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 […]

Key BSP FX Reporting Guideline Changes

In accordance with Bangko Sentral ng Pilipinas (BSP) Circular No. 1197-2024, the BSP has introduced significant amendments to the reporting guidelines for foreign exchange (FX) transactions. These changes aim to enhance the accuracy and relevance of FX transaction data, promoting financial stability and ensuring effective supervision of banks. Key Highlights: Impact: These amendments aim to […]

File & Pay Taxes Anywhere! New EOPT Regulations Simplify Tax Compliance

EOPT Alert: Our digest on the recently issued RR 4-2024 on filing and paying taxes anywhere Introduction: Great news for Filipino taxpayers! The Bureau of Internal Revenue (BIR) recently issued Revenue Regulations No. 4-2024, implementing key provisions of the Ease of Paying Taxes (EOPT) Act. This translates to more straightforward tax filing and payment processes […]

Top 7 Impactful Things You Should Know About RR 3-2024

New Rules for VAT & Percentage Tax (A.K.A. EOPT’s VAT and Percentage Tax Timely Amendments) “As the deadline for VAT filing approaches, embracing Revenue Regulation (RR) No. 3-2024 is not just compliance, it’s strategic business acumen,” says a leading accountant. RR No. 3-2024 simplifies and modernizes VAT and Percentage Tax under the Ease of Paying […]