Learn something new.
In the past, very little attention was given to online stores, especially by our taxing authorities. However, with the government imposing community quarantines, the popularity and utility of online stores has hit an all-time high. The underside of this rise in popularity is that it has come into the radar of the BIR. In recent months, calls have been made to tax these online stores/sellers. Expectedly, these calls have been met with staunch opposition from the online seller community. But I think there is a disconnect with the understanding here. Our tax laws provide for 0% tax rate. That’s right, zero. Let us explain.Read More
With the COVID-19 pandemic continuously wreaking havoc on economies around the world, more and more people are finding themselves strapped for cash. With hundreds – if not thousands – of businesses closing shop either temporarily or permanently and a lot more downsizing their operations, employees are left without any means of livelihood. A a substantial number have resorted to borrowing money from a multitude of lending companies now operating within the country.
The problem starts when the borrowers become unable to pay back their loans.
With the current pandemic still raging in our country especially in Metro Manila, a lot of companies have switched from onsite operations to employees working from home where possible. This, of course, conjured up a lot of questions both from the employees and the employers alike. We would try to answer some of them here.Read More
The passage of the Anti-Terror Bill by both chambers of Congress caused a deluge of criticism from Filipinos. It has sparked a debate about the provisions of the bill and how it would affect the lives of Filipinos once it is signed into law.
Like all things, there are two sides to every debate. On the one hand, those against the bill claim that it unduly tramples on Constitutionally guaranteed freedoms like the Freedom of Expression. On the other side of the aisle, those pushing for the bill claim that it is necessary for our national security.Read More
A good number of our population lease the houses (including rooms, apartments, and other forms of leased accommodations) that they are living in. But with the imposition of the community quarantines in its different forms throughout the country many were unable to go to work or make a living. A question thus became apparent: Do we still need to pay our rent during the period of the community quarantine?Read More
Planning to work overseas? Do not “skip the line” or else you might fall on your face. One has to remember that these safeguards are there to ensure that our OFWs gets the best deal when applying abroad. To skip the process, the OFW risks foregoing the protections granted by law to them.Read More