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News and Updates

Doctrine of Hierarchy of Courts

Written on March 23, 2023. Posted in MTF Articles, News, News and Updates.

By Xela Leona Laqui on March 23,2023 THE Doctrine of Hierarchy of Courts (or the Principle of Judicial Hierarchy) provides that when here, courts have concurrent or shared jurisdiction over the subject matter of a case, a litigant is not free to file a complaint or petition in any court...

Income realization principle

Written on March 9, 2023. Posted in MTF Articles, News, News and Updates.

By Gladys Jane Dela Cruz on March 9,2023 FOR income taxes to be due, there must be a realized income. Thus, it is critical to determine what is income and when it is realized for tax purposes. Income is the inflow of wealth. As early as 1922, the Supreme Court defined income as the gain...

ATA Carnet system in the Philippines

Written on February 23, 2023. Posted in MTF Articles, News, News and Updates.

By Aziza Hannah Bacay February 23, 2023 As a general rule, importations in the Philippines are subject to duties and taxes. There are instances, however, where the law permits relief from the payment of duties and taxes subject to certain conditions. One of the exceptions involves the “temporary...

Written on February 16, 2023. Posted in News, News and Updates.

The Financial Executives Institute of the Philippines, Inc. (FINEX) shall hold its 2nd GMM on February 22, 2023 (Wednesday) from 11:30 AM to 2:00 PM at New World Hotel Makati. The speakers are the Hon. Romeo D. Lumagui, Jr., Commissioner of the Bureau of Internal Revenue and Hon. Ma. Cynthia...

MTF Tax Journal December 2022

Written on January 7, 2023. Posted in News, News and Updates.

We are happy to be sending to you a copy of our new Tax Journal which highlights significant BIR issuances, Court Decisions, and other relevant issuances from other government agencies. Should you have questions on the above article, please do not hesitate to let us know or email us at info@mtfcounsel.com. Thank...

A New Dawn for Foreign Investment

Written on May 23, 2022. Posted in News, News and Updates.

FINEXPhils through its Tax and Legal Committee presents a webinar titled “A New Dawn for Foreign Investment” on May 24 (Tues) at 2PM. This webinar will discuss the amendments to the Public Service Act, Foreign Investment Act, other relevant laws, and its impact on foreign investors...

Basics and More… Income Tax Filing and SEC Online Filing To Do’s

Written on March 8, 2022. Posted in News, News and Updates, Uncategorized.

Be reminded of your To Do list for the BIR and SEC filings. Catch the latest on these from our resource speakers Mr. Richard Ibarra, Tax Advisory and Compliance Director of P&A Grant Thornton and Atty. Maritess Sy, Partner at Castillo Laman Tan Pantaleon And San Jose Law Firm on March 24...

MTF MANAGING PARTNER RE-ELECTED AS FINEX EXECUTIVE VICE-PRESIDENT AND CORPORATE SECRETARY

Written on January 26, 2022. Posted in News, News and Updates.

Atty. Euney Marie J. Mata-Perez, the firm’s founder and Managing Partner, was re-elected as the Executive Vice-President (EVP) and Corporate Secretary of the Financial Executives Institute of the Philippines (FINEX) at the 2022 Induction Ceremonies and Inaugural Meeting held on January 18, 2022. This...

MTF Updates – DOLE – Labor Advisory No. 13

Written on April 13, 2020. Posted in News and Updates, RESOURCES.

Dear Valued Clients and Friends, We are sending to you a copy of the Department of Labor and Employment (DOLE) Labor Advisory No. 13 issued on March 30, 2020 on the payment of wages for the regular holidays on April 9 and 10, 2020 and April 11, 2020. The DOLE provides for the following rules for pay...