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

New Year’s Wish: Legislation of a taxpayer’s bill of rights

Written on January 8, 2026. Posted in MTF Articles.

By: Atty. Euney Marie J. Mata-Perez on January 8, 2026 HAPPY New Year, everyone! The new year is the best time to take stock, look back and count our blessings, as well as a time to look forward and make resolutions (and wishes). We can do the same concerning the taxation regime of our country. In...

Tax leak dilemma

Written on December 25, 2025. Posted in MTF Articles.

By: Atty. Mark Anthony P. Tamayo on December 25, 2025 THE Pillar Two initiative of the Organization for Economic Cooperation and Development (OECD) has reshaped the landscape of global commerce. By mandating a 15 percent minimum effective corporate tax rate for large multinational enterprises...

A call for a transparent and fair BIR audit program

Written on December 18, 2025. Posted in MTF Articles.

By: Atty. Euney Marie J. Mata-Perez on December 18, 2025 THERE has been so much noise lately on the Bureau of Internal Revenue’s (BIR) issuance of letters of authority (LOAs) to taxpayers, particularly when these cover several years, resulting in taxpayers having to attend and defend assessments...

Immutability of judgment

Written on December 11, 2025. Posted in MTF Articles.

By: Atty. Mary Grace S. Tejada on December 11, 2025 ONE of the hallmarks of an effective and efficient administration of justice is the final resolution of legal disputes. As consistently held by the Supreme Court, every litigation must come to an end in the interest of society as a whole. Central...

Deducting bad debts

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

By: Atty. Rey Christian M. Guintibano on December 4, 2025 FOR many businesses, unpaid receivables are an unavoidable part of operations. Whether arising from unpaid invoices, defaulted loans, or broken payment promises, bad debts can significantly affect a company financially. The National Internal...

Knowing when BIR decisions are appealable

Written on November 28, 2025. Posted in MTF Articles.

By: Atty. Lew Earvin H. Manarin on November 27, 2025 TAX administration in the Philippines has long been guided by the principle that, while taxes are indispensable to government operations, their collection must still observe procedural fairness. Jurisprudence continues to refine the delicate...

Where do seized and forfeited goods go?

Written on November 20, 2025. Posted in MTF Articles.

By: Atty. Aziza Hannah A. Bacay on November 20,2025 TO effectively implement the Customs Modernization and Tariff Act (CMTA), the head and other officials of the Bureau of Customs (BOC) are granted the authority to exercise police authority, which includes the seizure and forfeiture of goods. Seizure...

Credit surety fund enables financial inclusion

Written on November 13, 2025. Posted in MTF Articles.

By: Atty. Euney Marie J. Mata-Perez on November 13,2025 I ATTENDED the annual conference of the Rural Bankers Association of the Philippines (RBAP), and this year’s theme was, “Bridging Generations, Building Futures: Growth, Succession, Governance in Rural Banking.” Rural banks have a...

Taxpayer’s remedy of compromise

Written on November 6, 2025. Posted in MTF Articles.

By: Atty. Xela Leona D. Laqui on November 6,2025 THE National Internal Revenue Code of 1997, as amended (“Tax Code”), provides taxpayers with certain remedies in addressing their tax liabilities, especially the delinquent ones. One of the most important is the remedy of compromise under Section...