By: Atty Gerardo Maximo Francisco on May 7,2020
Covid-19 has caused financial injury and distress to many Filipinos. By early 2021, after the grace periods for loans and other forms of financial assistance granted under Bayanihan 2 will have been exhausted, many more Filipinos will experience the...
By: Atty. Irish May Quintana on December 3,2020
The abatement or cancellation of internal revenue tax liability is one of the remedies available to taxpayers. This is pursuant to the broad powers of the Commissioner of Internal Revenue (CIR) to cancel and abate tax liabilities under our National...
By: Atty. Ellaine Anne Bernardino on November 26, 2020
An intra-corporate dispute is one that arises between a stockholder and the corporation, or among stockholders concerning the internal affairs of the corporation.
Previously, the Securities and Exchange Commission (SEC) had the jurisdiction to...
By: Atty. Aziza Hannah Bacay on November 19,2020.
Republic Act (RA) 11494, or the “Bayanihan to Recover as One Act” (Bayanihan 2), which implements the government’s response and recovery interventions related to the Covid-19 pandemic, granted some tax relief and incentives to taxpayers. One of these...
By. Atty. Euney Marie Mata-Perez on November 12,2020.
A government or state exercises its taxing power and authority only on taxpayers, income or transactions that fall within its jurisdiction. Thus, the situs, or place, of taxation is critical in determining whether or not a state has the power...
By: Atty.Aziza Hannah Bacay on October 29,2020.
It has been more than a year since Republic Act 11213, or the “Tax Amnesty Act” (TAA), was enacted. It became effective on March 1, 2019. The TAA originally provided for an estate tax amnesty, a general tax amnesty and a tax amnesty on delinquencies,...
By: Atty. Euney Marie Mata-Perez on October 22,2020
Quarantine measures imposed by governments that restrict travel and movement because of the Covid-19 pandemic do not only affect economies, but also tax rules.
In taxation and international tax treaty rules, the number of days a taxpayer or its...
By Atty. Kathleen Guiang on October 15,2020
The Covid-19 pandemic has not only prompted a global health emergency, but also caused severe global economic stress. In response, the government has implemented various measures and programs to manage its impact. To execute and sustain them, the government...
By: Atty. Nica Marsha Gasapo on October 8,2020
The Supreme Court has emphasized that a person’s employment — the main source of livelihood for most families — is something that no one may be deprived of without due process of law. This basic doctrine has gained special significance after the coronavirus...