Navigating New Horizons – Doing Business in The Philippines Guide 2025
The Philippines recorded a 5.6% GDP growth rate in 2024, making it the second-fastest-growing economy in ASEAN. Despite global economic uncertainties, the country has demonstrated resilience, fueled by strong domestic consumption, strategic investments, and a thriving financial services sector. With projections remaining bullish for 2025, businesses have a prime opportunity to expand and succeed in […]
i-Lead Academy Manual for Members/Students
Registration Please make sure to take note of your password since the platform does not have a forgot password feature. Sign In Course Registration For paid courses, click the course price and follow the instructions on how to pay for the course. Getting your Certificate For inquiries and assistance, you may contact us through the […]
Foreign Currency Transactions Treatment for Financial Reporting and Tax Reporting Purposes
Revenue Memorandum Circular (RMC) No. 12-2024 RMC No. 12-2024, which was issued on 22 January 2024, intends to clarify the treatment of foreign currency transactions for financial reporting and internal revenue tax purposes. The Circular excludes banks and other financial institutions and those using functional currencies other than Philippine peso. Below is the summary of […]
2023 YEAR END and 2024 1st QUARTER Reportorial Requirements
A number of information returns and other compliance requirements for taxpayers in the first ninety (90) days or so of every year are mandated to be submitted. There are relative penalties imposed on non-compliance. We are issuing this reminder to ensure our compliance and to avoid any unwanted fines and penalties. Here’s a reminder that […]
Charting the New Frontier: How the 43rd ASEAN Summit Paves the Way for an Unprecedented Era of Trade and Innovation in Southeast Asia.
The 43rd ASEAN Summit is set to take place in Jakarta, Indonesia, from September 5 to 7, 2023. This summit will bring global leaders together to address critical issues, mainly focusing on security and trade within Southeast Asia. Among the attendees is the Philippines, a dedicated member of ASEAN. President Marcos Jr. will emphasize various […]