Kittelson & Carpo Consulting – News and Advisories
We provide monthly updates on the latest news that affect doing business in the Philippines as well as the newest advisories from government agencies that regulate the operations and compliance of local and foreign companies in the country.
The Securities and Exchange Commission (SEC) is now accepting applications for the registration of a One Person Corporation (OPC), a corporation with a single stockholder, following the issuance of the pertinent guidelines.
The Department of Labor and Employment (DOLE) issued three new labor policies on Wednesday during the government’s Labor Day celebration in Pampanga. The new policies seek to ensure the protection and welfare of Filipino workers here and abroad.
The Securities and Exchange Commission (SEC) formally launched on Friday last week the Sustainability Reporting Guidelines for Publicly-Listed Companies (PLCs), requiring such companies to disclose compliance/non-compliance of the recommendations provided under the Code of Corporate Governance for PLCs operating in the Philippines.
In a statement released yesterday, KMC Solutions, largest coworking and flexible workspace provider in the Philippines, announced that it received investment in a Series A funding round from Singapore private equity firm ASEAN Industrial Growth Fund (AIGF) to propel its expansion plans in other key areas of development in the Philippines.
The Social Security Commission, the SSS governing board, issued Circular No. 2019-05 on March 15 to prescribe the new contribution table that is scheduled to take effect this month.
The alleged noncompliance of foreign firms engaged in Philippine Offshore Gaming Operations (POGO) on properly registering and filing personal income taxes of their Chinese workers are now being investigated by the Philippine government.
Under the “Alien Registration Act of 1950” all registered foreign nationals in the Philippines, and ACR-I Card holders EXCEPT Temporary Visitor’s Visa holders or Tourist Visa holders must report to the Bureau of Immigration (BI) Main Office at Intramuros, Manila, or their participating offices within the first sixty (60) days of every calendar year.
Our Legal Compliance Department is glad to assist you with renewing your business permit. If you want to request for a service proposal or know more about this service, please contact Mr. Jayson Badion ([email protected]) or Ms. Aaron “Abby” Palada ([email protected]), Legal Compliance Assistant Managers or email us at [email protected]