UPDATES
Find valuable insights, tips, and industry trends to help streamline your business operations and achieve your goals. At MGM, we want you to stay informed so your business can thrive even in the most challenging markets. Feel free to browse through our latest blog posts below.
BIR ISSUANCES DURING ECQ IN RELATION TO COVID-19 (March 17, 2020 to April 3, 2020)
We can all use a little help in this trying times, and your easy reference we have compiled here all the recent issuance of BIR
Accounting and Business Treatment on PWD Privileges
We know what privileges are given to PWD (Persons with disabilities), such as discount and VAT exemption on their purchases. The question now is how
PWD VAT Exemptions, and Discounts – RR 9-2019
BIR with the issuance of Revenue Regulation 9-2019 (RR 9-2019) amends sections of RR 05-2017 for the implementation of Act. No. 10754, entitled “An Act
105 Day Expanded Maternity Benefit
Good news for the workforce, differential from maternity leave benefit is tax-exempt. IRR for tax treatment of the extended maternity benefit was released by BIR
Philippines Nationwide Employment Demand
With the increasing demand for workforce, opportunities for employment are critical to service companies such as ITBPO. As of January 2019, the Philippine Statistic Authority
Transfer Pricing BIR Ruling
The dramatic increase in globalization of trade has also led to harmful tax practices that have resulted in tremendous losses of tax revenues for governments.
Tax Reform for Acceleration and Inclusion Act (TRAIN) – RA10963
On 19 December 2017, President Rodrigo Duterte signed into law package 1 of the TRAIN bill or Republic Act No. 10963. TRAIN law aims to
Ease of Doing Business & One Person Corporation
Business registration in the Philippines has not been the easiest among the ASEAN countries. In fact, this has been one of the disadvantages of doing
US Economic Policy on ITBPO
The United States of America (US) has released several statements in relation to bringing jobs to the US. These changes in policy are related to