Metro Manila LGUs to Shift Working Hours to 7 AM – 4 PM to Ease Traffic

In a strategic move aimed at easing Metro Manila’s notorious traffic congestion, the Metro Manila Council (MMC) has approved a resolution to adjust the working hours of local government units (LGUs) across the National Capital Region (NCR).   Effective April 15, 2024, government offices within Metro Manila will adopt a new working hour scheme from… Continue reading Metro Manila LGUs to Shift Working Hours to 7 AM – 4 PM to Ease Traffic

Navigating the Future: A Guide to Changes in PH Taxation

In recent times, the realm of Philippine taxation has witnessed a dynamic metamorphosis fueled by groundbreaking legislation. Examples of these revolutionary tax changes are the Tax Reform for Acceleration and Inclusion (TRAIN) Law and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.    Now, on the horizon, the Ease of Paying Taxes (EOPT)… Continue reading Navigating the Future: A Guide to Changes in PH Taxation

BIR Grants exemption to small agricultural producers from Receipt Issuance Requirements

The Bureau of Internal Revenue (BIR) has introduced Revenue Regulations (RR) 12-2023, exempting small-scale farmers from issuing receipts and invoices for the sale of agricultural food products, provided their gross sales don’t exceed P1 million annually. Effective 15 days after its publication, this regulation simplifies record-keeping for agricultural producers. Agricultural producers must now maintain a… Continue reading BIR Grants exemption to small agricultural producers from Receipt Issuance Requirements

Senate Approves Extension of Estate Tax Amnesty until June 14, 2025

The Senate has given its approval to Senate Bill (SB) 2219, granting a two-year extension to the estate tax amnesty period until June 14, 2025. The decision was made in response to the concerns of taxpayers who were unable to utilize the initial extension due to the pandemic. According to the Senate, House Bill 7907… Continue reading Senate Approves Extension of Estate Tax Amnesty until June 14, 2025

BIR Revokes Accountant’s Accreditation in Crackdown on Fake Receipt Syndicate

The Bureau of Internal Revenue (BIR) has invalidated the accreditation of an accountant who was involved in a syndicate specializing in fake receipts. Commissioner Romeo Lumagui Jr. announced that Jennifer Cunanan Roncesvalles, an external auditor, has had her certified public accountant (CPA) certificate revoked. This action comes in light of her connection to companies that… Continue reading BIR Revokes Accountant’s Accreditation in Crackdown on Fake Receipt Syndicate

House panel approves extension of Estate Tax Amnesty until 2025

The House of Representatives Committee on Ways and Means in the Philippines has recently given its approval to a bill that extends the amnesty for the payment of estate taxes until June 15, 2025. The bill, known as House Bill (HB) No. 7409, received strong support from 31 members of the committee during a hearing.… Continue reading House panel approves extension of Estate Tax Amnesty until 2025

Learn More About the 105-Day Expanded Maternity Leave Law

Although the Department of Health has released a lot of campaign information on breastfeeding, many new moms opt to bottle feed. Researchers who underscored the reason for low breastfeeding rates in the country shared their findings. The primary reason most working moms cannot exclusively breastfeed for six months is because they have to return to… Continue reading Learn More About the 105-Day Expanded Maternity Leave Law

BIR Endeavors to Cut Out All Forms of Ghost Receipts

Commissioner Romeo D. Lamagui Jr of the BIR (Bureau of Internal Revenue) is currently waging a war against users of ghost receipts as this method is a form of tax evasion. His program is called RAFT or Run After Fake Transactions, with operations based in the commissioner’s office. This is a first in the history… Continue reading BIR Endeavors to Cut Out All Forms of Ghost Receipts

Value Added Tax (VAT) Refund on the Horizon for Foreign Guests in 2024

The Presidential Communications Office (PCO) announced last January 29 that President Ferdinand Marcos Jr green-lighted a new Value Added Tax (VAT) program for tourists. The primary objective of this endeavor is to attract more visitors to the country. The new tax relief program for foreigners is slated to be in effect by 2024.    Currently,… Continue reading Value Added Tax (VAT) Refund on the Horizon for Foreign Guests in 2024

Expanded Solo Parents Welfare Act to Provide Economic Relief This Feb

Listen up, single parents! Those who parent their child alone can look forward to the implementation of the much-awaited Expanded Solo Parents Welfare Act. Specifically, the Bureau of Internal Revenue (BIR) is slated to implement tax reforms because of this new law. And this is just the tip of the iceberg since more benefits from… Continue reading Expanded Solo Parents Welfare Act to Provide Economic Relief This Feb

WAIT!​

YOU DON'T WANT TO MISS THIS FREE EBOOK!