News

First-ever Amnesty on Tax Delinquencies Starts on April 24

From April 24, 2019, taxpayers with long-due liabilities and pending criminal cases are enjoying the benefits of the tax amnesty on delinquencies, except the vetoed general amnesty provision due to...

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Government grants tax incentives to ‘green’ business enterprises

“Green” business enterprises can enjoy tax incentives from the government starting May 1, 2019, after the Bureau of Internal Revenue (BIR) published the guidelines for the availment of such perks...

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New law exempts First-Time Jobseekers from Goverment Fees

President Rodrigo Duterte has signed a law that will waive fees from various government agencies for first-time jobseekers. According to Republic Act 11261, also known as the “First Time Jobseekers...

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DOLE’s IRR for Maternity Leave Extension

In a reference from last February 2019, President Rodrigo Duterte signed the contract measures of extended Maternity Leave. It is for the improvement that will benefit working mothers in the...

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New SSS Law Provides Increase in Contributions

With the signing of Republic Act No. 11199 or SSS Rationalization Act, the law amended its charter and paved the way for the Social Security System (SSS) to improve its investing capacity and...

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SEC designs new GIS to disclose beneficial ownership

Starting June 30, 2019, filers are expected to comply with the Securities and Exchange Commission-issued Memorandum Circular No. 17 series of 2018 and to use the new form of the General Information...

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New Annual Income Tax Return for Individuals now available

    Pursuant to the Tax Reform for Acceleration and Inclusion (Train) Law, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 17-2019, requiring individual taxpayers to use...

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NEW IRR FOR CPD LAW

Are you a Licensed Professional? Here’s what you need to know about the new CPD Law. Republic Act 10912 also known as Continuing Professional Development of 2016 requires professionals like to...

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Philippine Corporation Code amended after 38 years

It would be a lot easier for local business owners and investors to register their businesses with the Securities and Exchange Commission with the amendment of the decades-old Corporation Code of the...

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Longer maternity leave now signed into law

From sixty-day paid maternity leave, working mothers can enjoy a longer 105 days of leave after the signing of the Expanded Maternity Leave (EML) into law last February 20, 2019. Before the said...

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