#Bureau of Internal Revenue (BIR)

[carlocarrasco]

Withholding tax on online sellers could address revenue leakages

With the 1% withholding tax on online sellers already in effect, there is potential that the said tax could address revenue leakages, according to a BusinessWorld news article. To put things in perspective, posted below is an excerpt from the BusinessWorld news article. Some parts in boldface… THE GOVERNMENT should ensure that it will be able to properly implement and monitor the collection of…

[justanother-fanficwriter]

NCIA Agent Part 2 Trese Fanfic.

I finally managed to find the bar. I pass by this place all the time but never went in. Yet, I never knew it was the place of my long lost cousin?

"need anything?"

The bartender asked.

"I need to talk to the owner of this bar."

I say to him in a serious manner, while showing him my fake BIR (Bureau of Internal Revenue) ID."

"Pero, she just paid her taxes!"

"we just need to talk!"

Suddenly Alexandra appeared.

"Hank! Let him up!"

Alexandra scolded Hank.

"Ay, sorry bossing..."

He apologized.

"Who are you to just approach a crime scene like that, then stop my job?"

"That information is confidential. We just need to inspect you."

I replied to her in a similarly serious stone.

"I'm an asset of the Manila Police! Tell me who you work for!"

She demanded.

"That information, is also confidential."

I replied before standing up and checking her stuff. They all seem to be legit.

"Have some privacy!"

I checked and almost knocked over a bottle of dragons blood.

"Hey!!!"

She complained.

"That's all for now!"

I say before walking out.

Her bodyguards blocked me.

"You think I'm scared?"

I say looking at them dead in the eyes.

They suddenly moved aside before I got into my car.

Later at night, I snuck into their window with the ladder in my Mitsubishi L300 disguised as a PLDT (a telecommunications company) van.

I managed to put a bug/microphone in her vent.

I managed to sneak out.

I drove off.

The following day. I was listening to their conversations.

"That man had the audacity to talk to me like that? Doesn't he know who I am?"

"Who are you anyway?"

Basilio said as a joke.

I suddenly heard him grunt. Probably because he got pinched or maybe flicked.

"I am an asset of the police in solving unexplained cases!"

I knew it was her! I found my cousin. But suddenly.

"That vent seems to be upside down!"

Crispin says out of the realisation.

"ugh! Kuya!! You're so stupid!"

My sister reacts.

"Sorry na!"

I angrily apologised.

The sliding door of the van suddenly opened.

"You're eavesdropping on us?"

I saw alex standing in front of the door.

"No"

I simply said before she suddenly handed me a box of pizza.

"it's obvious! You have a laptop and headphones! Why are you so obsessed with me!"

"I don't wanna say it again, but, It's confidential..."

I say before sliding the door closed. And starting the engine of my 2018 Hiac Electro Magnetic Pulse Van (E.M.P.V.).

I drove off and I got prepared for a Job the next day. That way, I can lure Alex.

[lioncitblogger]

Tax Implications of Inherited Property in the Philippines

Inheritance is more than just a transfer of assets—it’s a transfer of responsibility. In the Philippines, inheriting property comes with legal and financial obligations, particularly when it comes to taxes. Understanding the tax implications inherited property Philippines is crucial for heirs to ensure compliance and avoid unnecessary penalties.

What Is Estate Tax in the Philippines?

Estate tax, often referred to as inheritance tax, is a 6% tax levied on the net value of a deceased person’s estate. This tax must be settled before any property can be transferred to the heirs. The estate includes all tangible and intangible assets owned by the decedent at the time of death.

Key Points About Estate Tax

Flat Rate: The estate tax rate is 6% under the TRAIN Law, applicable to estates exceeding ₱200,000.

Allowable Deductions: Funeral expenses, medical bills, family home deductions (up to ₱10 million), and other liabilities can reduce the taxable estate.

Deadline: The estate tax must be filed and paid within one year from the decedent’s death to avoid penalties or surcharges.

Filing Estate Taxes: A Step-by-Step Guide

1. Determine the Gross Estate Value

The gross estate includes all properties, such as real estate, vehicles, shares of stock, and other assets.

2. Subtract Allowable Deductions

Deductions like unpaid debts, funeral expenses, and medical bills incurred before death can significantly lower the taxable estate value.

3. Calculate Estate Tax Due

Apply the 6% flat rate on the net taxable estate (gross estate minus deductions). For example:

Gross Estate: ₱10 million

Deductions: ₱3 million

Net Taxable Estate: ₱7 million

Estate Tax Due: ₱7 million × 6% = ₱420,000

4. File with the Bureau of Internal Revenue (BIR)

Submit required documents such as proof of death, asset valuations, and tax computations to the BIR within one year of death.

