The Securities and Exchange Commission (SEC) of the Philippines has issued Memorandum Circular No. 9, Series of 2026, establishing the framework for the annual submission of reportorial requirements. This circular…
Understanding how to properly handle business expenses is a fundamental part of managing a company's finances. According to tax regulations, businesses can deduct certain expenses from their gross income. This…
The The Supreme Court has ruled that businesses registered with the Philippine Economic Zone Authority (PEZA) are not entirely exempt from paying Value-Added Tax (VAT). In Coral Bay Nickel Corporation…
A Simpler Way to Understand Big Changes in Reporting The International Accounting Standards Board (IASB) issued IFRS 18, Presentation and Disclosure in Financial Statements, on April 9, 2024. This new…
The Philippine Securities and Exchange Commission (SEC) warns the public against engaging with unregistered entities and online platforms offering crypto-asset services to Filipinos without the required registration or authorization, as…
The Social Security System (SSS) will implement a three-year pension increase beginning September 2025, as part of a landmark Pension Reform Program approved by the Social Security Commission (SSC) under…
Tax regulations in the Philippines have undergone significant changes aimed at improving tax collection and ensuring tax compliance. One of these changes pertains to the number of top withholding agents…
December 15, 2022 Pursuant to Republic Act No. 11199, otherwise known as the Social Security Act of 2018, which includes a provision that increases the SS contribution rate to 14%,…
December 15, 2022 In 2019, the Universal Health Care (UHC) Act was signed into law with the objective of providing immediate eligibility for health benefits to every Filipino. Under the…
Revenue Memorandum Order No. 55-2022, issued on December 15, 2022, states that all field audit and other field operations of the BIR are hereby suspended for the period of December…