Latest News

Articles

2022 YEAR END and 2023 1st QUARTER Reportorial Requirements

A number of information returns and other compliance requirements for taxpayers in the first ...


Read Full Article
Managing Tax Liability on Estates

A Guide for Filipino Families courtesy of Babylon2K by NIKKO B. ROMERO ...


Read Full Article
Optimizing business gains despite the long arm and complex web of cross-border tax

Loosely defined, 'cross-border accounting transactions' refer to the movement of financial resources between different countries or regions, such as money or assets. ...


Read Full Article
Modern Business Accounting in the Age of Wi-Fi

Nothing quite correctly sums up what is currently happening in today's global business vis-a-vis the need for digital transformation than what the Father of Evolution, Charles Darwin, stated in one of ...


Read Full Article
When to file a VAT Refund?

Under Philippine law, goods and services are subject to a 12% VAT. Taxpayers may reclaim their money with VAT refund, but only in certain conditions. Out of the multiple tax types out there, one of the major tax burdens is the value-added tax (VAT) ...


Read Full Article
DIGITAL IMPACT: Cryptocurrencies, Digital Markets and Taxes in the Philippines

When cryptocurrencies and digital services are a trend, is the Philippine government ready to address the growing need to accommodate it? ...


Read Full Article
B.I.R Updates: What to expect in 2023?

Philippine tax laws and regulations are constantly changing and evolving. In particular, the TRAIN and CREATE Laws passed by Congress during the previous five years have fundamentally ...


Read Full Article
Are E-Gift Cards Taxable on Gross or on Convenience Fee only?

Digital gift certificate, also referred to as e-gift cards/certificate (eGC) is a paperless instrument...


Read Full Article
General Information Sheet

General Information Sheet or GIS is an important document embodying certain information about the corporation which is signed and...


Read Full Article
T.A.X. “Satori” & Tutorial (TST)

The T.A.X. “Satori” & Tutorial (TST) service is what you need if you have business related queries which are not answerable by...


Read Full Article
2-Day ITR for Professionals (Doctors, Brokers, Digital Income Earners, etc.)

The 2-Day ITR is a document used to report information about the taxpayers’ earnings and...


Read Full Article
Tax Residency Certificate

The Tax Residency Certificate (TRC) is a document that proves the residency of income earners and supports their claim or eligibility for tax treaty relief.


Read Full Article

Copyright © 2022 Babylon2k. All Rights Reserved.