Our publications
Our APAC payroll newsletter helps provide important updates on the latest regulatory changes and best practices that have influenced payroll operations in the APAC region over the past quarter. Our commitment is to keep you well-informed and empowered in navigating the evolving payroll sector.
The Philippines has issued a new legislation, Republic Act No. 12023, imposing a 12% value added tax (VAT) on digital services. Under the new law, suppliers of digital services, whether resident or non-resident, shall be liable for assessing, collecting, and remitting the VAT on the digital services consumed in the Philippines, subject to the provision on withholding of VAT.
The Asia Pacific region plays an important role as a driver of the global economy. As international businesses seek to expand overseas, the region offers some of the best opportunities for growth. This guide has been prepared to assist those interested in doing business in Asia Pacific. It does not cover the subjects it treats exhaustively, but is intended to answer some of the important broad questions...
Meeting the compliance challenges of an increasingly complex business world
This guide from Forvis Mazars showcases the features, functions, and procedures that would improve your capacity on doing business in the Philippines.
In recent years, businesses, individuals and governments have encountered a succession of demanding circumstances, prompting the need for resilience, heightened adaptability, and strategic planning amid ongoing uncertainty. In face of this, Forvis Mazars is set to look to the future with a clear and forward-thinking vision to support our clients, people and communities in seizing opportunities for...
In recent years, businesses, individuals and governments have encountered a succession of demanding circumstances, prompting the need for resilience, heightened adaptability, and strategic planning amid ongoing uncertainty. In face of this, Forvis Mazars is set to look to the future with a clear and forward-thinking vision to support our clients, people and communities in seizing opportunities for...
Our annual C-suite barometer gathers the views of leading executives from all over the world. With insights from around 800 executives across 30 countries, we uncover the strategic priorities on the C-suite’s agenda and the market trends and transformations expected to impact businesses in the years ahead. Our latest study reveals that 2024 is set to be a bounce forward year: a year of increasing...
28 December 2023 This guide showcases the Electronic Simplified Processing of Application for Registration of Company (eSPARC), the Securities and Exchange Commission’s (SEC) new online facility catering to the application for registration of One Person Corporations (OPC) and Domestic Corporations (Both Stock and Non-stock). Online business registration Forvis Mazars Corporate Secretarial services.
Financial institutions have a leading role to play in shaping our sustainable future, and a strong need to reboot and shift to a more responsible finance model. As a core component of the economy, they bear the responsibility of upholding rigour and resilience in their risk management. With time running out to achieve a move towards nature-positive outcomes, what sustainability progress have banks...
In a world that has become reliant on digital technology, most organisations’ current cyber security strategies are no longer enough to combat threats. Future-proof your business by understanding and mitigating cyber risks.
Mature markets are experiencing a shift in consumer demand patterns as consumers move away from traditional products and services towards those consistent with environmental, social, and governance goals. Our study ‘Sustainable, smart, and synchronised’ explains how consumer companies can harness ESG and digital transformation to thrive in this changing environment.
Following three years of pandemic woes, the world is finally transitioning to normalcy. In Asia Pacific (APAC), the positive effects of the transition have been palpable. While there is no shortage of challenges, including inflation and high energy costs, APAC executives are confident of their growth prospects in the near future. They are proactively taking steps to tackle ongoing challenges, while...
20 June 2023 The public and social sector is in a time of transformation. Expectations of organisations in the sector are higher than ever while financial constraints and regulatory burdens are increasing.
Sustainability is at the heart of our business at Forvis Mazars, and to honour this, for the fourth consecutive year, we have released our 2022 sustainability report, which reflects our commitment in action.
The Asia Pacific region has emerged as a prime destination for M&A activities. But navigating the complexities of M&A transactions in diverse APAC markets can be challenging.
24 April 2023 Asia Pacific (APAC) is an important driver of the global economy. For businesses looking to expand and invest overseas, the region offers attractive and immense opportunities for growth.
As the world continues to navigate change, societal expectations are shifting, and organisations must keep up with the growing call to transform their operations to be more sustainable, comply with increasing regulations and meet new quality standards. At Forvis Mazars, we are prepared to not only rise to the challenge and invest where it counts for our firm and people, but also to support our clients...
27 March 2023 This year’s edition of our annual survey of global leaders, the C-suite barometer, is now available.
23 December 2022 Forvis Mazars' Corporate Services Principal, Joanne Ranada, shares new rules for incorporators and other significant updates to the Corporation Code.
The Philippine law defines sole proprietorship as a business structure owned by a lone individual who has complete control/authority of its own and holds all the assets, personally owes and answers to all liabilities and losses. A sole proprietorship must apply for a business name and be registered with the DTI-National Capital Region (NCR). In the provinces, the application may be filed with the...
Cooperatives in the Philippines are defined by the “Philippine cooperative code of 2008” as an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronising their products and services and accepting...
Partnerships are defined by the Philippine Civil Code as the contract of partnership, where two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves.
A corporation in the Philippines is defined as an artificial being created by law. It has the right of succession of powers, attributes, and properties expressly authorised by statute or incidental to its existence
This page details the most essential items needed to establish a business in the Philippines. Click the items below to avoid missing important business requirements in the Philippines.
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