Philippines - a viable investment and retirement destination

In this blog, we will endeavor to provide information regarding the Philippine economy, investment, tourism and real estate in general and also in owning, selling, renting or leasing out properties in particular. Also posted are independent articles that the website administrator feels can help investors and retirees understand why the Philippines is a viable investment or retirement destination.

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RESA Bills Senate No. 2963 and House No. 3514 is now REPUBLIC ACT NO. 9646 signed by PGMA last June 29, 2009. Official Publication was made last July 15, 2009 at Phil. Daily Inquirer, page B-10 of the Business Section and after 15 days from date of publication or on July 30, the RESA law now becomes effective. Deal with licensed brokers only. Better still, deal with a Realtor ®.

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Bureau of Internal Revenue to lose P6 billion due to optional deduction

By Iris C. Gonzales (The Philippine Star) Updated March 12, 2010 12:00 AM MANILA, Philippines - The Bureau of Internal Revenue (BIR) expects to lose up to P6 billion this year from the Optional Standard Deduction privilege allowed under RA 9504 or the Read More...

Posted Friday, March 12, 2010 3:25 PM by Odilon "Ody" dela Merced | 0 Comments

Filed under: Philippine economy, Taxes, Business