Extrajudicial Settlement of Estate With Waiver

If there is no will, heirs often use an extrajudicial settlement of estate with waiver to divide assets without court intervention. This process allows heirs to waive their rights to certain portions of the inheritance in favor of other heirs. However, this requires public notice through newspaper publication and payment of estate taxes before any property transfer is finalized.

Common Challenges in Inheritance Tax Compliance

Missed Deadlines: Late filing results in penalties and interest charges that can significantly increase costs.

Disputes Among Heirs: Disagreements over asset division can delay tax payments and property transfers.

Incomplete Documentation: Missing documents like land titles or proof of ownership can stall the process.

Tips for Managing Inherited Property Taxes

Start Early: Begin preparing documents and computing taxes as soon as possible after a loved one’s passing.

Consult Professionals: Seek advice from lawyers or tax experts to ensure compliance with Philippine laws.

Maximize Deductions: Take advantage of allowable deductions to reduce your taxable estate value.

Use Extrajudicial Settlement When Appropriate: This can simplify asset division among heirs while waiving unnecessary claims.

Final Thoughts

Navigating the tax implications inherited property Philippines doesn’t have to be overwhelming with proper planning and professional guidance. By understanding estate tax rules and utilizing tools like extrajudicial settlements, heirs can ensure a smooth transition of assets while honoring their loved one’s legacy.

For more detailed advice on inheritance laws and processes in the Philippines, visit Lawyers in the Philippines.

[stuffcollections]

To bolster tax compliance within the Philippines, the Bureau of Internal Revenue (BIR) introduced Revenue Regulations No. 1-2014. Under this regulation, all employers are mandated to furnish the BIR with an alphabetical list, commonly known as the BIR Alphalist of Employees.

[taxassistph]

Understanding the Basics of Income Tax Return (ITR) Forms in the Philippines

Filing your income tax return (ITR) may sound overwhelming, especially if it’s your first time. But with the right tools and knowledge, the process becomes manageable and straightforward. In this guide, we’ll explore an income tax return sample, its purpose, and how to file it efficiently. Whether you’re an employee, self-employed, or a business owner, knowing the proper steps can help you avoid errors and penalties while staying compliant.

What Is an Income Tax Return (ITR)?

An Income Tax Return (ITR) Form is a formal document submitted to the Bureau of Internal Revenue (BIR) that declares your income, allowable deductions, and the taxes you’ve paid or still owe within a taxable year. It serves as proof that you’ve met your tax obligations and are compliant with the country’s tax system.

The ITR isn’t just a legal requirement—it also plays a significant role in financial transactions. For instance, it may be required when applying for loans, visas, or other services that assess your financial credibility.

But here’s the key: the type of ITR form you need to file depends on how you earn your income. This is where things can get tricky, so let’s discuss the different forms available.

Types of Income Tax Return Forms in the Philippines

The BIR has multiple ITR forms, and using the correct one is critical. Filing the wrong form can lead to rejection, penalties, or delays, so it’s important to know which one applies to you.

1. BIR Form 1700

This form is for individual taxpayers earning purely compensation income. These are employees whose income comes solely from their salaries or wages and who do not have additional sources of income like side businesses or freelancing gigs.

When to Use:

If you are employed by one or more companies during the taxable year.

If your employer has already withheld taxes on your salary and submitted these to the BIR on your behalf.

2. BIR Form 1701

The 1701 form is for self-employed individuals, including sole proprietors and professionals, who earn from the practice of their profession or business. It applies to those who opt for itemized deductions rather than using simplified tax rates.

When to Use:

If you are self-employed and want to deduct specific expenses like rent, supplies, or operational costs to reduce taxable income.

If you are earning from multiple sources, including both business and compensation income.

3. BIR Form 1701A

This is a simplified version of the 1701 form and is intended for self-employed individuals or professionals who chose the 8% tax rate or graduated income tax rates under the TRAIN Law.

When to Use:

If you are self-employed and prefer a straightforward computation by using the optional 8% tax rate on gross sales/receipts or the graduated income tax rates.

If you have registered your business or profession and are availing of a simplified tax structure.

4. BIR Form 1701Q

The 1701Q form is the quarterly income tax return for self-employed individuals, professionals, or mixed-income earners. This form ensures that taxpayers report their income and pay taxes quarterly, avoiding a large lump sum payment at year-end.

When to Use:

If you fall under the categories mentioned above and need to declare your income every quarter (e.g., April, August, and November deadlines).

To adjust taxes throughout the year based on actual income earned per quarter.

Why It’s Important to Know the Right Form

Filing the correct ITR form is more than just a compliance measure; it directly affects your filing accuracy and avoids unnecessary headaches:

Accurate Tax Reporting: Filing the wrong form could lead to overpayment or underpayment of taxes, both of which can result in penalties.

Proper Documentation: Using the correct form ensures that your income sources are correctly categorized, which is crucial for audits or when applying for financial services.

Legal Compliance: Mistakes in filing, including using the wrong form, can lead to violations of tax laws and potential legal consequences.

