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Author: Aizel Sena

Certainty in judicial practice

By Nica Marsha Gasapo on August 25,2022 STARE decisis et non quieta movere, meaning “stand by the decisions and disturb not what is settled,” is a doctrine rooted in the necessity of stability, certainty and predictability in judicial decisions. Stare decisis is based on...

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MTF Tax Journal July 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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General obligations of a withholding agent

By Gladys Jane Dela Cruz on August 19,2022 THE withholding tax system is a mechanism to facilitate the collection of taxes from taxpayers. In the case of Chamber of Real Estate and Builders’ Associations Inc. v. Executive Secretary Alberto Romulo, et al. (GR...

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Intra-corporate and intercorporate disputes

By Ramon Vaughn Dy III on August 11,2022 DISPUTES within a corporation or between/among corporate entities or persons within a corporate entity are inevitable. These vary and are dependent on who the parties are and their relationships to each other. Generally, the disputes can be classified as...

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FINEX Tax and Legal Updates

Mata-Perez, Tamayo & Francisco. “Financial Products and Services Consumer Protection Act, Memorandum Order No. 61: Approving the 2022 Strategic Investment Priority Plan.” FINEX Tax & Legal Updates, 2022 Quarter 2 | Vol. 1

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Guidelines for online businesses

By Aziza Hannah Bacay on August 4,2022 TWO years into the Covid-19 pandemic, we have witnessed how consumers transitioned from being buyers from traditional brick-and-mortar businesses to online shoppers. Indeed, online transactions provide a more convenient means for consumers to avail of goods...

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Consolidated guidelines on accreditation of importers

By Gwendolyn Ann Banaria on July 28,2022 THE Bureau of Customs (BoC) recently issued Customs Administrative Order (CAO) 07-2022, which provides revised guidelines on the accreditation of importers and consolidates three previous issuances: Customs Memorandum Orders 11-2014, 05-2018 and 31-2019. CAO...

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MTF Updates- Renewal of Customs Accreditation

Dear Clients and Friends, On July 5, 2022, the Bureau of Customs (BOC), through Customs Administrative Order (CAO) No. 07-2022, issued a consolidation of guidelines on the accreditation of importers. Under this CAO, the BOC lists down the documentary requirements to be submitted in support...

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The SC on the doctrine of corporate opportunity

By Ellaine Anne Bernardino on July 21, 2022 A COMPANY director holds a position of trust and confidence and should be loyal to the corporation he or she serves. As such, a director puts the corporation’s interests first over his or her own in case a business opportunity presents itself....

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