By Euney Marie Mata-Perez on August 24, 2023
THE amendments to the National Internal Revenue Code of 1997 (Tax Code), introduced by Republic Act (RA) 11534 (Create) and by RA 10963, or the “Tax Reform for Acceleration and Inclusion” (Train), particularly on the imposition of value-added...
By: Atty. Euney Marie Mata-Perez on August 17,2023
IMPROVING board diversity is increasingly seen as contributing to good corporate governance, and its promotion has attracted good governance advocates as well as regulators. There had been studies that suggested that corporate boards structured...
By Euney Marie Mata-Perez on August 3,2023.
I WAS invited by the Tax Accountancy Association Union of Chinese Taipei (Taauct) to speak during its Corporate Integrity and Sustainable Development Asia Regional Seminar recently held in Taiwan. Deputy ministers from the Ministry of Finance and Ministry...
By Stefan Miguel Raymundo Del Rosario on July 13, 2023
THE Bureau of Internal Revenue (BIR), pursuant to its powers to collect taxes, is empowered to institute criminal prosecution cases, including tax evasion cases, against erring taxpayers for criminal violations under the National Internal...
By Euney Marie Mata-Perez on July 6,2023
SECTION 2 of Republic Act 8799, or the “Philippines’ Securities Regulation Code,” declares that the State shall establish a socially conscious, free market that regulates itself, encourage the widest participation of ownership in enterprises,...
By Nica Marsha Gasapo on June 22,2023
THE board of directors of a corporation is the seat of corporate power. Under the law, the board is clothed with authority to exercise the corporate powers, conduct all business and control all properties of the corporation. The election of the members of...
By Euney Marie Mata-Perez on June 15,2023
THE outstanding capital stock of a corporation shall constitute a trust fund held by the corporation for the benefit of its creditors. It shall not be returned to the stockholders by repurchase of shares, except in the manner as provided for under...
By Euney Marie Mata-Perez on June 8,2023
THE structure of a company’s ownership and control greatly influences its corporate governance. Thus, the success of a company’s corporate governance is also determined by its permitted shareholding structure.
A question that should then...
By: Atty. Jan Ethan Gordola on May 11,2023
IN the recent decision of Bases Conversion and Development Authority and John Hay Management Corp. v City Government of Baguio City (BCDA v Baguio Case, GR 192694. Feb. 22, 2023), the Supreme Court stated that “[t]he payment of fees for the issuance...