By: Atty. Cara Angela N. Flores on October 12,2023
Under Section 30(E) of the Tax Code, nonstock corporation or association organized and operated exclusively for religious, charitable, scientific, athletic, or cultural purposes, or for the rehabilitation of veterans are exempt from income tax...
By: Atty. Euney Marie J. Mata-Perez on October 5,2023.
Recently, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 11-2023 (the “Regulation”) dated September 14, 2023, which prescribes the use of electronic mail (e-mail) and electronic signature as additional mode of service...
By: Atty. Xela Leona D. Laqui on September 21,2023
Republic Act (RA) No. 11956 was passed amending RA No. 11213, the Estate Tax Amnesty Act, to extend the period to avail the estate amnesty tax for another two years or until June 14, 2025. Significantly, it also expanded the coverage of the...
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...
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...
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...
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...
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...