By: Atty. Euney Marie J. Mata-Perez on July 25,2024
Last July 11, 2024, I joined as one of the panelists in the 11th PICPA-Cebu Summit where I discussed the pending PIFITA or the Passive Income and Financial Intermediary Taxation Act Bill (House Bill No. 4339) which seeks to reform the taxation...
By: Atty. Raida Argelli G. Grefiel on July 18,2024
Our National Internal Revenue Code, as amended (the “Tax Code”) empowers the Commissioner of Internal Revenue (“CIR”) to conduct an assessment of the taxes paid by a taxpayer through the CIR’s duly authorized representative armed with a...
By: Atty. Euney Marie J. Mata-Perez on July 11,2024
On 13 June 2024, President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 12001, the Real Property Valuation and Assessment Reform Act (RP-VAR Act), which will change significantly the landscape of our real property valuation...
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...
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Republic Act No. 11976, the Ease of Paying Taxes Act (“EOPTA”), repealed Section 34(K) of the National Internal Revenue Code (“Tax Code”) which provides that expenses or income payments are allowed as deductions from gross income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...
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...
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...
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...
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...