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Emerging from Mergers

By: Atty. Lew Earvin H. Manarin on July 4, 2024 Mergers play a crucial role in the corporate landscape. Mergers help companies compete better, keep up with new technology, and handle economic changes more effectively. Overall, mergers can be essential catalysts for growth and staying competitive...

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Withholding Tax Requirement Repeal Issues

By: Atty. Euney Marie J. Mata-Perez on June 27,2024 Republic Act No. 11976, the Ease of Paying Taxes Act (“EOPTA”), repealed Section 34(K) of the National Internal Revenue Code (“Tax Code”) which provides that expenses or income payments are allowed as deductions from gross income “only if it...

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Supreme Court rules in favor of privacy rights

By: Atty. Xela Leona D. Laqui on June 20,2024 In the recent case Integrated Bar of the Philippines v. Purisima, (G.R. Nos. 211772 and 212178, April 18, 2023) (the “IBP Case”), the Supreme Court invalidated portions of Sections 2(1) and 2(2) of Bureau of Internal Revenue (“BIR”) Revenue Regulations...

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Philippine SEC’s Fintech Regulatory Sandbox

By: Atty. Euney Marie J. Mata-Perez on June 13,2024 Our Securities and Exchange Commission (SEC) is now open to developing the financial technology (“Fintech”) industry and adopting the latest innovations in this industry in the Philippines.  In April of this year, the SEC, through its newly...

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MTF Counsel’s 11th

By: Atty. Euney Marie J. Mata-Perez on June 6,2024 We are doubly blessed, as we celebrated our firm’s 11th anniversary yesterday, June 4, 2024.  Eleven is double one—as what Fr. Pat Villasanta of the Salesian Order said, double one means double blessings, as the number 1 represents God. My...

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Proposed New VAT on Digital Services

By: Atty. Euney Marie J. Mata-Perez on May 23,2024 Our government is poised to expand its wings, to take advantage of the global growth of the digital economy. The Senate approved on third reading Senate Bill (SB) No. 2528, a bill proposing to impose the 12% value-added tax (VAT) on suppliers...

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