RMC 49-2022: Amendment of Q and A in RMC 24-2022 (Numbers 10, 17, 31 and 33)
Aligning provisions of RMC 24-2022 with the provisions of CREATE Act Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 49-2022 was issued on April 19, 2022 amending RMC No. 24-2022 to align the provisions with the CREATE Act and its Implementing Rules and Regulations (IRR). I. Deferment of RR No. 09-2021 (Answer […]
Introducing the New Electronic Invoicing Systems (EIS)
E-invoicing/ E-receipting requirement that affects businesses that are engaged in e-commerce and export and those classified as large taxpayers Section 237-A of the National Internal Revenue Code (NIRC), as amended through Republic Act (RA) 10963 or the “TRAIN” Law is a talking point nowadays as the BIR tapped the country’s top 100 large taxpayers to […]
P-Innovator Summit Awards Series: Naturale Labs, Inc.
Dragon Edge Group (DEG) subsidiary Naturale Labs, Inc. has helped introduce innovative products that remain competitive in the Asian market. DEG’s quality products include Cycles baby laundry detergent, Beach Hut sunblock, Cradle baby bottle cleanser products, and Bliss and Felina personal lubricant. A total of 13 DEG products currently perform well in today’s Asian market. […]
P-Innovator Summit Awards Series: COINVILLE PHILIPPINES Phils. Inc.
In 2019, the Bangko Sentral ng Pilipinas (BSP) green-lit COINVILLE Philippines, Inc. into the country’s cryptocurrency exchange industry. At that time, the industry was well on its way to a significant rise in interest among traditional portfolio managers and modern investors, with virtual currency exchange firms experiencing up to a 15-fold customer increase. As a […]
P-Innovator Summit Awards Series: Talk Innovation Corp.
According to Defend Jobs Philippines, 80% of food establishments were adversely affected by the COVID-19 pandemic as of March this year. As the health crisis continued to shutter countless restaurants and diners in the country during the height of the pandemic last year, Filipino consumers looked online for solutions to solve their hunger pangs. Talk […]