Doing Business in the Philippines
An entrepreneur should follow the law, rules and regulation of the country where he wants to do business. It is important that he understands the proper procedure in setting up a business. The public will not respect a business that is operating illegally even if it has a good vision and great product.
This page includes guides on how to register a business, employee benefits compliance, and Philippine Taxation based on National Internal Revenue Code.
An entrepreneur should follow the law, rules and regulation of the country where he wants to do business. It is important that he understands the proper procedure in setting up a business. The public will not respect a business that is operating illegally even if it has a good vision and great product.
This page includes guides on how to register a business, employee benefits compliance, and Philippine Taxation based on National Internal Revenue Code.
Business Registration
Business Registration
There are several ways to start a business. But first, you will need to register your business name. Where to register your business name depends on what type of business do you want to open: Single Proprietorship, Partnership or Corporation.
There are several ways to start a business. But first, you will need to register your business name. Where to register your business name depends on what type of business do you want to open: Single Proprietorship, Partnership or Corporation.
Taxation in the Philipines
Taxation in the Philipines
The Bureau of Internal Revenue (BIR) is the tax collection authority in the Philippines. It is tasked to collect around 70% of the total revenue of the country.
The Bureau of Internal Revenue (BIR) is the tax collection authority in the Philippines. It is tasked to collect around 70% of the total revenue of the country.
Employee Benefits
Employee Benefits
Statutory Employee Benefits includes contributions to Social Security System, Philhealth, and Pag-ibig Fund. This is mandated by law. Any business establishment that fails to remit the contributions could be criminally and/or civilly liable. Thus, it is better to understand the basic rules on how to register in these government agencies.
Statutory Employee Benefits includes contributions to Social Security System, Philhealth, and Pag-ibig Fund. This is mandated by law. Any business establishment that fails to remit the contributions could be criminally and/or civilly liable. Thus, it is better to understand the basic rules on how to register in these government agencies.