Income Tax Return Sample

Let’s look at an income tax return sample to understand the information included in these forms:

Personal Information: Name, Tax Identification Number (TIN), and registered address.

Income Details: The total income earned during the taxable year, categorized by source (e.g., compensation or business income).

Allowable Deductions: Itemized deductions (if applicable) or standard deductions based on the taxpayer’s chosen method.

Tax Computation: The amount of tax owed or overpaid, based on the total taxable income.

Payment Details: Information about any tax payments made in advance or penalties incurred for late filings.

For a detailed explanation and examples, you can explore the official Income Tax Return Philippines page provided by the Bureau of Internal Revenue (BIR).

How to File Your Income Tax Return

Filing your ITR can be done conveniently through the eBIRForms Package, which allows taxpayers to fill out and submit forms online. Below are the steps to file your ITR:

Download and InstallDownload the latest version of the eBIRForms package v7.9.4.1 from the BIR website, and install it on your computer. Note: The program is not compatible with Apple MAC systems.

Open and Fill Out Profile DetailsAfter installation, open the eBIRForms package and complete the profile page with necessary information, including your TIN, registered name, address, and RDO code. Select the correct tax return form (e.g., BIR Form 1700 or 1701A) and click “Fill up.”

Accomplish the Tax Return FormEnter all required data, including your income, deductions, and tax payable. Be as accurate as possible to avoid issues.

Validate Your EntryClick the “Validate” button to check for errors. If corrections are needed, use the “Edit” button and revalidate once done.

Submit Your ReturnOnce everything is validated, click “Submit/Final Copy” to file your ITR online. Ensure your internet connection is stable during this step.

Check Email ConfirmationUpon successful submission, you will receive a Tax Return Receipt Confirmation via email. Save or print this as proof of your e-filing.

Pro Tips for Filing Your Income Tax Return

Organize Your Documents: Gather all necessary documents such as income records, receipts, and previous ITRs before filing.

Double-Check Your Information: Errors in TIN or income details can lead to delays or penalties.

Understand the Forms: Make sure you’re using the correct form for your income type (e.g., BIR Form 1700 for employees, BIR Form 1701A for self-employed individuals).

Seek Professional Assistance: If you’re unsure about tax computations or requirements, consult a tax expert for guidance.

Tax Assist PH: Your Partner in Stress-Free Filing

Filing your income tax return doesn’t have to be complicated. At Tax Assist PH, we specialize in helping freelancers, small business owners, and professionals navigate the process with ease. Our team ensures accurate computations, timely reminders, and reliable support for all your tax compliance needs.

Take the stress out of filing your income tax return Philippines. Let us help you today!

For inquiries or assistance, email us at taxassistph@gmail.com or visit our website.

[daphenominchief]

People of the Philippines vs. E & D Parts Supply, Inc. and Margaret L. Uy G.R. No.: 259284

Promulgated: January 24, 2024

Ponente: M. Lopez, J.

FACTS:

E & D Parts Supply, Inc. and Margaret L. Uy were charged with violation of Section 255 of the Tax Code in relation to Sections 253(d) and 256. These charges stemmed from the alleged willful failure to pay income tax for the taxable year 2006.

The Bureau of Internal Revenue (BIR) issued a Preliminary Assessment Notice (PAN) and Final Assessment Notice (FAN) to E & D Parts Supply, Inc. after an investigation.

Margaret Uy pleaded not guilty to the charges.

Criminal Case No. O-671 was consolidated with Criminal Case No. O-670.

The prosecution presented evidence alleging Margaret Uy was a responsible officer of E & D, that tax assessments were valid, that a valid Letter of Authority (LOA) was issued, and that E & D failed to pay assessed deficiency taxes.

The Court of Tax Appeals (CTA) granted the accused's Demurrer to Evidence, ruling that the prosecution failed to prove that Margaret Uy was a responsible officer of E & D and could not be held liable for the alleged acts of the corporation.

The CTA also stated that the prosecution did not prove that Margaret Uy had any direct participation in the alleged criminal violation.

The CTA denied the People's motion for reconsideration, stating that the acquittal of Margaret meant that the civil liability was also dismissed.

The CTA En Banc denied the People’s Petition and also denied the Motion for Reconsideration.

The Court noted that E & D maintains that the revenue officer who continued the examination of its books of accounts and other accounting records was only clothed with a Memorandum of Assignment and not a LOA.

The People posits that E&D's liability to pay the assessed deficiency taxes is separate from its civil liability arising from the crime.

The CTA found that the assessment was void because it was issued without a valid LOA, meaning E & D could not be held liable for the payment of deficiency taxes assessed.

ISSUES:

Whether the acquittal of the taxpayer-accused in the criminal case for violating tax laws extinguishes their civil liability for deficiency taxes.

