Building a Stronger UHYMAC: Our Strategic Plan
Exactly a week ago, August 22, 2024, was a significant day at UHYMAC Group, one of Babylon2k’s most trusted partners, as our departments came together for a full-day strategic planning session. The event was a full-day activity that set the tone for the year ahead. The morning session was packed with insightful updates on key […]
What Are Different Types Of Electric Vehicles In The Philippines
The Philippines is shifting towards a more sustainable future, and electric vehicles (EVs) are leading the charge. With the rising demand for cleaner transportation options, the Electric Vehicle Association of the Philippines (EVAP) anticipates surpassing the target of 6.6 million EV units sold by 2030. However, with the increasing popularity of EVs comes confusion about […]
How and Where to Get Your Tax Declaration Certificate in the Philippines
Getting a tax declaration certificate in the Philippines is a crucial step for property owners and buyers. Without this document, you might face legal issues, delays in property transactions, or even penalties. Many people find the process confusing and time-consuming, leading to unnecessary stress. You might be wondering, where do you start, and what steps […]
What are the Requirements for Business Permit Renewal in the Philippines?
A business permit is a vital license that allows companies to operate legally in the Philippines. Without it, businesses are considered illegal and can face significant penalties, including a 25% surcharge on unpaid taxes and fees, plus a 2% monthly interest on any unsettled amounts. However, navigating the business renewal process can be complex, especially […]
Digital Tax in the Philippines: A Beginner’s Guide to House Bill 4122
As it goes, digital is the way of the future. The Philippine digital market experienced a boom once everything went online. According to AlphaBeta, a Singaporean economic consultancy firm, the Philippines can potentially generate up to PHP 5 trillion in economic value through digital transformation by 2030. This massive potential underscores the importance of robust […]
Economic Impact of International Tax Law in the Philippines
International tax laws are instrumental in guiding how companies operate globally, influencing everything from cross-border transactions to investment planning. These regulations dictate how businesses handle tax obligations and navigate legal requirements. By understanding and adhering to these laws, businesses can optimize financial strategies, minimize risks, and ensure regulatory compliance. In this blog post, we’ll explore […]