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News and Updates

DIRECTORS’ DUTIES ON CLIMATE CHANGE

Written on September 14, 2023. Posted in MTF Articles, News.

By: Atty. Euney Marie Mata-Perez on September 14,2023 I was just inducted as a member of NOWCD, the NextGen Organization of Women Corporate Directors, the Philippine chapter of Women Corporate Directors International. Incorporated on September 24, 2021, NOWCD seeks to bring together...

Safeguards of the Maharlika Investment Fund

Written on September 7, 2023. Posted in MTF Articles, News.

By Euney Marie Mata-Perez on September 7,2023 Republic Act (RA) No. 11954 established the Maharlika Investment Fund (MIF) to strengthen the investment activities of the country’s top-performing government financial institutions and promote economic growth and social development. It...

Interested in being part of a team that is consistently growing and passionate about empowering employees? Come join us!

Written on August 29, 2023. Posted in News, News and Updates.

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The need to review the rules on VAT zero rating

Written on August 24, 2023. Posted in MTF Articles, News, News and Updates.

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...

Improving board diversity in the Philippines

Written on August 17, 2023. Posted in MTF Articles, News, News and Updates.

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...

MTF Updates – SEC MC No. 9-2023

Written on July 26, 2023. Posted in News.

Dear valued clients and friends, We are sending to you a copy of Securities and Exchange Commission Memorandum Circular (“SEC MC”) No. 9-2023 which further extends the deadline for amnesty application under SEC MC Nos. 2 and 6 until September 30, 2023. SEC MC No. 9 retained the prescribed amnesty...

The difficulty in proving tax evasion beyond a reasonable doubt

Written on July 13, 2023. Posted in MTF Articles, News.

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...

Call for SEC to pass the Draft Cross-Shareholding Regulations

Written on July 6, 2023. Posted in MTF Articles, News.

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,...

Election of directors and the holdover principle

Written on June 22, 2023. Posted in MTF Articles, News.

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...