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
Foreign Contractors Owning 100% of Local Construction Firms: RA 11711 Explained.
Key Features of RA 11711 and Jurisprudence: Empowering Local and Foreign Stakeholders Executive Summary: Opening Doors to Global Opportunities in Construction Two years ago, the Philippine construction industry began a transformative era with the enactment of Republic Act No. 11711 and the landmark Supreme Court decision in Philippine Contractors Accreditation
Maximizing Opportunities: PEZA and BOI Incentives Under the CREATE Act
The Philippines offers a competitive suite of fiscal and non-fiscal incentives designed to attract investors, particularly through the Philippine Economic Zone Authority (PEZA) and the Board of Investments (BOI). These incentives, further streamlined by the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), are pivotal in driving economic growth
Enhanced Tax Incentives for your Business from the CREATE MORE Act
When Do Enhanced Tax Incentives and Reforms Under the CREATE Act Apply? The enhanced tax incentives and reforms introduced under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act apply upon the effectivity of the law and its implementing rules and regulations (IRR). Specifically: a. Reduced Corporate Income Tax
Learn New Skills and Save on Taxes: EBET Act Explained.
Highlights of the EBET Act’s Promise EBET Act in a Nutshell The EBET Act (RA 12063) is a groundbreaking legislation that enables enterprises to deliver customized, competency-based training aligned with TESDA standards, addressing the skills mismatch and improving employability. It offers workers direct access to industry-relevant certifications and gives businesses
A New Era of Digital Service Taxation: The BIR’s Draft Regulation on RA 12023
The Evolution of Taxation in the Digital Economy As the world increasingly shifts to the digital age, the Philippines has found itself grappling with how to keep its tax system in step with this rapid transformation. The explosion of online services—streaming platforms, e-commerce, digital advertising, and cloud storage—has created a
Embracing Accountability: How the Extended Producer Responsibility (EPR) Law Transforms Plastic Waste Management for Sustainable Growth
The Urgent Need for Responsible Plastic Use Plastic waste’s environmental toll has become a global concern, with governments worldwide pressing for urgent, sustainable solutions. In the Philippines, Republic Act No. 11898, also known as the “Extended Producer Responsibility Act of 2022,” directly addresses this issue by amending the Ecological Solid