Whether E & D could be held liable for deficiency taxes considering that the assessment was issued without a valid LOA.

RULING:

Answer: No, the acquittal of the accused in the criminal case does not automatically extinguish the civil liability for unpaid taxes. Also, E & D cannot be held liable for deficiency taxes because the assessment was void for being issued without a valid LOA.

Legal Basis:

The court cites People v. Mendez, stating that the acquittal of the taxpayer-accused in a criminal case for tax law violations will not necessarily result in the obliteration of the civil liability to pay deficiency taxes relative to the criminal case.

The court cites Republic v. Patanao, stating that civil liability to pay taxes arises from the fact that one has engaged himself in business, and not because of any criminal act committed by him. The obligation to pay taxes is created by law and is not a consequence of the felonious acts charged in the criminal proceeding.

The extinction of the penal action does not carry with it the extinction of the civil liability, where: (a) the acquittal is based on reasonable doubt; (b) the court declares that the liability of the accused is only civil; and (c) the civil liability of the accused does not arise from or is not based upon the crime of which the accused is acquitted.

The court also cites Commissioner of Internal Revenue v. McDonald’s Philippines Realty Corp., which emphasizes that a Letter of Authority (LOA) is a special authority granted to a particular officer, and that the practice of reassigning or transferring revenue officers who are not the original authorized officers named in the LOA violates the taxpayer's right to due process.

The court cites Section 6, 10 and 13 of the Tax Code as the basis for the requirement of a LOA, which states that the examination of a taxpayer may only be undertaken by the Commissioner of Internal Revenue (CIR) or his or her duly authorized representative through a LOA.

Application:

The court found that even if Margaret was acquitted of the criminal charges, this did not automatically extinguish the civil liability of E & D to pay taxes. The obligation to pay taxes is separate from any criminal liability.

However, since the assessment was void due to lack of a valid LOA, E & D could not be held liable for the payment of deficiency taxes. The LOA was issued to a different officer, and the officer who continued the audit was merely authorized by a Memorandum of Agreement.

Conclusion: The Court upheld the CTA's decision that while the acquittal in the criminal case does not release E & D from its civil obligation to pay deficiency taxes, they are not liable for the deficiency taxes because the assessment was void for lack of a valid LOA.

DOCTRINE:

The acquittal of an accused in a criminal case does not automatically extinguish civil liability for unpaid taxes, as the obligation to pay taxes arises from the fact of engaging in business and is independent of any criminal charge.

A valid Letter of Authority (LOA) is required for a revenue officer to examine a taxpayer's books; reassigning cases without issuing a new LOA is a violation of the taxpayer's right to due process.

RATIO:

The court emphasizes that the obligation to pay taxes is based on law and the act of engaging in business, not on whether a crime has been committed. Therefore, the extinction of the criminal action does not automatically mean the extinction of the civil obligation to pay taxes.

The court also emphasizes that a LOA is a jurisdictional requirement for a valid tax assessment. Without a valid LOA, the assessment is void, and the taxpayer cannot be held liable for the assessed deficiency. The court also notes that the practice of reassigning or transferring revenue officers without issuing a new LOA is a violation of due process.

[parulschaudhary]

Guide for Setup a Company in Philippines

Setting up a company in the Philippines involves several key steps. First, choose your business structure (e.g., sole proprietorship, partnership, or corporation). Register your company name with the Securities and Exchange Commission (SEC). Next, obtain necessary permits from local government units (LGUs) such as business permits and clearances. Secure a tax identification number (TIN) from the Bureau of Internal Revenue (BIR). Open a corporate bank account and comply with labor laws, including registering with the Social Security System (SSS), PhilHealth, and Pag-IBIG. Lastly, ensure adherence to environmental regulations and other industry-specific requirements for a smooth operation.

[nationapoliceclearanc6]

How to Obtain a Tax Clearance Certificate in the Philippines

A Tax Clearance Certificate (TCC) is a very important document that serves as proof of your tax compliance in the Philippines. This certificate is issued by the Bureau of Internal Revenue (BIR) and certifies that you have no outstanding tax liabilities. Whether you are an individual or a business owner, obtaining a TCC can be important in various transactions such as government dealings, business…

[carlocarrasco]

More cancer, diabetes and mental illness medicines exempted by BIR from Value-Added Tax (VAT)

Some good news for those who need medicine but have limited financial resources. The Bureau of Internal Revenue (BIR) announced that several more medicines for cancer, diabetes and mental illness have officially been declared exempted from the Value-Added Tax (VAT), according to a GMA Network news report. To put things in perspective, posted below is an excerpt from the GMA news report. Some…

[lioncitblogger]

Requirements to Incorporate in Philippines: Step-by-Step Guide

Starting a business in the Philippines opens doors to a thriving market and numerous opportunities. But before you can legally operate, you must meet the requirements to incorporate in Philippines. This guide breaks down the process, ensuring you have actionable insights to get started.

