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Tax
attorney makati
Nothing is forever, except change. The wise words of Buddha proclaim the undeniable truth that the only thing constant is change. Life is a process of becoming; thus, we should always keep ourselves abreast with the changing times. After all, progress is impossible without changing the status quo. For most of us, we see New...
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Death is not often the subject of conversations, especially in Filipino culture. People only talk about it when the reality comes, and together with this, comes the talk about the estate left behind by the decedent. Because of this, Filipino families tend to neglect the duty to settle the taxes that is imposed on the...
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For those who have encountered a political post in a couple of social media channels, you have most likely seen the comments of angry citizens asking if the poster have any contributions in this country so far, which is then frequently rebutted with “I pay my taxes!” remark. It might appear a little absurd, but...
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“Starting up a business is the easiest thing in the world,” said no one ever. We all know that there are too many things to take care of not only when starting a business but also even after it has been established. Most of the time, a large amount of money is involved in this […]
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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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Tax Incentives: What to know? For businesses to avail of certain tax incentives, it may register with either the Philippine Economic Zone Authority (PEZA) or the Board of Investments (BOI). In registering with either PEZA or BOI, the business may avail of 4 to 8 years of income tax holiday or a preferential tax rate […]
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