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By: Euney Marie J. Mata-Perez on December 6, 2018 Senate Bill 1979 (in relation to House Bill 4800) proposes to impose a royalty tax on both metallic and non-metallic mining operations conducted outside mineral reservations, whether large scale or small scale, at three percent of the market value...

        By: Euney Marie J. Mata-Perez on November 29, 2018 Medical and hospitalization costs in the Philippines are not cheap and could be daunting for ordinary employees. Thus, to cover these costs, many employers obtain group health insurance plans or “health cards” for their...

By: Euney Marie J. Mata-Perez on November 22, 2018 We are finally moving forward on the proposed general and estate tax amnesties. The Senate approved Senate Bill No. 2059 (SB 2059) on third and final reading last Nov. 19, 2019. On the other hand, the House of Representatives approved its counterpart...

By: Euney Marie Mata-Perez on November 15, 2018 Mutual trust and respect between taxpayers and tax authorities, as well as fairness in tax laws, are cornerstones to a successful and effective tax system. Taxation is one of the State’s inherent and great powers. However, when exercising such power,...

By: Euney Marie J. Mata-Perez on November 8, 2018 In the recently published 2019 World Bank Doing Business (DB) Report, the ranking of the Philippines dropped 11 notches from 113th place for the year 2018 to 124th place for the year 2019 out of 190 economies. In 2017, the Philippines was ranked 99th. The...

By: Euney Marie J. Mata-Perez on November 1, 2018 We just attended the 2018 World Conference of the International Tax Specialist Group (ITSG) held in the beautiful Rosewood Hotel in Beijing last Oct.r 24-26, 2018. The conference was attended by around 80 tax specialists and advisers from all over...

By: Nica Marsha V. Gasapo on October 25, 2018 A worker and an employer enter into an employment contract to realize their respective interests—the worker, to make ends meet; the employer, to earn profits. An employment contract, however, is a special contract because the State can step in to regulate...

By: Felson M. Dalaguete on October 18, 2018 A corporation that permits the accumulation of earnings and profits beyond the reasonable needs of the business is subject to the 10 percent Improperly Accumulated Earnings Tax (IAET). If the accumulation is justified to be within the reasonable needs of...

By: Elreen Joy O. De Guzman on October 11, 2018 Under Senate Bill (SB) No. 1280, the proposed Revised Corporation Code of the Philippines, a single natural person, trust, or estate can form a one-person corporation (OPC). Unlike a sole proprietorship, an OPC will have a juridical personality separate...