Why Incorporate in the Philippines?

The Philippines is a dynamic hub for commerce, offering benefits like tax incentives, limited liability protection, and access to a skilled workforce. Incorporation legitimizes your operations and safeguards your personal assets.

Key Requirements to Incorporate in Philippines

1. Choose Your Business Structure

Decide on the type of corporation that fits your needs:

Domestic Corporation: Requires 2–15 incorporators, with a majority residing in the Philippines.

Branch Office or Representative Office: Suitable for foreign companies expanding locally.

Regional Headquarters (RHQ) or Regional Operating Headquarters (ROHQ): For managing regional operations of multinational companies.

2. Register Your Company Name

You must reserve and register your company name with the Securities and Exchange Commission (SEC). The name must be unique and comply with SEC standards.

3. Prepare Required Documents

The essential documents include:

Articles of Incorporation (AOI) and By-Laws: These define your business structure and operational guidelines.

Treasurer’s Affidavit: A declaration by the treasurer confirming readiness to manage corporate funds.

Proof of Paid-Up Capital: Minimum capital depends on ownership structure (e.g., ₱5,000 for domestic corporations).

Step-by-Step Process for Incorporation

1. Submit Documents to SEC

File all required documents with the SEC for review. Processing typically takes seven business days if all requirements are met.

2. Secure Local Permits

Once approved by the SEC, obtain:

Barangay Clearance

Mayor’s Permit

Business Permit from the Business Permit and Licensing Office (BPLO)

3. Register with Tax Authorities

Register with the Bureau of Internal Revenue (BIR) for tax compliance, including obtaining a Taxpayer Identification Number (TIN) and official receipts.

4. Employee Registration

Register employees with:

Social Security System (SSS)

Philippine Health Insurance Corporation (PhilHealth)

Home Development Mutual Fund (Pag-IBIG Fund)

Common Challenges and Solutions

Compliance with Ownership Restrictions

Foreign investors must adhere to equity limits outlined in Philippine law. Consulting legal experts can help navigate these restrictions effectively.

Document Accuracy

Incomplete or incorrect submissions can delay processing. Double-check all documentation before filing.

Why Seek Professional Assistance?

Navigating the requirements to incorporate in Philippines can be complex, especially for foreign investors or first-time entrepreneurs. Legal professionals ensure compliance and streamline the process for you.

For detailed guidance on incorporation procedures, visit Lawyers in the Philippines.

Meeting the requirements to incorporate in Philippines is not just about ticking boxes—it’s about setting up a foundation for success! With proper preparation and expert advice, your business can thrive in this growing market.

[onenettvchannel]

FOLLOW-UP REPORT: Baisanon innovative choreography wins Free Interpretation at Sinulog Festival 2025 bagged at PHP3.5M, while they obliterate Dumaguete City apart the double loss in the Street Dancing category [#OneNETnewsEXCLUSIVE]

(Written by Andrea Davenport / News Editor of Disney XD News & Assistant Station Manager of ONC & OneNETnews)

Originally published on January 20th, 2025 due to technical maintenance week.

BAIS, NEGROS ORIENTAL -- In an unprecedented festive celebration at the 'Cebu City Sports Center' (CCSC) on Osmeña Boulevard, Sinulog Festival 2025 showcased remarkable performances from various contingents covering local and regional sectors in Central Visayas, with Bais City and Dumaguete City from Negros Oriental making significant impressions.

Bais City's contingent clinched the top spot in the Free Interpretation category, earning a substantial cash prize of PHP3 million Philippine pesos (or U$D51,101). Much unfortunately, in the Street Dancing category, Bais City secured 3rd place, while Dumaguete City's Sandurot Festival contingent finished in 4th place, both receiving consolation prizes of PHP500,000 and PHP300,000 respectively (or U$D8,517 & U$D5,110).

Before the Awarding Ceremony in the afternoon on January 20th, 2025… Cebuano newspaper outlet 'Cebu Daily News' was first to release the full list of Sinulog Festival 2025 winners. Bais' performance in the Free Interpretation (FI) category was exceptional, outperforming other contingents including those from its regional areas of Cebu. This win not only brought pride to the Baisanons but also showcased the rich cultural heritage and dedication of its regional performers.

In the Street Dancing (SD) category, the competition was so deadly but extremely tough. Festival of Harvests (or 'Hudyaka' in Bais City) was vibrant and got 3rd place, while Sandurot Festival in Dumaguete City told their cultural story and got 4th place. Although they didn't win the top spots, both cities were commendable and passionate.

Cash prizes for the various categories will all be distributed as follows first in the Street Dancing (SD) category. The 1st place winner rewarded to PHP1M, while the 2nd place will receive PHP700,000. The 3rd place prize is PHP500,000, the 4th place will get PHP300,000, and the 5th place will receive PHP200,000.

