Gerardo Maximo V. Francisco
Partner
T: (63 2) 8831-1297M: (63) 917-8816644 / (63) 918-8816644
Unit 1002, One Corporate Plaza845 A. Arnaiz Avenue, Legaspi VillageMakati City 1229, Philippines
gary.francisco@mtfcounsel.com
www.mtfcounsel.com
Author: Cara Tengco
Erroneously passed-on input VAT
By Euney Marie Mata-Perez on March 24, 2022
In last week’s article, we discussed Revenue Memorandum Circular (RMC) 24-2022, which interpreted the rules on value-added tax (VAT) zero rating under the National Internal Revenue Code as amended by the Create Act (Republic Act 11534). Specifically,...
Euney Marie J. Mata-Perez
Managing Partner
T: (63 2) 8831-1297DL: (63 2) 8808-5375M: (63) 917-533-1907/(63) 918-833-1907
Unit 1002, One Corporate Plaza 845 A. Arnaiz Avenue, Legaspi Village Makati City 1229, Philippines
euney.mata-perez@mtfcounsel.com
...
A Specialty Like No Other
By Leah C. Salterio published on March 18, 2022 in the Business Section of The Manila Times
A high aptitude for tax practice became an undeniable advantage for this driven professional
Att. Euney Marie J. Mata-Perez
“I get this driven professional fulfilled in looking at the bigger...
The Death of the ‘Cross Border Doctrine’ For Sales to Registered Export Enterprises
By Euney Marie Mata-Perez on March 17, 2022
The Bureau of Internal Revenue (BIR) just released Revenue Memorandum Circular (RMC) 24-2022 (RMC 24-2022), which expressly confirmed that the cross-border doctrine, as applied to economic zones (ecozones) or freeport zones has been rendered ineffectual...
A Breakdown of Changes to the Foreign Investments Act
By Ramon Vaughn Dy on March 10, 2022
Republic Act (RA) 11647, which amended the Foreign Investments Act of 1991, was finally signed into law last March 2. It introduced some significant changes aimed at easing restrictions on foreign investments to help stimulate economic growth amid the continued...
Basics and More… Income Tax Filing and SEC Online Filing To Do’s
Be reminded of your To Do list for the BIR and SEC filings. Catch the latest on these from our resource speakers Mr. Richard Ibarra, Tax Advisory and Compliance Director of P&A Grant Thornton and Atty. Maritess Sy, Partner at Castillo Laman Tan Pantaleon And San Jose Law Firm on March 24...
Guidance on the Filing of Requests for Confirmation, Tax Treaty Relief Applications, and Tax Sparing Applications
By Nica Marsha Gasapo on March 3, 2022
In 2021, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (“RMO”) No. 14-2021 and Revenue Memorandum Circular (“RMC”) No. 77-2021 which streamlined the procedure for the availment of benefits under the applicable tax treaty. These issuances...
MTF Updates – SEC Memorandum Circular No. 02, series of 2022 (Schedules for Filing of Annual Financial Statements and General Information Sheet)
Dear Valued Clients and Friends,
We are sending to you a copy of Securities and Exchange Commission Memorandum Circular No. 02, series of 2022 issued on February 8, 2022, providing for the schedule for the filing of annual financial statements and general information sheet for the year 2022.
Should...