The Tax Reform for Acceleration and Inclusion (TRAIN), otherwise known as RA 10963, is the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) which seeks to propose major changes in the Philippine tax system. It was signed into law by President Rodrigo Duterte last Dec. 19 and implemented on Jan. 1 of this year.
The Philippines, being a rapidly developing country, have cities that act as its engines of growth. If the urban-growth is well-organized and executed properly, the cities can help increase the regional innovation, economic growth, and prosperity.
The BIR, National Government Agencies, LGUS, Government Agencies and Instrumentalities, GOCCS shall establish electronic interconnectivity that allows the exchange of information relevant to the needs of each agency.
Here is the updated list of National, Official, and Non-working Holidays in the Philippines for the year 2017. | PH Holidays Infographic
The Board of Accountancy (BoA) has signed resolution 3-2016 prescribing the rules on submission of the Certificate of Compilation Services for the preparation of Financial Statements (FS) and notes thereto (“Certificate”)