And in the Free Interpretation (FI) category, the winner will take home PHP3 million in 1st place, as well with 2nd place receives PHP2 million, the 3rd place will be awarded PHP1.5 million, the 4th place will get PHP1 million, and the 5th place receives last to PHP750,000. Among these are separately converted in 5 to 4 figure amounts of American dollars for both SD and FIs respectively.

All of the cash prizes above PHP10,000 (or U$D170) are subject to 20% withholding tax by the Bureau of Internal Revenue (BIR). Sinulog Foundation or regional government officials will manage this tax compliance for the taxpayer pesos. Overall for Bais City alone, the cash prizes will receive a total of PHP3.5 million Philippine pesos (or approximately U$D60,000).

Because of the stunning group performance, Bais City's win in Free Interpretation (FI) can be attributed to their innovative choreography, vibrant costumes and seamless mix of traditional and modern. They wowed the judges and the audience and stood out from the rest. Bais and Dumaguete both did well in Street Dancing but faced tough competition from other groups that might have affected their ranking.

'Sinulog Festival 2025' ended on a highest heartwarming note, showcasing the diverse culture of our nation, especially through Bais City and Dumaguete City. Baisanons' win in Free Interpretation is a testament to their commitment to preserving their cultural identity. Despite the obstacles in Street Dancing, both cities raised the bar for future contingent contenders and will continue to celebrate Filipino traditions for more generations to come.

[RELATED ARTICLE]

SCREENGRAB COURTESY: Bais PIO via FB VIDEO

SOURCE: *https://www.facebook.com/100087199913514/videos/1081207597138507/ *https://www.facebook.com/100087169099114/videos/1328978158117594/ *https://cebudailynews.inquirer.net/618444/list-sinulog-festival-2025-winners *https://www.manilatimes.net/2025/01/21/regions/carcar-bais-big-winners-at-sinulog/2041493 and *https://www.facebook.com/100063784971426/posts/1109898967812925

-- OneNETnews Online Publication Team

[wenikhilkumar]

Forming a company in the Philippines

Forming a company in the Philippines involves several steps, with the most common entity being a Corporation. This requires at least two incorporators and directors, who may be foreign or Filipino, depending on the business activity and ownership limits. For certain industries, foreign ownership is restricted under the Foreign Investment Negative List.

The process begins with verifying and reserving the company name through the Securities and Exchange Commission (SEC). Afterward, the Articles of Incorporation and Bylaws must be prepared and submitted to the SEC, along with a minimum paid-up capital depending on the business type and ownership.

Once approved, the company must secure a Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR) and register with local government units for permits, such as the Mayor’s Permit. Additional registrations for VAT, social security, and employee welfare are also required.

Engaging legal and accounting professionals can ensure compliance and expedite the registration process.

[ykgglobal]

Top Tips for a Smooth Company Registration Process in the Philippines

Since 1981, YKG Global has been a trusted partner for entrepreneurs seeking efficient business solutions. The Philippines is a vibrant hub for business opportunities, but navigating the registration process can be challenging without proper guidance. Here are top tips to help you register a company in Philippines smoothly and efficiently.

1. Choose the Right Business Structure

Decide whether you want to establish a sole proprietorship, partnership, or corporation. For foreign investors, a domestic corporation is a popular choice when planning to register a company in Philippines.

2. Reserve Your Company Name

Secure a unique and compliant company name through the Securities and Exchange Commission (SEC) to avoid delays during registration.

3. Prepare Complete Documentation

Key documents include your articles of incorporation, by-laws, and proof of paid-up capital. Accurate and thorough preparation is critical for a smooth process.

4. Register with Relevant Authorities

File your company with the SEC, then register for a Taxpayer Identification Number (TIN) with the Bureau of Internal Revenue (BIR). Additionally, ensure compliance with local government units for necessary permits.

5. Open a Corporate Bank Account

Set up a local bank account for depositing the required minimum paid-up capital, a crucial step for completing your registration.

6. Stay Compliant

Post-registration compliance, such as monthly tax filings and annual report submissions, is mandatory for ongoing operations in the Philippines.

Why Choose YKG Global?

With over four decades of expertise, YKG Global simplifies the process to register a company in Philippines. From document preparation to post-registration compliance, our tailored services ensure your success.

Start your journey with confidence. Partner with YKG Global for hassle-free company registration in the Philippines today!

[liborodanadrian]

Week 9 - 10 (5th Company Interview)

Techno Blast Computer Trading

This business is situated at Rizal street and owned by Sir Jose, it was opened in 2013 this business operates to 8 hours in a day. At the moment, the company has 26 employees and one branch only. They include repair of personal computers and selling of new full sets of personal computer, spare parts of personal computers and other computer related accessories. The have business permits such as the Bureau of Internal Revenue (BIR). They supply the public which always require PC part or Pc repairs they have usual customers including dealers from the Cagayan de Oro (CDO). They are direct competitors to other stores that sell computer repair and computer parts within the same market area. One of the issues is added expenses are paid in case in building or repairing Pcs the wrong thing was done.

