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Author Archive

By: Euney Marie Mata-Perez on August 2, 2018

The current tax amnesty bill proposed by the Department of Finance (DOF) deals with an estate and a general tax amnesty (GTA) in separate parts, as well as with an unprecedented tax amnesty on delinquencies.

The first part of the proposed bill is the estate tax amnesty which requires the payment of a six percent estate tax amnesty tax (without interest and penalties) of the decedent’s undeclared estate valued at the time of death. It applies to estate taxes due for taxable year 2017 and prior years, similar to the estate tax amnesty originally proposed under House Bill No. 4814.

By: Florian Salcedo on July 5, 2018

On November 21, 2017, in time for its 81st anniversary celebration, the Securities and Exchange Commission (SEC) launched the full implementation of the SEC Company Registration System (CRS), an online platform providing for the full automation and online processing of corporations and partnerships, licensing of foreign corporations, and other corporate applications requiring SEC approval.

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Euney Marie J. Mata-Perez

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