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Tax reforms for 20% income tax rate cap, exemption of first P400k earnings pushed MANILA, Philippines — A new tax reform package that would set the maximum individual income tax rate at 20 percent and spare from tax a person's first P400,000 annual ...

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Filing, payment and submission of reports EXTENDED by BIR during MECQ and ECQ period.

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BIR further extends the deadline for business registration of those into digital transactions under RMC Nos. 60-2020 and 75-2020.

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TAX ALERT FOR ONLINE BUSINESSES!

The deadline for business registration of those into digital transactions is further extended to September 30, 2020 (from the original deadline of August 31, 2020). - BIR RMC No. 92-2020

Source:

www.bir.gov.ph

Revenue Regulations No. 18-2020

Implements Section 1 of Republic Act (RA) No. 11467, further amending Section 109 (AA) of the NIRC of 1997, as amended by RA No. 10963 (TRAIN Law), providing for VAT Exemption on the sales and importation of drugs and medicines prescribed for diabetes, high cholesterol, hypertension, cancer, mental illness, tuberculosis and kidney diseases (Published in Malaya Business Insight on July 9, 2020)
For full text, http://ow.ly/83I330qXrw7

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Reasons to Hire an Accounting Firm ⋆ MC Finance For many startups, the cost of hiring an accountant can be high. In case you do not have a sufficient budget, you can hire an accounting firm.

Do what most people won't do, so that you can do what most people can't. You only live once, make it count.

How can you make your business and investments come out of this crisis bigger, better and stronger?

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