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Filing corporate General Information Sheets and other annual reports in the Philippines in 2021
The recurring community quarantines and lockdowns due to rising cases of COVID-19 have prompted the Securities and Exchange Commission to extend the deadline for submitting the corporate General Information Sheet (GIS) for 2021...
PEZA benefits for businesses in the Philippines
The Philippine Economic Zone Authority (PEZA) was created to foster employment opportunities around the country and to spur exports. PEZA is meant to encourage foreign and local investors to establish export-oriented manufacturing...
Is the adoption of a Filipino child in another country recognized in the Philippines?
Is a US adoption valid in the Philippines? Let us say that the adoption of a Filipino child took place in the United States or Canada or Europe for that matter. Can that adoption be recognized in the Philippines so as to change th...
The income tax rate of corporations lowered in the Philippines
The CREATE law has lowered corporate income taxes in the Philippines. The article below discusses the corporate taxes that were affected: • Corporate tax rates • Minimum Corporate Income Taxes (MCIT) • Improperly Accumulated...
What happens to a foreigner’s assets when he dies in the Philippines?
A foreign citizen may settle in the Philippines and live here for years, finally passing away far from family in his home country. When it comes time to settle his estate, his family abroad might not know how to begin searching fo...
