By: Euney Marie J. Mata-Perez on February 20,2020 The Senate Ways and Means Committee released Committee Report 50 dated Feb. 17, 2020, endorsing Senate Bill (SB) 1357, in substitution of SBs 535, 595 and 702, taking into consideration House Bill (HB) 4157, the proposed Corporate Income Tax and Incentives […]
By: Euney Marie J. Mata-Perez on February 13,2020 The year 2020 started right for the viability of REITs or real estate investment trusts. The last of the major roadblocks for the creation of REITs has finally been removed, more than ten years after the passage of Republic Act (RA) […]
By: Euney Marie J. Mata-Perez on February 6,2020 In last week’s article, we discussed that, under our National Internal Revenue Code, as amended (Tax Code), and existing regulations, donations in excess of P250,000 in any taxable year shall be exempt from donor’s tax if they are made to the […]
By: Euney Marie J. Mata-Perez on January 30,2020 The recent Taal Volcano eruption spurred once again the generosity of the Filipino spirit. Many Filipinos participated in countless relief efforts in various capacities, whether as volunteers or donors. Thus, it is good once again to be reminded of the benefits […]
By: Mark Anthony P. Tamayo on January 23,2020 Last of a series In last week’s article, we completed the discussion on the 11 Incoterms® rules as they relate to cross-border commercial transactions. In this last series, we shall focus on the possible effects and consequences of the chosen Incoterm® rule by the seller and the buyer. […]