By: Atty. Euney Marie Mata-Perez on July 16,2020 The integrity of a financial system is a key factor in its financial stability. Finance Secretary Carlos Dominguez 3rd and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno recently reiterated the need to amend Republic Act (RA) 1405, or the “Bank Secrecy Act.” This comes in the […]
By: Atty. Euney Marie Mata-Perez on July 9,2020 The coronavirus disease 2019 (Covid-19) pandemic and the community quarantines imposed to curb its spread certainly affected people’s lifestyles. It also affected their spending habits, as seen in the increase in the use of the internet and various online platforms to purchase various essential and nonessential goods. […]
By: Atty. Euney Marie Mata-Perez Because of the serious threat posed by the coronavirus disease 2019 (Covid-19) pandemic to the health, safety and security of Filipinos, a state of national emergency was declared over the country under Section 2 of Republic Act (RA) 11469, or “the Bayanihan to Heal as One Act.” Under the state […]
By: Atty. Euney Marie Mata-Perez on June 25,2020 The coronavirus disease 2019 (Covid-19) pandemic has spurred the growth of digital and online transactions, and this highlighted the taxation issues about them. In May, we saw the filing of House Bill 6765, or the “Digital Economy Act of 2020.” Sponsored by Albay Rep. José María Clemente […]
By: Atty. Euney Marie Mata-Perez on June 18,2020 The community quarantines brought about by the coronavirus disease 2019 (Covid-19) pandemic pushed many to use electronic or online platforms, like Facebook, Viber and Instagram, to continue their businesses or start new ones. However, there was some resistance when the Bureau of Internal Revenue (BIR) issued Revenue […]