Zero-Rating VAT Incentive to PEZA-Registered Companies Not Affected by TRAIN Law
President Rodrigo Duterte vetoed five provisions from the Tax Reform for Acceleration and Inclusion (TRAIN) Act before he signed it into law as Republic Act No. 10963 i...
BOI updates reporting requirements for registered corporations
Imagine the amount of work required from corporations having to submit a plethora of documents to fulfill the government’s reporting requirements. This same effort and time be spent by t...
China-Philippine Relations expected to boost Philippines FDI to $11M
Recent progress in the relationship between China and the Philippines is considered as one of the primary factors to further improve the country’s FDI. According to Board of Invest...
Issuance of Pay Slips: Encouraging Employer Compliance to Labor Laws and Protecting Employees in the Philippines
Payslips are some of the most easily neglected documents by employees and employers despite the critical information contained within th...
Coworking Spaces: The Boom of a New Kind of Space in Philippine Business Arena
In recent years, Metro Manila has witnessed the growth of a unique sub-industry in Real Estate and leased spaces. Coworking Spaces have been taking the spotlight as they ...
BSP Requires Stronger Identity Authentication Measures for Philippine Banks
Cyber crimes have drastically evolved into more disruptive activities in the past couple of years with criminals taking advantage of the speed of the internet and its backdo...
Possible Tax Amnesty to be Implemented in the Philippines for Increased Tax Revenue
Tax evasion is a real challenge for any government. Tax collecting agencies across the world have policies tailored specifically for easier and more efficient tax co...
Required Submission of Audited Financial Statements and Income Tax Return to SEC and BIR
Please be reminded that the Securities and Exchange Commission (SEC) and Bureau of Internal Revenue (BIR) require stock and non-stock corporations and partnersh...
Foreign Ownership of Finance Companies in the Philippines
The restrictions of ownership of foreign investors on adjustment, financing, and lending companies and investment houses under the Foreign Investment Negative List (FINL) have been amended by...
Doing Business in the Philippines
(Updated: July 5, 2018}
Understanding the business environment of a country is one of the first steps an investor, an entrepreneur, or a legal entity has to take in order to assess the viability of setting up or ...
Frequently Asked Questions for Bookkeeping and Financial Services in the Philippines
Q: Why outsource the bookkeeping tasks?
Starting a business is challenging and success may be easier achieved if the management focuses on the core business and ou...
Best Practices in Philippine Accounting
Companies doing business in the Philippines must comply with the Philippine Financial Reporting Standards (PFRS). The PFRS is a set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting S...
Business Opportunities in the Pharmaceutical Industry in the Philippines
The Philippine pharmaceutical market is similar to China and Iran. But according to investphilippines.gov.ph the overall market is comparable to Pakistan, Thailand, Taiwan and ...
Makati versus BGC
The term ‘location, location, location,’ applies to where you decide to put your office. Metro Manila, the capital of the Philippines is home to several business districts: Makati, Bonifacio Global City, and Ortigas being the main ...
Philippines Eyes Halal Export Market
Halal market is making tremendous global presence recently, and the Philippines sets to join the economic trend. Some of the country’s lawmakers are pushing for the formation of a standardized accreditation and r...
Manila took over Mumbai’s spot as world’s 2nd outsourcing city
The Philippine economy looks robust with two of its cities crashing into the top 10 of the Tholons Top 100 Outsourcing Destinations for 2014. Since its opening, the IT-BPO market in the ...
Philippine Energy Companies Seize Investment Opportunities
Renewable energy is a growing industry in the Philippines, thanks in part to increased investor optimism in renewable energy investments. Both foreign and local investors alike, including tw...
KMC Solutions Opens Serviced Offices in Fort Bonifacio (BGC)
KMC Solutions, a sister company of Makati-based real estate brokerage firm, KMC MAG Group, recently opened a 1,050 square meter business center in Fort Bonifacio, Metro-Manila. This busin...
Philippines Amnesty Act 2007
It must be a jubilee year. In Christian theology the Jubilee is a special year for the remission of sins and universal pardon through plenary indulgence. Forgiveness of all sins di culpa e di pena is granted only to the ...
Public-Private Partnerships to Boost Philippine Economy
According to Aquino, "The answer to our lack of funds are new and creative ways to address long standing problems. There are a number of investor groups that have expressed interest and confide...
Tourism Enterprise Zones Take Global Competitiveness to New Heights
Republic Act (RA) 9593, or the Tourism Act of 2009 passed by the Arroyo administration, cements a national policy bolstering investments and improving employment in the Philippines...
Bright Prospects Ahead for Philippine Agribusiness
The last ten years has been crucial to the development of agricultural and rural infrastructure in the Philippines. The country now boasts a nautical highway which has significantly eased the transp...
Philippine IT-BPO: Exploring Metro Manila's Cyber Parks
Cyber Parks (Techno Parks, IT Parks, Ecozones) are ideal destinations for setting up a IT-BPO or call center in the Philippines . Outsourcing companies prefer to locate business operations insi...
Foreign Business Ownership in the Philippines
Setting up a foreign-owned business in the Philippines is no walk in the park. A foreign-owned corporation must obtain the necessary permits and licenses, register with the proper government agencies, an...
Staff Leasing | Staff Augmentation: Great Option for Outsourcing to the Philippines
The rise of the Philippine IT-BPO Industry has seen an accompanied increase in staff leasing services , including the recruitment of SEO Specialists, Web Developers ...
Philippines Tax Talk: Understanding the REIT Act
In a bid to boost the stock market, the Real Estate Investment Trust (REIT) Act was recently passed into law, marking the fourth legislative attempt to bolster economic growth and development in Phili...
Aquino Vows to Improve Foreign Investments in the Philippines
In his first state of the nation address (SONA) on July 26, 2010, newly elected president Benigno Aquino III vowed to boost foreign investments in the country, fight corruption within th...
Office Space Solutions: Serviced Offices in Makati and Manila, Philippines
Serviced offices offer a much needed convenience to foreign and local companies setting up business in the Philippines . These offices usually come fully-furnished, and are e...
Government Initiative Boosts Tourism Industry in the Philippines
A legacy of the Arroyo government, the National Tourism Act (R.A. 9593) has brought Philippine tourism to greater heights, boosting industry growth to 6.64% in the first quarter of 201...
Commerce Flows into Subic, Philippines
Subic Bay, Philippines is bordered on the east by Zambales mountains and the South China Sea on the west. A former US Naval base, Subic is now a freeport zone and a gateway for the transportation of goods. And,...