by admin | Feb 3, 2025 | News & Insights, Updates
Recently, BIR issued Revenue Regulations No. 4-2025 dated January 30, 2025 amending Revenue Regulations No. 2-1998, as amended, providing for the enhanced tax exempt de minimis benefits in Philippines as follows: Increasing uniform and clothing allowance from PhP6,000...
by admin | Jan 30, 2025 | News & Insights, Updates
The Supreme Court in the case of Commissioner of Internal Revenue (CIR) vs. Estate of Romig (G.R. No. 262092 dated October 9, 2024) has ruled that foreign currency deposit account in Philippines (e.g. US dollar account) under Republic Act No. 6426 or Foreign Currency...
by admin | Jan 30, 2025 | News & Insights, Updates
In an effort to maintain accurate database which shall determine and identify active and inactive corporations and those already due to be placed on delinquent status, Securities and Exchange Commission (SEC) issued Memorandum Circular No. 6, series of 2024 dated 27...
by admin | Jan 28, 2025 | News & Insights, Updates
With the advent of digitalization where services worldwide are being availed online, legislators has noted the increasing consumption of digital services by Filipinos and has seen this as an opportunity to impose new taxes leading to the passage of Republic Act No....
by admin | Nov 10, 2024 | News & Insights, Updates
The Office of the President of the Philippines through the Executive Secretary issued Executive Order No. 74 dated November 5, 2004 (EO No. 74) entitled – Immediate Ban on Philippine Offshore Gaming, Internet Gaming, and Other Offshore Gaming Operations in the...
by admin | Aug 1, 2024 | News & Insights, Updates
In an effort to ensure timely and complete disclosure of information of Ph publicly listed companies, SEC recently issued Memorandum Circular No. 11 series of 2024 dated 8 July 2024 mandating all Ph publicly listed companies to upload the minutes of their regular and...
