MTF Articles Archives - Page 5 of 51 - MTF Counsel | Tax, Customs, Commercial, Corporate Lawyers Philippines

Explaining the 2% local tax on business enterprises

Written on August 7, 2025. Posted in MTF Articles.

By: Atty. Euney Marie J. Mata-Perez on August 7,2025 THE Create More Act or Republic Act (RA) 12066 amended Section 294 of the National Internal Revenue Code (Tax Code) to introduce a local tax of not more than 2 percent, which can be imposed by local government units (LGUs) on registered business...

Taxpayer’s rights in criminal prosecutions

Written on July 31, 2025. Posted in MTF Articles.

By: Raida Argeli Grefiel on July 31,2025 IN criminal cases filed by the state against an individual or entity accused of violating a law or ordinance, the People of the Philippines stand as plaintiff or initiator of the lawsuit. Because of the weight of criminal prosecutions, there are long-standing...

‘Create-ing More’ efficiency in the VAT refund process

Written on July 24, 2025. Posted in MTF Articles.

By: Atty. Lew Earvin Manarin on July 24,2025 THE Create More Act (Republic Act 12066) and its implementing regulations introduced key amendments to the VAT refund and tax credit system in the National Internal Revenue Code (the “Tax Code”). These reforms, aimed at simplifying and expediting the...

Create More’s redefinition of the FIRB and IPAs’ roles

Written on July 17, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Rio Krisel Bautista on July 17,2025 THE Create More Act or Republic Act 12066 was passed to improve our country’s competitiveness and make the grant and availment of incentives more equitable and efficient. Aside from making it easier for export-oriented enterprises to avail of value-added...

Cmepa amendments affecting debt markets

Written on July 10, 2025. Posted in MTF Articles, News, News and Updates.

By: Euney Marie Mata-Perez on July 10,2025 LAST week, we discussed amendments introduced by Republic Act 12214, or the “Capital Markets Efficiency Promotion Act” (Cmepa). Cmepa’s key policy consideration is to allow our capital markets to develop as efficiently as possible, with the least intervention,...

Explaining the Capital Markets Efficiency Promotion Act

Written on July 3, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Euney Marie Mata-Perez on July 3,2025 ON May 29, Republic Act (RA) 12214, or the Capital Markets Efficiency Promotion Act (Cmepa), was signed into law, amending certain provisions of the National Internal Revenue Code (“Tax Code”). It took effect on July 1. Cmepa was passed for the...

VAT refund under Create More

Written on June 26, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Rey Christian M. Guintibano on June 26,2025 IN our article published on June 19, 2025, we discussed the requirement under Republic Act 12066, or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (Create More), for export-oriented...

Create More’s VAT zero-rating on indirect exports

Written on June 19, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Euney Marie Mata-Perez on June 19,2025 ON June 10 and 11, I conducted a lecture series, courtesy of the Center of Global Best Practices, on the various implementing rules and regulations in Republic Act (RA) 12066, or Corporate Recovery and Tax Incentives for Enterprises to Maximize...

What is a collateral attack?

Written on June 12, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Donn Marie Isabelle M. Balina on June 12,2025 IT is a basic human reaction to take action against someone who wrongs you. This is the whole premise of filing complaints or petitions. Thus, actions to claim a form of relief from the courts are appropriately called “attacks.” There...