Master Citizen

If you have had a Tax Identification Number (TIN) for quite some time now but still do not have a physical TIN ID, the Bureau of Internal Revenue (BIR) has some good news for you.  This year, the BIR introduced a convenient Digital Tax Identification Number (TIN) ID accessible to all via the Online Registration and Update System (ORUS). The user-friendly website can be accessed effortlessly from a desktop, laptop, or mobile phone with an internet connection.   Here's how: 1. Log on to orus.bir.gov.ph and choose the activity you wish to perform: New Registration Secondary Registration Update Information (Corrections or changes on registration details, cancellation of TIN, or closure of business or facility) Verify TIN or search for BIR-registered businesses Register a branch or facility Other inquiries about Tax Identification Numbers 2. To proceed, click the Login button on the upper right corner of the page. 3. If you still do not have an account with ORUS, click the blu...

Talking about death is a somber but unavoidable subject. The timing and manner of our exit from this world remain uncertain, be it due to an accident, illness, or simply old age. This unpredictability underscores the importance of readiness, especially for those with significant assets and obligations. A frequently asked question concerning financial matters linked to death revolves around credit card debt. What occurs when a credit card holder passes away in the Philippines? Is the debt wiped away completely? Or does it get passed on to your spouse and children? This article aims to clarify the impact of your passing on debts and the necessary steps to prepare for such situations. What does our law say about unpaid debts of the deceased? Your debts do not get written off after you die. They outlive you.  The New Civil Code of the Philippines states, "Succession is a mode of acquisition by virtue of which the property, rights, and obligations to the extent of the value of the inhe...