best law firms in the philippines | law firms in makati

best lawyers in the philippines

tax lawyer philippines

labor lawyer philippines

immigration attorney philippines

corporate attorney

legal services philippines

special power of attorney philippines

News and Updates

When do royalties become ordinary income?

Written on May 1, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Euney Marie Mata-Perez on May 1,2025 ROYALTIES are generally considered passive income. Thus, royalties earned by an individual citizen or domestic corporation are generally subject to a 20-percent final withholding tax. The rate is reduced to 10 percent if it is earned on books, literary...

Situs of local franchise tax

Written on April 24, 2025. Posted in MTF Articles, News, News and Updates.

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...

How the Philippines can navigate global trade wars

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

By: Atty. Mark Anthony P. Tamayo on April 17,2025. TARIFF, in general, is a government-imposed tax on imported goods and, in some cases, on services. Its primary function is to hollowly increase the price of foreign products, subtly influencing consumer preferences toward domestic substitutes....

A key to strong corporate governance

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

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...

The secrecy of bank deposits in the context of taxation

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

By: Atty. Lew Earvin Manarin on March 3,2025 The Secrecy of Bank Deposits Act (Republic Act No. 1405), often referred to as the Bank Secrecy Act, protects the confidentiality of bank deposit information, ensuring individuals and businesses can conduct transactions without fear of unauthorized...

Data privacy and the right to inspect corporate records

Written on March 27, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Elaisha Nelle C. Espinosa on March 27,2025 DATA privacy is a key pillar of corporate governance. As companies store personal data in their business activities, harmonizing corporate and data privacy laws becomes more important not only to ensure proper compliance, but also to build trust...

Differentiating ‘digital goods’ and ‘digital services’ for VAT purposes

Written on March 21, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Euney Marie J. Mata-Perez on March 20, 2025 THE Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 3-2025, prescribing policies and guidelines for the implementation of Republic Act (RA) 12023, the law which imposes value-added tax (VAT) on digital services by amending...

Scope, limitations of BIR mission orders

Written on March 13, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Rey Christian Guintibano on March 13,2025 In our article published on January 23, 2025, we discussed the Bureau of Internal Revenue’s (BIR) Tax Compliance Verification Drive (TCVD), commonly known as tax mapping. One key requirement for Revenue Officers (ROs) to be able to conduct tax...

The need for gender equality in corporate boards

Written on March 6, 2025. Posted in MTF Articles, News, News and Updates.

By: Atty. Euney Marie Mata Perez on March 6,2025 SINCE March is Women’s Month, it’s timely to talk about gender equality and women representation in corporate boards. Gender equality is one of the sustainability goals of the United Nations. Ending all discrimination against women...