The Professional Regulatory Council Board for Accountancy (PRC BOA) in the Philippines has approved G. Pagaspas Partners & Co., CPAs (GPP) last January 22, 2016 as one of the accredited Continuing Professional Development (CPD) Providers in the country. The accreditation of GPP will give the firm the authority to run seminars with CPD units for accountancy professionals in the Philippines. Currently, the Certified Public Accounts (CPAs) are mandated to gain 60 CPD units within three years preceding the year of - Read more
By: Azaleah Faeyugenia Chimmin From year to year, newly registered companies have been registering with the Philippine Economic Zone Authority (PEZA) for tax incentives it could enjoy, such as the following: Income tax holiday for 4 to 6 years; 5% gross income taxation instead of 30% on taxable net income; Value-added Tax (VAT) Zero-rating of local purchases; VAT exemptions on importations; and, Other non-fiscal incentives Suffice it to say that the incentives of being a PEZA-registered entity in the Philippines - Read more
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