The Invoices with the Right VATs
Despite the VAT exemption, an invoice is mandatory. Under certain conditions a tax exemption can be granted according to 4 UStG. This can be obtained, for example, on intra-community deliveries.…
How coronavirus has damaged small business and companies in the Us
With the coronavirus pandemic, companies are facing unprecedented work organization problems and economic difficulties. The stock market prices are collapsing; the turnover of companies are in free fall. While organizing…
P34.5B removed from agencies, diverted to COVID-19 response, say DBM data
Budget cuts inflicted upon agencies further ballooned to a net of P34.5 billion in July as more money was diverted to COVID-19 response, Department of Budget and Management (DBM) data…
Japan stocks fall after economy contracts, other markets up
BEIJING — Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. (AP Photo/Eugene…
Japan’s economy shrinks at record rate, slammed by pandemic
TOKYO — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released…
Tampakan LGU terminates deal with mining firm
The municipality of Tampakan has terminated an agreement that allowed Sagittarius Mining Inc. (SMI) to continue its mining operations in the area, citing “vague” and “disadvantageous” terms in the contract.…
‘Just a matter of time’ before BSP reserves top $100B
The Philippines’ foreign exchange reserves will likely top the $100-billion mark soon, according to the chief of the central bank—a situation that will give the country a measure of protection…
Gov’t got BSP nod for $5.6B in foreign loans to fund pandemic fight
The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out…
Bangko Sentral seen pausing on rate cuts
The Bangko Sentral ng Pilipinas (BSP) is widely expected to temporarily pause from monetary easing and keep the policy rate at 2.25 percent when its policy-making body meets on Thursday…
BIR confiscates P1.2B worth of counterfeit cigarettes, tax stamps
Raids conducted by the Bureau of Internal Revenue’s (BIR) “strike team” against the illicit trade of cigarettes have already yielded over P1.2 billion in counterfeit sticks and fake tax stamps…