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What is TRAIN Law (RA 10963)?

What is TRAIN Law (RA 10963)?

TRAIN basically stands for Tax Reform for Acceleration and Inclusion (Republic Act No. 10963) 

As the first package of the comprehensive tax reform program (CTRP) created under President Rodrigo Duterte's administration, this bill envisions a simpler, efficient and fair tax system in the Philippines that lessens the burden for the poor and the middle class.

In order to achieve this goal, areas such as personal income of taxpayers, oil products, cooperatives, automobile and beverages are affected.

Revenues will be placed in funds reserved for the purpose of community and economic development.

Why is tax reform necessary?

TRAIN, effective starting January 1, 2018, seeks to correct...


What is an Acceptable Business Name

What is an Acceptable Business Name

Your startup needs a name, and it may be the most important decision you make. The name of your business has a tremendous impact on how customers and investors view you, and in today’s small world, it’s a world-wide decision.

In determining whether a proposed business name for registration is acceptable, the following factors shall be considered:

  • The root word or words of the name shall be considered. (e.g. “Island” instead of “Islander”)
  • The business name should describe the nature of the business.
  • It should be comprised solely of any or all of the following:
    • Letters, numerals,...


How to Register a Business Name

How to Register a Business Name

You may apply directly with the DTI office where your business will be located or through the online facility, Web-Enabled Business Name Registration System (WEBNRS).

1. CHOOSE A BUSINESS NAME

We suggest you think of at least three business names in case your first preference cannot be registered.

If the name you have chosen is already similar or confusingly similar to a registered business name, your next preferred business name will be considered. [READ: What is an acceptable business name?]

2. SEARCH FOR A BUSINESS NAME

An online search facility is provided in the WEBNRS for you to find registered business names in the...


Setting Up Your Business

Setting Up Your Business

Starting up a business in the Philippines does not have to be a daunting task. You can follow these outlined steps:

Business Name Registration Requirements

Business Name Registration Requirements

The first step to registering your business is securing a business name. Having a business name will instill confidence in your customers and protect your business name against those who may wish to use it as well.

For Single Proprietorship

1. Must be a Filipino citizen, at least 18 years old
2. Filipinos whose names are suggestive of alien nationality must submit proof of citizenship such as birth certificate, PRC ID, voter’s ID, passport
3. If the applicant has a foreign sounding name, acquired Filipino citizenship by naturalization, election, or by other means provided by law, he must submit proof of his Filipino citizenship such as:

...