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
The CREATE MORE IRR Opens More WFH Opportunities for BPO Employees
The recent implementation of the CREATE MORE IRR marks an important moment for the BPO sector in the Philippines. This legislation introduces significant benefits, particularly in taxation and work-from-home (WFH) arrangements, designed to enhance operational flexibility and competitiveness. WFH Opportunities for BPO Employees Under the signed CREATE MORE IRR, BPO
How the CREATE MORE Act Helped a Hospitality Company Maximize its Tax Benefits
Overview A leading hotel and convention center operator, recognized as a Domestic Market Entity (DME) under Tier 1 of the Strategic Investment Priority Plan (SIPP), is leveraging tax incentives within a designated economic zone. With the implementation of the CREATE MORE Act of 2024, significant amendments have been introduced that impact
CREATE MORE Act Philippines: Tax Incentives & Investment Benefits for 2025
If you’re in the tourism, manufacturing, or BPO industry, now is the best time to expand your business in the Philippines. The CREATE MORE Act (Republic Act 12066), officially known as the Corporate Recovery and Tax Incentives for Enterprises – More Opportunities and Rationalization of Efficiency Act, is transforming investments
BSP Allows More Nonbank E-Money Issuers to Operate and Boost Digital Payments
The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on issuing electronic money (e-money) licenses to nonbank financial institutions. This move, announced last December 16, 2024, is expected to accelerate digital payment adoption, increase competition, and enhance financial inclusion in the Philippines. Why BSP Lifted the Moratorium on E-Money
Understanding the VAT Refund for Tourists in the Philippines
What Is the VAT Refund Program? The Philippines’ VAT refund system is a new benefit for international travelers looking to shop and save while exploring the country. Under Republic Act No. 12079, non-resident tourists can now claim a 12% VAT refund on eligible purchases made at accredited stores. If you’ve
Are Golf or Membership Club Shares VAT-exempt?
A client recently sent a quick question via WhatsApp: “If I purchase golf club shares under a holding company, is it subject to VAT?” It’s a great question. It’s one that many business owners and investors might also be wondering about. The short answer? It depends. According to B.E.T.H. AI,