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Business Registration in the Philippines

  • Registering a Corporation in the Philippines The most common form of corporate vehicle used by foreign investors is the corporation. The main advantage of the corporate form is its limited legal liability. In addition, doing business through a corporation or subsidiary allows room for Philippine equity participation in certain business activities, which would otherwise be restricted. The liability of the shareholders of a corporation to third parties is limited to the amount of their share capital except in cases of fraud. A shareholder is liable for damages arising from a breach of fiduciary duties, fraud, gross negligence and other unauthorized acts.All foreign entities other than individuals doing business in the Philippines are required to register with the Securities and Exchange Commission whether as domestic corporations ...
    Posted Oct 20, 2011, 8:39 AM by Admin ---
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Philippine Taxation

  • The Philippine Tax System I. Introduction to the tax systemThe laws governing taxation in the Philippines are contained within the National Internal Revenue Code.  This code underwent substantial revision with passage of the Tax Reform Act of 1997.  This law took effect on January 1, 1998.Taxation is  administered  through the Bureau of Internal Revenue which comes under the Department of Finance.  The chief executive of the Bureau of Internal Revenue is the          Commissioner who has exclusive and original jurisdiction to interpret the provisions of the code and other tax laws.  The commissioner also has the powers to decide disputed assessments, grant refunds of taxes, fees and other charges and penalties, modify payment of any internal revenue tax and abate or cancel a ...
    Posted Oct 10, 2011, 10:43 PM by Admin ---
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News & Updates

  • Full Statement of Mega World in Connection with the ongoing impeachment trial of Chief Justice Corona With the ongoing impeachment proceedings, there have been a number of reports and news articles that have mentioned the developments of our company, Megaworld Corporation, in relation to the much ...
    Posted Jan 31, 2012, 2:40 AM by Admin ---
  • Drug Leader Linked In 600 Killings Arrested In Mexico The Mexican police scored big on its anti-illegal drugs campaign when it successfully arrested a drug leader tagged in the death of 600 people in the Latin country.Based ...
    Posted Oct 17, 2011, 10:51 AM by Admin ---
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Blogs / Articles

  • Guide in Choosing a Good Forex Broker The more we live the more we find out that we are dependent on many things besides our wits. Smartness will only get us so far, but unless we make ...
    Posted Oct 12, 2011, 6:10 AM by Admin ---
  • Introduction to Forex Trading Most people have heard of trading, like the New York Stock Exchange, and Forex trading isn’t far off from that. The difference is, is that Forex trading is the ...
    Posted Oct 12, 2011, 6:13 AM by Admin ---
  • Forex Trading Guide Trading money in the global markets can be a great way to make more of it, it can also be a lesson in how to lose money quickly. More than ...
    Posted Oct 12, 2011, 6:14 AM by Admin ---
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