MTF Articles Archives - MTF Counsel | Tax, Customs, Commercial, Corporate Lawyers Philippines

The trial on global trade

Written on September 4, 2025. Posted in MTF Articles.

By: Atty. Mark Anthony P. Tamayo on September 4,2025 On Friday, August 29, 2025, the United States of America (U.S.) Court of Appeals for the Federal Circuit significantly limited a key element of President Donald Trump’s trade policy. In a landmark 7-4 ruling, the court affirmed a lower court’s...

Exemptions from estate tax

Written on August 29, 2025. Posted in MTF Articles.

By: Atty. Aziza Hannah A. Bacay on August 28,2025 Estate Tax, in general As a rule, the rights of heirs or successors to inherit are transmitted from the moment of death of the decedent. However, this transmission of rights is also subject to compliance with administrative guidelines and also...

Telecommuting in light of tax incentives

Written on August 21, 2025. Posted in MTF Articles.

By: Atty. Donn Marie Isabelle M. Balina on August 21,2025 THE Covid-19 pandemic forced the world to adapt to new ways of living and working. Employers implemented work-from-home schemes, hybrid arrangements and shortened work weeks. While the global health emergency is now over, alternative work...

SEC’s vision: A more robust capital market

Written on August 14, 2025. Posted in MTF Articles.

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...

Explaining the 2% local tax on business enterprises

Written on August 7, 2025. Posted in MTF Articles.

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...

Taxpayer’s rights in criminal prosecutions

Written on July 31, 2025. Posted in MTF Articles.

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...

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

Written on July 24, 2025. Posted in MTF Articles.

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...

Create More’s redefinition of the FIRB and IPAs’ roles

Written on July 17, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Rio Krisel Bautista on July 17,2025 THE Create More Act or Republic Act 12066 was passed to improve our country’s competitiveness and make the grant and availment of incentives more equitable and efficient. Aside from making it easier for export-oriented enterprises to avail of value-added...

Cmepa amendments affecting debt markets

Written on July 10, 2025. Posted in MTF Articles, News, News and Updates.

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,...