By: Atty. Euney Marie J. Mata-Perez on January 11,2024
The Philippine tax scene is abuzz again with the passage of Republic Act No. 11976, or the Ease of Paying Taxes (EOPT) Act on January 5, 2024. The main objective of the Act is to provide a healthy environment for the taxpaying public,...
By: Atty. Euney Marie J. Mata-Perez on January 4,2024
Happy new year everyone! Time flies so fast, and we are now in 2024. It has been four years that our law firm, Mata-Perez, Tamayo & Francisco has been contributing weekly to this column, More to Follow Column of The Manila Times. ...
By: Atty. Nica Marsha Gasapo on December 21,2023
As the curtains fall on another trip around the sun, it is important to dissect the events that unfolded in the past months. The conclusion of the year is not merely a time for reflective musings; it also a strategic and opportune moment to plan...
By: Atty. Mark Anthony Tamayo on December 15,2023.
Correctly classifying imported goods is crucial for international trade. It influences trade statistics, regulations, and the determination of duty rates. The Harmonized System (HS), a globally adopted framework developed by the World Customs...
By: Euney Marie J. Mata-Perez on November 30,2023
There is a big difference between protesting an assessment and claiming for refund of erroneously paid local business taxes (LBT). The remedies for each action are sets out in separate sections of the Local Government Code of 1991 (LGC).
Under...
By Stefan Miguel Raymundo Del Rosario on November 23,2023
Republic Act No. 11576 (RA 11576) was enacted 2021, amending Batas Pambansa Blg. 129 or the Judiciary Reorganization Act of 1980 (BP 129), by revising and increasing the jurisdiction thresholds of the Regional Trial Court (“RTC”) and First-Level...
By: Atty. Lew Earvin H. Manarin on November 16,2023
In line with the Supreme Court’s drive to decongest the dockets of lower courts and to promote efficiency in an increasingly digitalized legal system, it issued the “Guidelines on Submission of Electronic Copies of Pleadings and other Court Submissions...
By: Atty. Keanu P. Castañeda on November 9,2023
Tax exemption and tax amnesty are two important concepts in Philippine taxation law, but they are often confused. It is important to understand the difference between the two.
Tax Exemption is the condonation of a tax liability conferred upon...