TAX AMNESTY ON DELINQUENCIES (TAD) and VOLUNTARY ASSESSMENT AND PAYMENT PROGRAM (VAPP)
Extension of availment of the following until June 30, 2021 (LAST CALL) TAD – 40%-60% of basic tax – VAT and Income Tax and 100% of basic tax – Withholding Tax VAPP – 1%-5% of Gross Sales, 5%-9% of Taxable Net Income, or Minimum amount of P75,000 to P1,000,000 based on subscribed capital, whichever is higher. The Bureau of […]
OFFICE OF THE PRESIDENT’S MEMORANDUM ORDER NO. 50: THE 2020 INVESTMENTSPRIORITIES PLAN (IPP)
Approving the 2020 Investment Priorities Plan to include the qualified activities relating to Covid-19 pandemic response and the “Balik Probinsya” program. On November 18, 2020, President Rodrigo Duterte, through the issuance of Memorandum Order No. 50, approved the 2020 Investment Priorities Plan (IPP) which typically includes the qualified activities relating to the Covid-19 pandemic response […]
GOING GLOBAL – THE RIGHT WAY
International ambition makes sense post-COVID, but make sure you are fully prepared to meet the challenges ahead BY: Rhys Madoc, CEO, UHY International Albert Einstein’s assertion that “in the midst of every crisis lies great opportunity” is perhaps a crumb of comfort in the harsh COVID-era commercial landscape. Business is suffering through the crisis, but vaccines […]
CAPABILITY IN A TRUSTED RELATIONSHIP
READ WHAT BUSINESSES HAVE TO SAY ABOUT WORKING WITH UHY MEMBER FIRMS The 2021 UHY Capability statement is now available to read online. (SEE ATTACHED FILE) Inside, you will find seven client stories from around the world. Some showcase how UHY’s member firms work together across borders to support clients expanding internationally. Others demonstrate the […]
New VAT Rules From BIR Raise Concerns Among Export Groups
Many in the local export sector might be considering how the recent issuance of Rules and Regulations (RR) 9-2021 from the Bureau of Internal Revenue (BIR) can be rather ill-timed or otherwise, unfair. Considering that Companies are just on the brink of rebounding from a global economic quagmire brought about by COVID-19 pandemic, and in consideration of […]