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Dear Valued Clients and Friends, We are sending to you a copy of Securities and Exchange Commission (SEC) Memorandum Circular No. 12, series of 2020, published on April 15, 2020. SEC MC No. 12 prescribes the following rules to be adopted by publicly-listed companies for sale of corporate assets: Sale...

Dear Valued Clients and Friends, We are sending to you a copy of Securities and Exchange Commission (SEC) Notice April 22, 2020. The SEC extended the filing of Integrated Annual Corporate Governance Report by publicly listed companies until July 30, 2020. Should you have questions on the above article,...

By: Atty. Carence Navidad on April 23,2020 FILIPINOS’ “bayanihan spirit” is again on display amid the coronavirus disease 2019 (Covid-19) pandemic. Various sectors have been contributing financially, donating various medical equipment, supplies and food to several health facilities and frontline...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Customs (BOC) Customs Memorandum Order (CMO) No. 10-2020 dated April 8, 2020, entitled, “Summary Abandonment Proceedings during Enhanced Community Quarantine.” The abandonment proceedings for the refrigerated containers and...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 44-2020 dated April 17, 2020, entitled, “Issuance of temporary electronic copies of VAT Certificates (VCs) and VAT Identification Cards (VICs) due to the continuing...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 43-2020 dated April 17, 2020, entitled, “Prescribes the guidelines in the acceptance of payment of internal revenue taxes during the Enhanced Community Quarantine...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 42-2020 dated April 17, 2020. The BIR provided guidelines for the taxpayers who will be filing manually or will be using Offline eBIRForms Package or are enrolled...

By Atty. Aziza Hannah Bacay on April 16,2020 With the Luzon-wide enhanced community quarantine (ECQ) extended until April 30, it is just proper for the Bureau of Internal Revenue (BIR) to also extend various statutory and tax deadlines. Such an extension is mandated by Republic Act 11469, or the...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Regulation (RR) No. 10-2020 dated April 14, 2020, which extends further the statutory deadlines and timelines for the submission and/or filing of various documents and/or returns, as well as the...