Does honesty truly matter nowadays? If in case it still does, how much does it cost? Allow me to share with you such a remarkable insight regarding honesty of an Australian Billionaire by the name of Kerry Strokes. According to this well established businessman, “Honesty is the building blocks upon which our whole society […]
News & Updates
Is honesty still the best policy? The advocacy for a genuine tax reform is not just about lowering taxes or abolishing BIR. If we want to stop corruption in government, we need to stop bribing BIR examiners and electing corrupt politicians. We need to lend a hand for the change we want. We should be […]
In the Philippines if you are a hard working employee receiving at least P30,000 monthly salary, your income will be subject to 30% personal income tax same as the corporate income tax. And if you work harder to earn more than P500,000 a year, you will pay the highest income tax rate at 32% while […]
As long as it will apply first to all our honorable congressmen and senators, I think we should pass it first before any reform in government takes effect to stop corruption, tax evasion or even smuggling. This, together with the Freedom of Information Act will greatly uplift morale and public trust, and promote honesty and […]
The Philippine Tax Whiz discusses the key areas for reform to help the government collect the right taxes. How come the billionaires in our country are not among the top individual taxpayers? Are we not supposed to collect more taxes from the rich? I read in one of your Instagram posts that the business owners pay only […]
The last comprehensive tax reform in the Philippines happened thirty years ago and there were several attempts to improve the current tax system. Now that there’s a new administration, there is an opportunity to pass and implement a meaningful tax reform with all the stakeholders included in the process. This triggered the initiative from […]
Seal of Honesty
As business owners and executives of established companies in the Philippines, we acknowledge our company's responsibility to lead by example in the fight against corruption and to promote a culture of honesty and integrity in doing business.
While the government has its own initiatives to improve the revenue collection system of the country, we realize those initiatives cannot succeed without doing our fair share to complement those reforms by paying the right taxes, supporting an advocacy for genuine tax reform, and committing to ethical business practices and good corporate governance by supporting the Integrity Initiative.
SEAL OF HONESTY is a certification program by CSR Philippines to promote a culture of honesty and integrity in paying taxes. The Seal of Honesty supports and complements the Integrity Pledge signed by professionals and corporations for ethical and corporate good governance. It includes a 3-year citizen tax planning to improve the voluntary compliance of qualified individual and corporate taxpayers allowing them to declare true profit and pay the right taxes without the unnecessary burden of penalties and compromises.
It aims to build a community of honest taxpayers recognized by the government for their significant contributions in nation building by paying their taxes correctly. As an incentive, we hope concerned government agencies like BIR, DTI will give incentives to them e.g., green lane, no penalty, no audit and express or automatic tax clearance for government bidding etc.
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