by Roma Mendenueta | Jun 13, 2025 | Tax Compliance, Business Tips, Doing Business in the Philippines
Operating a foreign-owned business in the Philippines offers various opportunities, especially when you plan to expand your business in the country. Diligent entrepreneurs, especially those who own small businesses, can find complying with tax obligations a tricky...
by Roma Mendenueta | Jun 10, 2025 | Doing Business in the Philippines, Business Tips, Tax Compliance
In starting up a business, it is crucial to understand the do’s and don’ts of operations to ensure smooth and seamless management. In terms of taxes, no matter how complex they may be, we must comply as they are an integral part of our day-to-day transactions. But...
by Manila Bookkeepers | Jun 3, 2025 | Tax Compliance, Doing Business in the Philippines
The BIR collected a record ₱2.85 trillion in 2024, thanks to aggressive enforcement and digital tools—proving that tax non-compliance is now easier to detect and punish. Penalties for late or incorrect tax filings can quickly snowball, with surcharges of up to 50%,...
by Roma Mendenueta | May 27, 2025 | Tax Compliance
Nowadays, we rely heavily on digital services to equip us with what we need, whether for essentials, wants, business, or leisure. With just one click, convenience is unmatched, making digitalization of services one of the go-to choices whenever we need a quick fix or...
by Manila Bookkeepers | May 22, 2025 | Doing Business in the Philippines, Business Tips, Tax Compliance
Truly, the Philippines is one of the countries that foreigners entrust their business in. With our competitive, efficient and skilled workforce, access to cutting-edge technology and not to mention, our capacity to adapt with norms and customs, it becomes our...
by Manila Bookkeepers | Apr 11, 2025 | Doing Business in the Philippines, Business Tips, Tax Compliance
Proper tax preparation helps businesses avoid penalties, overpayments, and unnecessary stress by keeping records accurate and up to date. Key documents like official receipts, financial statements, and payroll records are essential for smooth and accurate tax filing....