Tejano Accounting & Law Office

Implementing Rules for Republic Act 10909 known as No Shortchanging Act Issued

“Under the R. A. 10909, all business establishments, including sari-sari stores, and government-owned and controlled corporations and government agencies performing proprietary functions, are mandated to give exact change to consumers and are prohibited from giving other forms of change like candy in lieu of monetary change.”

“The IRR specifies that it shall be the duty of business establishments to: give the exact amount of change without waiting for the consumer to ask for it…”

“Business establishments found to have violated the provisions of the Act face the penalty ranging from P500.00 to P25,000.00 or 3% to 10% of gross sales on the day of violation, whichever is higher. Furthermore, a penalty for the third offense includes the suspension of license to operate for three (3) months, and its revocation for the fourth offense.”

DTI issues IRR on No Shortchanging Act | Department of Trade and Industry Philippines The Department of Trade and Industry (DTI) has issued the Department Administrative Order No. 16-03 Series of 2016 on the Implementing Rules and Regulations (IRR) of the Republic Act No. 10909 or the “No Shortchanging Act of 2016” last December 2016. The said IRR was signed by DTI Secretary Ramo...

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Submit your application letter with your updated resume and contact details to [email protected]

Email your application letter and updated resume to [email protected]

Submit your application letter with your updated resume and contact details to [email protected]

📣📣📣 SEC Amnesty Program extended until Nov. 06 only

📣📣📣Reminder to all Taxpayers

With the deadline fast approaching, the BIR is reminding taxpayers to file their 2023 3rd Quarter Percentage Tax Return and pay the Tax Due thereon on or before October 25, 2023.

📣📣📣Reminder to all Taxpayers

With the deadline fast approaching, the BIR is reminding concerned taxpayers to file their Monthly Remittance Returns (Value-Added Tax and Other Percentage Taxes) and pay the tax withheld for the month of September 2023 on or before October 10, 2023.

Make Compliance a part of your company’s culture.