SEC’s vision: A more robust capital market

By: Atty. Euney Marie Mata-Perez on August 14,2025 SHAREPHIL (Shareholders Association of the Philippines Inc.) on Aug. 8 hosted another well-attended forum, with Securities and Exchange Commission (SEC) chairman and SharePHIL past president Francis Edralin Lim as guest speaker. The forum was...

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Explaining the 2% local tax on business enterprises

By: Atty. Euney Marie J. Mata-Perez on August 7,2025 THE Create More Act or Republic Act (RA) 12066 amended Section 294 of the National Internal Revenue Code (Tax Code) to introduce a local tax of not more than 2 percent, which can be imposed by local government units (LGUs) on registered business...

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Taxpayer’s rights in criminal prosecutions

By: Raida Argeli Grefiel on July 31,2025 IN criminal cases filed by the state against an individual or entity accused of violating a law or ordinance, the People of the Philippines stand as plaintiff or initiator of the lawsuit. Because of the weight of criminal prosecutions, there are long-standing...

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‘Create-ing More’ efficiency in the VAT refund process

By: Atty. Lew Earvin Manarin on July 24,2025 THE Create More Act (Republic Act 12066) and its implementing regulations introduced key amendments to the VAT refund and tax credit system in the National Internal Revenue Code (the “Tax Code”). These reforms, aimed at simplifying and expediting the...

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Cmepa amendments affecting debt markets

By: Euney Marie Mata-Perez on July 10,2025 LAST week, we discussed amendments introduced by Republic Act 12214, or the “Capital Markets Efficiency Promotion Act” (Cmepa). Cmepa’s key policy consideration is to allow our capital markets to develop as efficiently as possible, with the least intervention,...

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VAT refund under Create More

By: Atty. Rey Christian M. Guintibano on June 26,2025 IN our article published on June 19, 2025, we discussed the requirement under Republic Act 12066, or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (Create More), for export-oriented...

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