Imagine the amount of work required from corporations having to submit a plethora of documents to fulfill the government’s reporting requirements.
Business in the Philippines
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.
Payslips are some of the most easily neglected documents by employees and employers despite the critical information contained within the document and the document’s significance in clarifying concerns on compensation and benefits.
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 present a fresh and uniquely efficient take on renting out office spaces.
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 collection from its constituents.
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 backdoor exits for anonymity.
Please be reminded that the Securities and Exchange Commission (SEC) and Bureau of Internal Revenue (BIR) require stock and non-stock corporations and partnerships incorporated and/or registered 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 the new act RA 10881 which now allows 100 percent foreign ownership.
Starting a business is challenging and success may be easier achieved if the management focuses on the core business and outsource bookkeeping to a firm with Certified Public Accountants (CPA) who are knowledgeable of the latest accounting practices in the Philippines.
Companies doing business in the Philippines must comply with the Philippine Financial Reporting Standards (PFRS).