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Author: Aizel Sena

Notes on additional paid-in capital

By Nica Marsha Gasapo on October 20,2022 IN Securities and Exchange Commission (SEC) OGC Opinion 22-12 dated Sept. 27, 2022, the requesting party asked whether a corporation may be allowed to issue shares of stock at a premium and whether a corporation was allowed to have more paid-up capital...

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MTF Tax Journal September 2022

We are happy to be sending to you a copy of our new Tax Journal which highlights significant BIR issuances, Court Decisions, and other relevant issuances from other government agencies. Should you have questions on the above article, please do not hesitate to let us know or email us at info@mtfcounsel.com. Thank...

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Data privacy and civil registry documents

By Gladys Jane Dela Cruz on October 13,2022 IT is the policy of the state to protect the fundamental human right of privacy of communication while ensuring free flow of information to promote innovation and growth (Section 2, Data Privacy Act of 2012). Thus, the processing of sensitive personal...

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Tax incentive for free legal service

By Aziza Hannah A. Bacay on September 29,2022. “FREE access to the courts and quasi-judicial bodies and adequate legal assistance shall not be denied to any person by reason of poverty.” – Section 11, Article III (Bill of Rights) of the 1987 Constitution of the Republic of the Philippines. On...

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MTF Updates – BIR RMC No. 131-2022

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 131-2022 dated September 27, 2022, with attachment RMC No. 131-2022 announces the availability of offline Electronic Bureau of Internal Revenue Forms (eBIRForms)...

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MTF Tax Journal August 2022

We are happy to be sending to you a copy of our new Tax Journal which highlights significant BIR issuances, Court Decisions, and other relevant issuances from other government agencies. Should you have questions on the above article, please do not hesitate to let us know or email us at info@mtfcounsel.com. Thank...

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Registration of securities

By Gladys Jane Dela Cruz September 8, 2022 SECTION 8.1 of Republic Act 8799, or the “Securities and Regulation Code (SRC)” clearly states that securities should not be sold or offered for sale or distribution in the Philippines without a registration statement duly...

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MTF Updates – BIR RMC No. 122-2022

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 122-2022 dated August 18, 2022, with its attachments. RMC No. 122-2022 discusses the updating of registration information record of taxpayers who will enroll...

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Proving foreign law in Philippine courts

By Ramon Vaughn Dy III on September 1,2022 PHILIPPINE courts adhere to the doctrine of processual presumption, which generally means that where a foreign law is not pleaded or not proved even if pleaded, the presumption is that it is the same as Philippine law (EDI-Staffbuilders International...

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