Situs of local franchise tax

By: Atty. Rey Christian M. Guintibano on April 24,2025 LOCAL government units (LGUs) have the power to create their own sources of revenue pursuant to Section 5, Article X of the 1987 Constitution. This power to tax was further defined by Republic Act 7160, or the Local Government Code of 1991...

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A key to strong corporate governance

By: Atty. Raida Argeli G. Grefiel on April 4,2025 DIRECTORS play a key role in corporations. Being juridical entities, corporations cannot act on their own but only through the acts of natural persons comprising its board of directors. To be precise, the Revised Corporation Code (RCC) provides...

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What Create More’s amendments mean

By: Atty. Euney Marie Mata-Perez on February 27,2025 THE Department of Finance (DOF) and Department of Trade and Industry (DTI) have released the Implementing Rules and Regulations (IRR) of the Create More Law (Republic Act 12066), which amended Title VIII of the National Internal Revenue Code...

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