Ferma

Ferma Printing Station owned by Shienna Maramba is limed in Corrales Extension in front of Capitol University. Their main services are printing as well as photocopying, more so targeting students since they are close to a school. Corona Agencies Limited started in 2010 and is licensed and operates with all necessary permits.

Gadget Pro Repair Services

Gadget Pro is under Sir Argo and situated at Corrales Street near Nuda and opens from 8 to 10 hours in a day. Founded in 2022 but the former is a different division with a business partner for some reasons, they decided to go different ways and Sir Argo is the sole owner of Gadget Pro and has an additional branch in Uptown. Currently, they are using 4 employees and provide services in gadget repair, particularly targeting iOS gadgets. They all possess legal documents and legal procedures, and have the necessary certificates. Even though they do not serve any niche market, they have the ever green ‘suki’ clientele.

Borj Buko House

This business is owned by Boborgs, started eight years ago and is having a numbers of branches mostly situated in campuses such as MOGCHS and Kauswagan High school and Villa School. Selling their most requested buko juice for just 10 pesos per cup, they have their own special branding. They carry all legal papers that could be needed. Big competitors are nearby the Divisoria area where other vendors also sell buko juice. An important weakness is that their offices are located in new areas, rent costs a lot of money and customers are not numerous initially in the new outlets.

Always Coffe

Owned by Justin Schwartz and Metzti Amaya branch near in Xavier University, with 24 hour operation through 12 hour shift of the employee. Basically their main revenue stream is beverages and more so beverages that include coffee. They have many competitors in their area since majority of the pabayo st is composed of coffe/milktea shop. They also have the legal documents though as much as I would have loved to take a picture of it, I couldn’t. The owner also has a vision that the business will still expand, the problem that the business has faced is that the customer felt that, it bitter and not sweet enough.

[daphenominchief]

D. VENUE AND TERRITORIAL JURISDICTION  

Treas v. People [G.R. No. 195002 (25 January 2012)] 

Lawyer Hector Treñas is accused of misappropriating funds entrusted to him by his client, leading to a lack of jurisdiction in the case and a referral for disciplinary proceedings.

Facts:

Hector Treñas, a lawyer, was accused of misappropriating funds entrusted by his client, Margarita Alocilja.

In December 1999, Alocilja aimed to purchase a house-and-lot in Iloilo City, covered by TCT No. 109266 and mortgaged with Maybank.

Joselito Palma, the bank manager, recommended Hector to Elizabeth Luciaja, an employee and niece of Margarita, for assistance in transferring the title.

Hector informed Elizabeth that the expenses for titling the property would be ₱150,000, including attorney's fees, capital gains tax, documentary stamps, and miscellaneous expenses.

Elizabeth handed over the amount to Hector, who issued a receipt dated December 22, 1999.

Hector later provided Elizabeth with revenue receipts that were found to be fake upon verification with the Bureau of Internal Revenue (BIR).

Hector admitted the receipts were fake and confessed to using ₱120,000 for other transactions, issuing a check for ₱120,000 which was dishonored due to a closed account.

Despite repeated demands, Hector failed to return the money, leading to the filing of an estafa case against him.

The Regional Trial Court (RTC) of Makati City found Hector guilty of estafa, sentencing him to 10 years and 1 day to 17 years and 4 months of imprisonment and ordering him to indemnify Elizabeth ₱130,000 with 12% interest per annum.

Hector's motions for reconsideration and appeal were denied by the RTC and the Court of Appeals, respectively.

Issue:

Did the RTC of Makati City have jurisdiction over the case?

Was the demand made by Elizabeth sufficient to constitute the offense of estafa?

Ruling:

The Supreme Court ruled that the RTC of Makati City lacked jurisdiction over the case.

The Supreme Court did not address the sufficiency of the demand made by Elizabeth, as the jurisdictional issue was dispositive.

Ratio:

The Supreme Court emphasized that in criminal cases, venue is jurisdictional. The prosecution must prove that the offense was committed within the court's territorial jurisdiction.

The Information alleged that the offense occurred in Makati City, but the Affidavit of Complaint and the evidence presented did not specify where the offense occurred.

The prosecution failed to prove that any of the elements of estafa took place in Makati City.

The trial court's jurisdiction is determined by the allegations in the complaint or information and the evidence presented. If the evidence shows that the offense occurred elsewhere, the court must dismiss the case for lack of jurisdiction.

The lower courts' findings were based on conjecture and lacked specific evidence.

The Supreme Court set aside the CA's Decision and Resolution, dismissed the case without prejudice, and referred the matter to the Integrated Bar of the Philippines for disciplinary proceedings against Hector Treñas, emphasizing the need for lawyers to account for and properly manage client funds.

