Philippine taxes cover national and local taxes. National taxes are imposed and collected by the national government through the Bureau of Internal Revenue (BIR) while local taxes are collected by local government units.
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Back in December 2016, the Department of Labor and Employment (DOLE) expressed their desire to abolish the practice of contracting and sub-contracting, better known as “Endo.” The “Endo” practice has been strongly opposed by President Rodrigo Duterte, whose 2016 campaign promise to prohibit “Endo” remains to be seen.
The Department of Labor and Employment’s (DOLE) DO 174 was a massive disappointment for workers who were seeking an end to contractualization, or what’s commonly known as “Endo.” While “Endo” practice, which has been around for decades, is not written into the outdated Labor Code, it’s a widely accepted practice that places workers in situations where their rights and benefits aren’t protected by the law.
Tax Reform is high on the Duterte Administration’s agenda. In a near unanimous majority, and after the consolidation of 55 separate bills, House Bill 5636, or the Tax Reform for Acceleration and Inclusion or “TRAIN” was approved by Congress on May 15. House Bill 5636 is not the law, yet.
Understand the evolving risk: It is important to be vigilant of the different forms of how hackers scheme their way in and access your confidential files.
We provide FDA Registration Services to help local and foreign companies secure a License to Operate (LTO) and a Certificate of Product Registration (CPR) from the Food and Drug Administration (FDA) before they introduce their product in the Philippines.
Carpo Law & Associates (CLA) or the Firm wishes to inform the general public that these circulating service agreements were not written and issued by the Firm and that the persons stated in the circulating service agreement are not connected and have no relations whatsoever with the Firm.
After months of consultation and research, the Department of Labor and Employment of the Philippines through Secretary Silvestre Bello III signed the new contractualization order which hopes to regulate contractualization and protect workers rights in the country.
The approval of the 2017 Philippine Investment Priorities Plan (IPP) by President Rodrigo Duterte has prompted investors to revisit opportunities in establishing and expanding businesses within and outside Metro Manila. It would be to any business’ advantage to consider maximizing the incentives provided by the BOI and DTI through the 2017 Investment Priorities Plan.
The Bureau of Internal Revenue has issued new procedures to claim preferential tax treaty benefits for nonresidents covered by tax treaties signed by the Philippines with other countries. Non-residents may now enjoy preferential withholding tax rates for dividends, interest, and royalty earnings from domestic sources.