ADVICE & RESULTS YOU NEEDED YESTERDAY.
We work with you to select the right legal entity and register with the Securities and Exchange Commission, the Bureau of Internal Revenue, the Social Security System, the Home Development Mutual Fund, and the Philippine Health Insurance Corporation. We also secure the Barangay Clearance and the Business Permit (i.e., Mayor’s Permit) from the relevant Local Government Units.
We stand as your resident agent or corporate secretary.
As your resident agent, we receive summons and other legal processes, and documents in all actions or other legal proceedings in the Philippines on behalf of your company.
As your corporate secretary, we take custody of your company records, we conduct shareholder and directors meetings, we manage the election of corporate officers, and we report relevant matters to the Securities and Exchange Commission, Bangko Sentral ng Pilipinas, the Monetary Board, and other regulatory agencies.
We handle the maintenance and renewal of your company’s permits and clearances from the relevant Local Government Units.
We assist with submissions to Philippine government agencies such as Social Security Service, PhilHealth, and Home Development Mutual Fund.
We monitor changes and developments in the government agencies that are relevant to your company, and advise if you must comply with revisions in regulatory requirements.
We want you to be profitable. We can advise you how to be as tax efficient as possible and help you navigate the complex Philippine tax system.
Our services include helping you avail of tax incentives, such as Income Tax Holidays and Value-Added Tax Exemptions, and preferential treatment under the tax treaties that the Philippines has with other countries.
We help bring your products safely into the Philippine market.
We help you obtain Import Permits, Certificates of Product Registrations, and Excise Tax Exemptions.
We help protect your Intellectual Property Rights and Commercial Rights in the Philippines.
Services Exports are services that are performed in the Philippines but rendered for clients abroad. Any service (except those which are illegal, immoral, or contrary to public order or public policy) that has a foreign market can become a Services Export. There is no definitive or exhaustive list of Services Exports. However, the most co
Services Exports are services that are performed in the Philippines but rendered for clients abroad. Any service (except those which are illegal, immoral, or contrary to public order or public policy) that has a foreign market can become a Services Export. There is no definitive or exhaustive list of Services Exports. However, the most commonly known services exporters in the Philippines are the call centers and the business process outsourcing (BPO) companies.
Creative Industries &
Knowledge-Based Services
Many Services Exports fall under the category of Creative Industries and Knowledge-Based Services. Aside from call centers and BPOs, other examples of Services Exports are:
What are the basic requirements for Services Exports?
First, the service activity in the Philippines must be rendered to a client abroad. Second, the service must be paid for in foreign currency. Third, the service provider must comply with the minimum export requirement. If it is Filipino-owned, then at least 50% of its revenue must come from exported services. If the service provider is foreign-owned, then at least 70% of its revenue must come from exported services. There are tax and other incentives that are available to Export Services that are registered with a Philippine Investment Promotion Agency such as the Philippine Economic Zone Authority (PEZA) and the Board of Investments (BOI). These incentives include Income Tax Holidays and exemptions from Value-Added Tax and Customs Duties on imports.
What incentives are available to Services Exporters?
There are fiscal and non-fiscal incentives that are available to Services Exporters.
What are the fiscal or tax incentives?
What incentives are available to Services Exporters?
There are fiscal and non-fiscal incentives that are available to Services Exporters.
What are the fiscal or tax incentives?
What are the non-fiscal incentives?
How can a Services Exporter get these incentives?
A Services Exporter can avail of fiscal and non-fiscal incentives by registering with one of the Investment Promotion Agencies (IPAs) of the Philippines.
What is the Income Tax Holiday?
During the Income Tax Holiday (ITH), a Registered Business Enterprise (RBE) does not pay income tax on revenue directly generated by a registered project.
How long is the Income Tax Holiday?
The ITH can last from four to seven years depending on:
What is the Income Tax Holiday?
During the Income Tax Holiday (ITH), a Registered Business Enterprise (RBE) does not pay income tax on revenue directly generated by a registered project.
How long is the Income Tax Holiday?
The ITH can last from four to seven years depending on:
What are the broad location categories for the ITH?
How much income tax does the ITH save?
The corporate income tax rates in the Philippines are either 25% or 20%, while the personal income tax rates range from 0% to 35%.
What happens after the ITH?
After the ITH, the RBE has a choice between two preferential tax treatment options:
1. Special Corprate Income Tax Regime; or
2. Enhanced Deductions Regime.
What other things must I consider in doing business in the Philippines?
Arriola & Relato Law OfficeS
2/F Adamson Centre, 121 L.P. Leviste Street, Salcedo Village, BARANGAY BEL-AIR, Makati city, National capital region, Philippines 1227
Copyright © 2024 Arriola & Relato Law OfficeS - All Rights Reserved.
Powered by GoDaddy Website Builder
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.