[jessadaloro]

Week 7-8 of Interviewing Different Businesses

Me and my groupmates, Angel Jean Obsioma, Ian Gariel B. Ramas, and Francen P. Sellote, roam around the city to look for businesses that we can go to and ask the business owner or staff if we can ask a few questions regarding their business, so that we can gain knowledge and in-depth understanding about how business works, and we also asked permission if it is okay to take a picture.

Here is the list of the businesses we interviewed and the key information we gathered for week 7.

AdTech Computer Sales & Services

AdTech Computer Sales & Services is owned by Ms. Anne. They are selling computer parts and printers, and they also do computer and printer repairs. The business has two branches: the main branch located in Iligan City, which has been established for about 17 years, and the branch in Cagayan de Oro (CDO), which was established around 14 years ago. The CDO branch has shifted locations a few times, with its current physical store on Corrales Avenue open for the last two years. They operate from Monday to Saturday, from 9:00 A.M. to 6:00 P.M.

During our interview, Mr. Cuenca, who is the one in charge of the CDO branch, shared that AdTech sources its supplies mainly from Manila, with those suppliers importing directly from the United States or China. AdTech also has legal requirements for their documents, like the BIR registration, DTI certificate, and barangay permit. These documents ensure AdTech operates legally and maintains a trustworthy reputation in the community.

2. Zeemart Convenience Store

Zeemart Convenience Store, located in Nazareth, Cagayan de Oro City, is a newly established 24/7 business that opened in May of this year. Owned by Mr. Zoren Jacob Jardin, the store has legal documents, including a DTI registration, business permit, and barangay clearance, to ensure full compliance with legal requirements. Zeemart operates with two staff members who work day and night shifts. Ms. Patty, the one who we interviewed at the time, shared with us that they get their supplies from Palaña, keeping shelves stocked with their products.

3. PawsThru Pet Supplies

PawsThru Pet Supplies, located on FJCW+XC2, 6th St. in Cagayan de Oro City, has been providing pet essentials like cat food, dog food, and other pet necessities, established in 2012. Owned by Ms. Marianne Sistoso Carreon, the store operates with two staff members at the Nazareth branch and is open from Monday to Saturday, from 8:00 A.M. to 5:00 P.M. PawsThru has expanded significantly over the years and now has four branches, with its main branch located in SM Downtown Recto. Although each branch operates under a different name, they are all owned by Ms. Carreon.

To operate responsibly and legally, PawsThru has permits and licenses. These include a sanitary permit, a business permit, and a license to operate issued by the Bureau of Animal Industry, which certifies that they meet industry standards for pet products. They are also registered with the Bureau of Internal Revenue (BIR). Together, these documents reflect the store’s commitment to providing safe and reliable products for pet owners in the community.

4. Loretta's Empanada

Loretta’s Empanada, located at Pabayo, Gaerlan St. in Cagayan de Oro City, is known for its freshly baked empanadas and coffee. Owned by Ms. Dawn Dy, the business first started online in 2019, but the empanada recipe has been passed down through three generations, dating back to the 1960s. The empanadas are all handmade, keeping the tradition alive with each batch. The physical store is set up in the former maid’s quarters of Loretta’s old house, an area that’s been carefully expanded to have their store.

The shop has four staff members, including Ms. Dawn herself, who actively helps in making empanadas. Loretta's Empanada is open from Monday to Saturday, 9:00 A.M. to 6:00 P.M., and offers catering services in addition to in-store purchases and ordering in Grab. And to operate smoothly, it has documents, these are DTI registration, business permit, Bureau of Fire certification, and sanitary permit. Though the CDO has a pork ban, their meat supplier has a certificate, allowing them to legally sell pork, and that is why they can still use pork in their empanadas.

5. GadgetPro Repair Services

GadgetPro Repair Services, owned by Mr. Arjo E. Bayer, has been doing repair services for three years, with the current name and location, which is located at Goking Building, Corner Jr. Borja, Corrales Ave., Cagayan de Oro City, established just a year ago this coming November. The business have two branches, the main branch, which is in Corrales, and another located in Uptown. They have a total of seven staff members, with five working at the main branch and two at the Uptown location. They are open Monday to Friday from 9:00 A.M to 6:00 P.M. and on Saturday from 10:00 A.M. to 7:00 P.M.

GadgetPro focuses mainly on repairing Apple products, including iPads, MacBooks, and iPhones, but they also handle repairs for selected Android smartphones. Their expertise lies in level 3 repairs, which cover complex issues such as motherboard problems, low power, no signal, data recovery, and other intricate repairs. And to ensure compliance, GadgetPro holds various important documents, including a DTI registration, BIR registration, city hall permits, SSS documentation, and TESDA NCIII certification.

Here is the link for you to access my insights.

- J