News & INSIGHTS
US Dollar Account in Ph still exempted from Estate Tax
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 Deposit Act of the Philippines are exempted from estate tax
SEC updated penalties for AFS, GIS, & MC No. 28 violations
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...
Ph now imposes 12% VAT on digital services of non-residents
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....
GPP Global Outsourcing Hub joined 2025 Kalibo Ati-atihan Festival
The town of Kalibo, Province of Aklan where GPP Global Outsourcing Hub is located is the home of Ati-atihan Festival, a week -long religious cultural street dancing festival celebrated as a show of faith to the Lord in gratefulness of the blessings during the year and...
LGP officially a LEA Global Member Firm in Ph
Pleased to announce that L. Gomez Partners and Co. CPAs is now officially a member of LEA Global (Leading Edge Alliance), a prestigious international association of independent accounting firms.
L. Gomez Partners & Co., CPAs celebrates the blessing of its new office location!
L. Gomez Partners & Co., CPAs celebrates the blessing of its new office location for its growth, success and shared blessing.
TaxAcctgCenter Ph Alliance Member Firms joined the 2024 Inter-firm Friendly Bowling Tournament
Our member firms - GPPCPAs, FY Rojas & Associates, LGP CPAs, and Tax & Accounting Center, Inc. joined the Dec. 2024 bowling event showcasing their bowling talents in friendly competition with colleague firms.
TaxAcctgCenter Ph Alliance joined FY Rojas Foundation’s charity event
TaxAcctgCenter Ph Alliance collaborated with its member firm, FY Rojas & Associates, CPAs in conducting an Outreach Program last November 30, 2024 at its beneficiary school, Manggahan Elementary School, Pasig City through its charity arm, FY Rojas Foundation. The...
Ph Bans Offshore Gaming Operations (POGO)
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...