Month

March 2018
Value-added Tax (VAT) is an indirect tax to be paid by the consumer of the product and/or service. Hence, it is important to know how VAT works. Read This :   Taxes in the Philippines Illustration: ABC Store buys its apples from its supplier, XYZ Corporation. The cost of the apple is PhP 100.00 (VAT Inclusive). […]
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Business Taxes in the Philippines Tax When is it paid? a.) Income Tax – This would depend in the set-up of the business.i. Sole Proprietorship – Graduated income tax from 20% to 35% depending on the net income.ii. Partnerships and Corporations – Corporate Income Tax of 30% of the Net Income or Minimum Corporate Income Tax of 2% […]
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Currently, The Philippines does not have a divorce law, leaving estranged spouses with two options, either file for Annulment or Legal Separation. Read This :   Family Law What is the difference between the two? The main difference between Annulment and Legal Separation is its effect on the marriage of the spouses. In Annulment, the marital ties […]
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