By: Euney Marie Mata-Perez on November 15, 2018
Mutual trust and respect between taxpayers and tax authorities, as well as fairness in tax laws, are cornerstones to a successful and effective tax system. Taxation is one of the State’s inherent and great powers. However, when exercising such power, the State should recognize taxpayers’ rights. Taxpayers, on the other hand, have the duty to comply with tax laws and pay their taxes correctly.
While we have the bill of rights enshrined in our constitution, we do not have a focused law setting out taxpayer’s rights and obligations. Some fundamental rights, such as the right to due process, including the right to be properly notified of and dispute assessments and decisions, have been upheld by our courts.
By: Euney Marie J. Mata-Perez on November 8, 2018
In the recently published 2019 World Bank Doing Business (DB) Report, the ranking of the Philippines dropped 11 notches from 113th place for the year 2018 to 124th place for the year 2019 out of 190 economies. In 2017, the Philippines was ranked 99th.
The World Bank (WB) noted that while the Philippines improved in terms of starting a business, dealing with construction permits and protecting minority investors, it did not do well when it came to trading across borders. According to the DB Report, “[t]he Philippines made trading across borders more difficult by increasing the number of inspections for importing, thereby increasing the average time for border compliance.” This slide in ranking was also attributed to the steep costs of business registration and policies of lengthy imports inspection.
By: Euney Marie J. Mata-Perez on November 1, 2018
We just attended the 2018 World Conference of the International Tax Specialist Group (ITSG) held in the beautiful Rosewood Hotel in Beijing last Oct.r 24-26, 2018.
The conference was attended by around 80 tax specialists and advisers from all over the world.
The ITSG network provides high quality, practical, and creative international tax advice on a worldwide basis. It has members in some 50 countries around the world.
By: Nica Marsha V. Gasapo on October 25, 2018
A worker and an employer enter into an employment contract to realize their respective interests—the worker, to make ends meet; the employer, to earn profits.
An employment contract, however, is a special contract because the State can step in to regulate its terms and conditions.
Article 1700 of the Civil Code of the Philippines provides that labor contracts are impressed with public interest and must yield to the common good.
With a team approach that combines the tax, corporate, litigation and labor proficiency of our partners and lawyers, we provide holistic, practicable and hands-on assistance from the boardroom to the courtroom.
Our office address:
15/f Unit A. ACT Tower, H.V. Dela Costa St.
Salcedo Village, Makati City 1227 Philippines
Telefax: +632 831-1297
Telephone: +632 808-5375 • +632 815-0069
Euney Marie J. Mata-Perez
Mark Anthony P. Tamayo
Gerardo Maximo V. Francisco