The Basics of Beneficial Ownership in the Philippines
As a business owner in the Philippines, it is important to understand the concept of beneficial ownership. In simple terms, a beneficial owner is someone who has the right to enjoy the benefits of ownership of an asset, even though the legal title is held by someone else. In this guide, we will discuss the […]
ChatGPT, Netflix, Microsoft, Google & Other A.I. Sites Subscriptions Taxable in the Philippines?
Unraveling the Digital Tax Enigma
In the digital age, the world is at our fingertips. We are more connected than ever, from streaming our favorite shows on Netflix and using A.I. services like ChatGPT to subscribe to software licenses from Microsoft or Google. But have you ever stopped to consider these digital transactions’ tax implications? In international taxation, the place […]
The Power of Tax Residency: A Guide to Maximizing Your YouTube Earnings
Understanding your tax residency can be a game-changer in international taxation, especially for digital content creators like YouTubers. But what exactly is tax residency, and how can it help you keep more of your hard-earned money? Tax residency refers to the jurisdiction (or jurisdictions) where you are considered a resident for tax purposes. This is […]
Lazada, Shopee and Online Platform Merchants are Reminded of their Tax Obligations
The digital revolution has transformed the business landscape in the Philippines. E-commerce platforms like Lazada, Shopee, and Zalora have made buying and selling goods and services more accessible. But with these new opportunities come new tax obligations. Understanding your tax responsibilities is crucial whether you’re a merchant selling your products online or a platform provider […]
CRYPTO TAXES DECODED: UNDERSTANDING YOUR DIGITAL DUTIES
In the era of globalization, the world is witnessing a profound transformation in the way financial transactions are conducted. Cryptocurrency has emerged as a disruptive force with the ability to transform the global economy as it opens up new channels for cross-border transactions, investment opportunities, and financial inclusion as old barriers to commerce and finance […]