If you’re a business owner in the Philippines, it’s important to know how to compute your taxable income. Whether you’re a VAT-registered or non-VAT registered business, you’ll need to follow specific steps to ensure compliance with the country’s tax laws. The steps below is as of...
However, under the Korea-ASEAN FTA, tariffs are either eliminated or reduced for 80% of exports from ASEAN countries like the Philippines. In addition, with the upcoming Korea-Philippines FTA, South Korea is looking to lift tariffs on 94.8% of export products from the Philippines. This FTA ai...
making it one of the busiest destinations for tourism and trade. If you have your loved ones living there and are looking to send parcel to the Philippines from Singapore, DHL’s shipping services will guide you end-to-end with the shipping process. Right...
How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
We compute an approximate model solution by linearising the model around its deterministic steady state. Given the structural parameters collected in θ, the linear rational expectation solution takes the following form:yt=Φ1θ+Φεθεt,where Φ1 and Φε govern the decision rules of the ...
This is an electronic portal the EU has introduced where you can register to get a single VAT IOSS ID number that applies to distance sales in all 27 EU countries. This will simplify the process by enabling you to collect, declare and account for VAT and pay your bill directly to...