BABYLON2K CHRONICLES
Audit Trails and Financial Tales
Welcome to a realm where numbers come to life, and financial tales weave a narrative that goes beyond the balance sheets, unlocking the secrets of Babylon2k’s financial universe.
How To Apply for a Pag Ibig Multi-Purpose Loan Online (MPL)
Applying for a Pag-IBIG Multi-Purpose Loan (MPL) has never been easier! Gone are the days of standing in long queues and navigating through piles of paperwork. Today, all you have to do is complete all the requirements and apply directly on Pag-IBIG’s official website. This streamlined online process allows you
RMC 37-2025: The BIR Memo That Simplifies VAT Refunds in the Philippines
Is Your VAT Refund Stuck in Limbo? If you’re a business owner in the Philippines, you probably know the pain of chasing a Value-Added Tax (VAT) refund. You’ve done the math, filed the forms, and waited… and waited some more — only to be met with delays, confusing paperwork requirements,
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
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
Obtaining Mayor’s Permit: A Guide for Business Owners in the Philippines
Thinking of starting a business in the Philippines? If so, a Mayor’s Permit is one of the key requirements you need to secure so you can run your business. In this guide, we’ll help you with the steps and requirements in obtaining a Mayor’s permit and other details, such as
SEC Goes Fully Digital: Company Registration Now 100% Online and Paperless
The Securities and Exchange Commission (SEC) of the Philippines has taken a bold step toward full digitalization with the implementation of a completely online and paperless company registration system — eliminating the need for notarized documents, physical signatures, and hard copy submissions. Under SEC Memorandum Circular No. 3, Series of 2025, issued on April 4, 2025, the
‘Walang Forever’ sa Tax-Free Streaming: PH Now Requires VAT on Foreign Digital Services
Foreign streaming platforms, e-learning providers, and digital app developers serving Philippine customers must now prepare to enter the country’s tax net. Beginning June 1, 2025, the Bureau of Internal Revenue (BIR) will require non-resident digital service providers (NRDSPs) to register and comply with the Philippines’ 12% Value-Added Tax (VAT) regime,