Archives for November 2013

Computation of Tax on Dividends

It’s almost year-end as of this writing. During this time, many are already calculating how much profit they have earned for the year, and if there will be dividends to declare. A dividend is a cash or non-cash distribution of net earning to the stockholder of a corporation. It is usually distributed to stockholders after […]

New BIR Rules on Tiangges/Bazaars or Privelege Stores

During Christmas season, most people are willing to shop or buy variety of goods, whether as gift or personal use. To meet the seasonal high demand on various goods, many aspiring or seasoned entrepreneurs organize and operate “Tiangge” or “Bazaar” (referred to as privilege stores).  The Tiangge or Bazaar event usually operates for a short […]