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 …
