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The Revised Corporation Code of the Philippines, or Republic Act No. 11232, was enacted in 2019 to enhance the country’s corporate governance framework and foster a more business-friendly environment. This law introduces key amendments to the original Corporation Code, empowering both entrepreneurs and established businesses. Below are the highlights of this landmark legislation: 1. One-Person
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The Ease of Paying Taxes (EOPT) Act, officially known as Republic Act No. 11976, is a transformative piece of legislation in the Philippines aimed at simplifying tax compliance and enhancing efficiency within the country’s tax system. Signed into law on January 5, 2024, this act introduces a series of reforms to make tax filing and
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