Your Quick Guide to the Financial Rehabilitation & Insolvency Act
Building a business means navigating tax requirements, managing payroll, juggling clients, and keeping operations running through uncertainties. But what happens when debt becomes unmanageable? It is stressful when creditors are knocking, and cash flow is tight. Many Filipino entrepreneurs are unaware that a law exists specifically to support them in such situations – one designed […]
Consumer Protection Act: Rights That You Must Know
Are You Aware of Your Rights as A Buyer? Every day, Filipinos spend billions of pesos on goods and services — groceries, gadgets, online purchases, salon visits, and more. Yet few of us actually know our rights when a product turns out defective, a service falls short, or a refund is wrongly denied. Moreover, if […]
Understanding Estate Tax in the Philippines: A Simple Guide
Inheriting property from a parent or grandparent is a meaningful benefit – but before title can be transferred to an heir, one compliance must be addressed first: the Estate Tax. It is also one of the most commonly overlooked topics in estate planning. Without proper understanding and preparation, families risk unnecessary delays, penalties, and legal […]
What MSMEs Need to Consider in Scaling Their Business
Imagine your nearby sari-sari store competitor just hit their first ₱3 million in annual revenue. Congratulations to them, because they have just triggered a whole new set of compliance requirements. Many Filipino Micro, Small, and Medium Enterprise (MSMEs) owners are on the verge of growth: more customers, higher income, bigger ambitions. What they often miss […]
Management Service Fees: The Most Challenged Area in Transfer Pricing
Does your business pay management fees to a foreign affiliate or the other way around? Well, a Bureau of Internal Revenue audit would not just be a “maybe” anymore — it is a matter of when. Across all forms of related-party transactions with regard to transfer pricing, management service fees stand out as the most […]
Lunch and Learn: What You Need to Know on AI in Accounting
The accounting profession is evolving fast, and those who don’t adapt risk being left behind. At the recent “Lunch and Learn: AI in Accounting” event, accounting and business professionals gathered around one clear message: Artificial Intelligence is no longer optional. Hosted by Babylon2k’s trusted partners, UHY M.L. Aguirre & Co., CPAs, and WorkSync Opium Solutions […]
Bill to Abolish Travel Tax Started: What You Need to Know
Are you tired of paying extra fees every time you book an international flight? Here’s what you need to know. On March 16, the House of Representatives voted to abolish the travel tax, with 257 lawmakers approving House Bill No. 8464. If passed into law, this would eliminate a long-standing fee that travelers currently pay […]
13th Foreign Investment Negative List: A Guide for Foreign Investors
On April 13, 2026, President Ferdinand Marcos, Jr. signed the 13th Regular Foreign Investment Negative List (RFINL), updating the regulatory framework for foreign ownership limitations in the Philippines. Foreign investors — whether forming a new entity, entering a joint venture, or expanding existing operations – should familiarize themselves with its provisions. Why is there a […]
Peso Pressure and Profit Planning: Inflation in the Philippines
Every time the Philippine peso weakens against the US dollar, the strain on Filipino consumers and businesses deepens. Fuel surcharges climb, import costs rise, and invoices swell; many business owners only feel the full impact later, when their cash flow statement tells a story no one wanted to read. As of March 2026, the Philippine […]
BSP Drafts Rules Against the Easy Digital Banking Scheme
The Shortcut to Digital Banking Is Closing For several years, there has been a somewhat secretive shortcut in the Philippine banking sector. Instead of complying as a full digital bank, which requires at least ₱1 billion in capital, some FinTech companies took a faster, much more affordable approach: acquiring rural banks and placing digital platforms […]