The continuous digital transformation in the Philippines paved the way to the technological advancement of the Filipinos participating in the trending gig economy. The gig economy is a free -market system which operates as a general workforce environment where short-term employment, contractual jobs and independent workers are very much common. The exchange of labor and […]
The Philippines is globally known to providing Business Process Outsourcing (“BPO”) services to different business enterprises in the global market. The BPO is one of the fastest growing industry in the country which is also known to providing good-paying jobs to Filipinos. Its continuous exponential growth remains to be the best driving force for economic
The Philippines is an archipelagic country in Southeast Asia bounded by the two major trade routes – the Pacific Ocean and the South China Sea sharing maritime borders with Taiwan, Japan, Palau, Indonesia, Malaysia, Vietnam and China. Its strategic location makes it a natural gateway to the Asian market. It has three main geographical divisions from North to
Partnership is another juridical person, having a separate legal personality from that of its members registered under the Securities and Exchange Commission (SEC). It may either be general partnership, where partners have unlimited liability for the debts and obligation of the partnership; or limited partnerships where one or more general partners have unlimited liability while
The SEC may revoke or suspend the license of a foreign corporation in any of the following grounds:
It is a business structure owned by an individual who has full control and authority of its own assets and personally owes and answers all liabilities or suffers all losses but also enjoys all the profits to the exclusion of others. A Sole Proprietorship must apply for a Business Name and be registered with the
Corporations are juridical persons established under the Revised Corporation Code of the Philippines (RA 11232) and regulated by the Securities and Exchange Commission (SEC). It is separate and distinct from its shareholders thus the liability of the shareholders of a corporation is limited to the amount of their share capital. A corporation may be formed
The Bureau of Internal Revenue (BIR) said it would carry out on a pilot basis the e-invoicing, e-receipting and e-sales system (EIS) starting July. Large-scale taxpayers, e-commerce and export firms are mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) Law to issue digital invoices and receipts by July.