Business
Business Regulation and Risk in the Year Ahead: What Companies Should Be Watching in the Philippines
As regulatory systems, technology, and enforcement continue to evolve, businesses face quieter but meaningful shifts in risk and opportunity. This article outlines the key developments shaping logistics, environmental compliance, technology, and dispute resolution in the year ahead, and how integrated legal thinking supports long term decision making.
File Smart: A Practical Guide to the SEC General Information Sheet (GIS) Requirement in the Philippines
Filing your General Information Sheet (GIS) is more than a compliance requirement but a measure of transparency and corporate integrity. Learn how the SEC’s eFAST system simplifies GIS submission and what your company needs to know to stay compliant.
SEC Memorandum Circular No. 03-2025: Fast, Paperless, and 100% Digital Company Registration
The SEC has rolled out SEC ZERO, a fully digital, paperless company registration system, effective April 2025. Under Memorandum Circular No. 03-2025, corporations using eSPARC and OneSEC must now process registrations online — no notarization, no hard copies, 100% digital.
New Government Procurement Act in the Philippines: Key Changes Businesses Need to Understand
The New Government Procurement Act or RA No. 12009 changes how public procurement is planned, evaluated, and managed in the Philippines. This guide explains the key reforms, what suppliers and contractors should prepare for, and why early legal review matters.
Financial Scams on the Rise: Fraud-Proof your Financial Account through AFASA
Acknowledging the need to protect the public from cybercriminals and criminal syndicates who exploit financial accounts for fraudulent activities, the government enacted the Republic Act No. 12010, otherwise known as the Anti-Financial Account Scamming Act (“AFASA”) which regulates the use of financial accounts and prevents their use in fraudulent activities.
Shop Smart, Stay Protected: Your Rights Under the Consumer Act This Holiday Season
The holiday rush is here! But don’t let defective products, misleading promos, or scams turn your cheer into jeer. By understanding your rights under the Consumer Act of the Philippines, you can shop confidently and hold sellers accountable when things go wrong.
Legally Designed: Why Licensed Architects are Key to your Building projects
As we honor your contributions, we also want to emphasize the importance of engaging licensed architects to ensure compliance with legal standards. Remember, only registered professionals can prepare, sign, and seal architectural documents, safeguarding not just your projects but also your investments. Thank you for your hard work and commitment to excellence!
SEC Filing Requirements and Penalty Updates for Philippine Corporations in 2024
In 2024, staying compliant with the SEC’s updated regulations is more crucial than ever for corporations in the Philippines. With mandatory eFAST submissions and increased penalties for late filings, it’s essential to understand your obligations and act promptly. From the timely submission of your General Information Sheet to the accurate filing of your Audited Financial Statements, our latest guide breaks down everything you need to know to stay ahead of the curve.
To Infinity and Beyond: A Guide to Taxation of Cross-Border Services in the Philippines
Let us carefully go through the list of cross-border services and essential factors for application of and exemption from Philippine taxation established in BIR RMC Nos. 5-2024, and 38-2024, following the interesting ACES Philippines ruling taxing outer space satellite activities!
Promoting a Green Economy through Green Tax Incentives
In 2016, the Philippines took a significant step towards sustainable development with the passage of Republic Act No. 10771 or the Philippine Green Jobs Act. This groundbreaking legislation promotes the creation of green jobs by providing tax incentives to businesses which contribute to environmental sustainability in economic development.
In line with this, the Bureau of Internal Revenue (BIR) issued Revenue Regulation 05-2019 specifying tax deductions and incentives for businesses offering green jobs and eco-friendly practices. In addition, the Bureau of Customs (BOC) is also mandated to exempt the importation of capital equipment used in the promotion of green jobs from payment of duties and taxes.