TAX

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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 also due on June 14 while nonindividual or corporate taxpayers …

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TAXES AND THE CORONAVIRUS PANDEMIC: AN OPEN LETTER TO LAWMAKERS

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 …

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Part 2: TAX BREAKS FOR SMALL BUSINESSES

(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 …

Part 2: TAX BREAKS FOR SMALL BUSINESSES Read More »

TAX BREAKS FOR SMALL BUSINESSES

PART 1: TAX BREAKS FOR SMALL BUSINESSES

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 …

PART 1: TAX BREAKS FOR SMALL BUSINESSES Read More »

CITIRA vs. EODB

CITIRA vs. EODB

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 …

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