …
TAXES AND THE CORONAVIRUS PANDEMIC: AN OPEN LETTER TO LAWMAKERS Read More »
(Conclusion) According to the 2018 List of Establishments from the Philippine Statistics Authority, there are 1.003 million business enterprises operating in the country and almost all of them (99.52 percent) are micro, small and medium enterprises (MSMEs). The government should thus prioritize MSMEs when it comes to social protection or assistance, considering that they employ …
Amid the COVID-19 pandemic, countries around the world are implementing various emergency tax relief to support companies, especially small businesses and their employees. As the business and social impact of this health crisis increases, government and business leaders have a crucial role to play in developing both short-term and long-term solutions to mitigate the risks …
The Philippines made remarkable progress in the ranking of the World Bank’s Doing Business (DB) 2020 Report, from ranking 124th rising by 29 notches and landing at 95. According to the DB 2020 Report, the Philippines has made significant improvements in three areas: starting a business, dealing with construction permits, and protecting minority investors. Package …
The tax reform is well underway, but just as it had in 2018, it hit a snag yet again. In fact, it hit the same snag it had back then. While the lowering of the corporate income tax (CIT) is generally accepted, business organizations are criticizing the other part of the Corporate Income Tax and …
