What is a General Information Sheet?

When you’re running a corporation, chances are, you have encountered the term ‘GIS’. But if you’re still wondering what exactly a General Information Sheet is, this article got you covered. In a nutshell, one of the requirements for your business is the submission of a General Information Sheet (GIS). This essential document provides the Securities […]

RR 20-2020: Simplifying Unlisted Share Valuation

If you’ve ever tried selling or inheriting shares in a private corporation, you may have faced the challenge of determining their fair value. Disputes, delays, and unclear methods made the process frustrating—for both taxpayers and the Bureau of Internal Revenue (BIR). Revenue Regulation No. 20-2020 (RR 20-2020) was issued by the BIR in August 2020 […]