By: Euney Marie J. Mata-Perez on December 6, 2018 Senate Bill 1979 (in relation to House Bill 4800) proposes to impose a royalty tax on both metallic and non-metallic mining operations conducted outside mineral reservations, whether large scale or small scale, at three percent of the market value...

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...

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...

by Atty. Mark Anthony Tamayo The Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC), both attached agencies of the Department of Finance (DOF), are the country’s main revenue collecting agencies. The government relies heavily on them to fund its various expenditures. Their yearly collection...

By Atty. Euney Mata-Perez Today is a good and exciting day for our law firm. Beginning today and every Thursday, we have the privilege (thank you, The Manila Times!) of being able to share and write here about our work and passion – the law. We love the law because its intention is noble – it aims...

MTF Partner and customs law expert, Atty. Mark Anthony P. Tamayo, was inducted as a new member of the Tax Management Association of the Philippines, during the TMAP induction and membership meeting held last January 25, 2017. BIR Commissioner Cesar R. Dulay was the guest speaker and inducting officer...

The TRAIN or Tax Reform for Acceleration and Inclusion Law (Republic Act No. 10963) provided some relief to us, taxpayers. TRAIN amended Section 2491 of our Tax Code to prohibit expressly the simultaneous or overlap in the imposition of the 20% deficiency interest and 20% delinquency interest, and...

Mata-Perez Tamayo & Francisco (MTF Counsel) conducted a successful Tax and Customs Update Seminar on Monday, February 5, 2018, at the Shangri-La Makati. Atty. Euney Marie J. Mata-Perez, the Managing Partner of the firm, discussed the salient changes under the Tax Reform Acceleration and Inclusion...

The Tax Reform for Acceleration and Inclusion (TRAIN) Act, otherwise known as Republic Act (RA) 10963, is basically a blend of increases as well as reductions in tax rates. While it increased the tax on certain passive incomes, documentary stamp as well as excise on petroleum products, minerals, automobiles...