Any person who uses the services of another person in business, trade, industry or any undertaking or social, civic, professional, charitable and other non-profit organizations who hire the services of employees are classified as employers. As employers, they have duties and responsibilities to their employees besides complying with labor and Philippine laws such as prompt…
Program Objective: To help overseas Filipino workers and their families start or sustain their own business through access to credit, capability building, market linkage and other forms of livelihood or entrepreneurial assistance. Target Clients: All active and former member-OFWs of the Overseas Workers Welfare Administration (OWWA) OFWs’ immediate family members (only one family member per…
Program Title: Agri-Microfinance Program (AMP) For Small Farmers And Fisherfolk And Their Households For El Niño And Calamity Stricken Areas Program Objectives: The program aims to reduce poverty and improve the quality of life of marginalized farmers and fisherfolk by financing agricultural projects and activities that will increase their productivity and incomes. Program Scheme: The…
The Enterprise Development and Loan Program, formerly known as OFW-Reintegration Program, is an enterprise development intervention and loan facility of the Overseas Filipino Workers Administration, in partnership with Land Bank of the Philippines and the Development Bank of the Philippines intended to support enterprise development among Filipino migrant workers and their families. Who are eligible…
If you wish to engage in a business on your own and not in a partnership or corporation, you may apply the business as a sole proprietor. This type of business is defined as owned and managed by an individual. 5 Benefits of a Sole Proprietor Business It requires minimal amount of capital money, as…
A taxpayer identification number or TIN is issued by the Bureau of Internal Revenue for employees in the public and private sector. This allows efficient transaction for individuals and businesses who may otherwise have similar names that causes confusion and possibly result in wrong identification. Filipinos based abroad whose income is purely sourced outside of…
Here is a list of top business taxpayers in the Philippines for 2014, ranked according to rank from amount of tax paid to the Philippine government, as of January 2016. TOP 500 NON-INDIVIDUAL TAXPAYERS FOR TAXABLE YEAR 2014 RANK RDO TIN TAXPAYER NAME INCOME TAX DUE 1 121 000101528-000 MANILA ELECTRIC COMPANY “MERALCO” 9,686,422,384.00 2…
Here is a list of top individual taxpayers in the Philippines for 2014, ranked according to rank from amount of tax paid to the Philippine government, as of January 2016. LIST OF TOP 500 INDIVIDUAL TAXPAYERS FOR TAXABLE YEAR 2014 RANK RDO TIN TAXPAYER NAME REGULAR INCOME TAXES PAID 1 041 110393137-000 Ng, Jacinto L….
