By: Atty. Euney Marie J. Mata-Perez on September 25, 2025 THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 81-2025 reiterating and providing additional guidelines for deductions from gross income for income tax purposes. As a basic rule in taxation, a taxpayer...

By: Atty. Rey Christian M. Guintibano on September 18,2025 THE Bangko Sentral ng Pilipinas (BSP) recently invoked Republic Act 12010, or the Anti-Financial Account Scamming Act (Afasa), to investigate bank accounts linked to the flood control corruption scandal. The BSP said this marks its...

By: Atty. Lew Earvin H. Manarin on September 11,2025 MINING remains one of the Philippines’ most underutilized sectors despite the country’s vast mineral reserves and growing global demand for raw materials. The recently enacted Republic Act (RA) 12253, or the Enhanced Fiscal Regime for Large-Scale...

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...

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...

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...

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...

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...

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...