Keeping track of your business transactions and expenses is a crucial part of running your own business. Regularly tracking your expenses allows you to ease your procedures when tax season comes around.
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The Philippine Congress recently passed a measure that extends the estate tax amnesty deadline by two years. Senator Juan Edgardo Angara welcomed the House of Representatives’ adoption of the Senate Bill (SB) No. 2208, which carries the amendments to Republic Act (RA) No. 11213, also known as the Tax Amnesty Act of 2019.
The Bangko Sentral ng Pilipinas (BSP) is seen to maintain low interest rates until the end of 2021 as loan disbursements of banks continue to shrink due to the persisting COVID-19 pandemic.
The Department of Finance (DOF) announced on Monday, May 3, its plans to complete the passage of the Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill by mid-2022.
Deputy Speaker Rufus Rodriguez calls the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to extend the deadline for the filing of annual income tax return (AITR) by at least 30 days.
The Bangko Sentral ng Pilipinas (BSP) and the Department of Finance (DOF) expressed their support for a bill allowing the Philippine Development Insurance Corporation (PDIC) to flexibly adjust the maximum deposit insurance coverage in the Philippines.
The Board of Accountancy (BOA) issues Resolution No. 36-2019, repealing previous resolutions on the requirement of a compilation certificate for financial statement (FS) preparations in the Philippines.
The Department of Finance (DOF) announced on Thursday, February 25, the exemption of COVID-19 vaccine imports from tax and duties as the government rolls out the first batch of vaccines in the Philippines.
Senate Finance Chair Juan Edgardo Angara proposed a bill waiving the donor’s tax for any donation of drugs, vaccines, and other medical supplies specifically prescribed for the treatment of COVID-19 in the Philippines.
The Department of Finance (DOF) is expecting a nationwide implementation of the fuel marking program along with several digitization projects to improve tax administration in the Philippines in 2021.