[Publications] MTF Articles
By: Gerardo Maximo Francisco on April 12, 2018 Many employees took time off work last Monday, April 9, to commemorate Araw ng Kagitingan (Day of Valor), a regular Philippine holiday. Many others, including those whose employers provide services to persons abroad, reported for work on the same day. For those…
By Euney Marie Mata-Perez on April 5, 2018 Value-added tax, or VAT, is not a singular-minded tax on every transactional level. Its assessment bears direct relevance to the taxpayer’s role or link in the production chain. Thus, its imposition is intimately related to the regularity and consistency of the conduct…
By Euney Marie Mata-Perez on March 29, 2018 The TRAIN, or the Tax Reform for Acceleration and Inclusion Law (Republic Act No. 10963), provided some relief or good news to us, taxpayers. It lowered the 20 percent deficiency and delinquency interests to double the legal interest for loans or forbearance…
By: Euney Marie J. Mata-Perez on March 22, 2018 Estate tax is one of the lowest performers in our tax system. Payable six months after death – now extended to one year under the Tax Reform for Acceleration and Inclusion (TRAIN) – the tax is often paid late. The lack…
by Atty. Mark Anthony Tamayo (Last of two parts) In last week’s article, we discussed briefly the link between transfer pricing (TP) and the customs valuation rules and the possible customs and tax implications of related party transactions. One of the conditions on the acceptability of a declared value (particularly…
by Atty. Mark Anthony Tamayo (First of two parts) Corporate taxpayers who source imported goods from related foreign suppliers should ensure that they do not only comply with transfer pricing (TP) rules but also with the rules pertaining to the valuation of imported goods for customs purposes. Both TP and…
by Atty. Mark Anthony Tamayo The Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC), both attached agencies of the Department of Finance (DOF), are the country’s main revenue collecting agencies. The government relies heavily on them to fund its various expenditures. Their yearly collection performances are influenced…
By Atty. Euney Mata-Perez Today is a good and exciting day for our law firm. Beginning today and every Thursday, we have the privilege (thank you, The Manila Times!) of being able to share and write here about our work and passion – the law. We love the law because…
MTF Partner and customs law expert, Atty. Mark Anthony P. Tamayo, was inducted as a new member of the Tax Management Association of the Philippines, during the TMAP induction and membership meeting held last January 25, 2017. BIR Commissioner Cesar R. Dulay was the guest speaker and inducting officer of…
The TRAIN or Tax Reform for Acceleration and Inclusion Law (Republic Act No. 10963) provided some relief to us, taxpayers. TRAIN amended Section 2491 of our Tax Code to prohibit expressly the simultaneous or overlap in the imposition of the 20% deficiency interest and 20% delinquency interest, and to clarify…
Mata-Perez Tamayo & Francisco (MTF Counsel) conducted a successful Tax and Customs Update Seminar on Monday, February 5, 2018, at the Shangri-La Makati. Atty. Euney Marie J. Mata-Perez, the Managing Partner of the firm, discussed the salient changes under the Tax Reform Acceleration and Inclusion (TRAIN) Act, while Atty. Mark…
The Tax Reform for Acceleration and Inclusion (TRAIN) Act, otherwise known as Republic Act (RA) 10963, is basically a blend of increases as well as reductions in tax rates. While it increased the tax on certain passive incomes, documentary stamp as well as excise on petroleum products, minerals, automobiles and…
We wish to advise you that the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular 105-2017, dated December 28, 2017, revising the withholding tax table on compensation pursuant to the Tax Code amendments introduced by Republic Act (RA) 10963, or the Train Law. Beginning January 1, 2018, every…
Happy new year! The BIR has issued Revenue Memorandum Circular No. 104-2017, dated December 28, 2017, circularizing the official copy of Republic Act No. 10963 (the Tax Reform for Acceleration and Inclusion or TRAIN Law), and the vetoed provisions thereof. See attached copy of the circular. You may click on…
The Firm’s managing partner, Atty. Euney Marie J. Mata-Perez, and new partner, Atty. Mark Anthony P. Tamayo, attended the International Tax Conference of the Asia-Oceana Tax Consultants’ Association, Inc. (AOTCA) held last October 19-20, 2017 at the Makati Shangri-la Hotel. Ms. Mata-Perez is the Deputy President of AOTCA, and the…
We are proud to announce that we are now Mata-Perez, Tamayo & Francisco (MTF), with the entry of our new Partner, Atty. Mark Anthony P. Tamayo. Mark is a CPA-lawyer and is one of the country’s leading experts in tax, global trade & customs. His expertise include, among others, customs…
MTF Counsel Managing Partner, Atty. Euney Marie J. Mata-Perez was a guest panelist at the “Tax Forum: A Dialogue on the Proposed Comprehensive Tax Reform” sponsored by the Ateneo Graduate School of Business held on May 17, 2017 at their Rockwell Center Campus, Makati. Other panelists included the Hon. Deputy…
Fairness is basic to a successful and equitable tax system. The proposed tax-reform bill seeks to address many of the inequities in our Tax Code. However, there is a basic inequity that is so oppressive to taxpayers which is not yet incorporated in any proposed bill… An article entitled “Punitive…
Posterity shot of members & guests who attended today's GMM of the Guild of Real Estate Entrepreneurs & Professionals (GREENPRO). Tax consultant, Atty. Euney Mata-Perez, was the resource person on the topic: "Tax Reforms in the Current Administration." #GMM #GuildofRealEstateEntrepreneurs&Professionals #GREENPRO
MPF Managing Partner, Ms. Euney Marie J. Mata-Perez, was elected as Deputy President of the prestigious Asia Oceania Tax Consultants’ Association, (AOTCA), during the recently concluded AOTCA International Tax Conference held from October 6 to 7, 2016 and hosted by the Taxation Institute of Hong Kong in Hong Kong.
Mata-Perez & Francisco (MPF) lawyers Roberto A. Baquiran and Jan Louenn L. Lumanta joined as lecturers and panelists on Basic Tax Issues Faced by Entrepreneurs at the seminar on “Business Taxation for Micro, Small, and Medium Enterprises (MSMEs),” sponsored by the Department of Trade and Industry. The seminar was held…
The Tax Management Association of the Philippines has submitted to the Department of Finance and the Bureau of Internal Revenue a list of revenue issuances which they are proposing for reversal. You may refer to the attached link for the complete list of these issuances. #tmap #taxmanagementassociation #revenueissuances #tmapwishlist #taxproposals…
BIR issued RMO 27-2016 (dated June 23, 2016) providing that the mandatory tax treaty relief application no longer applies to dividends, interest and royalties. The RMO stated that filing of tax treaty relief application still applies to all other types of income. The RMO, however, prescribed the new requirement of…
On June 1, 2016, Atty. Euney Marie Mata-Perez was interviewed in MORNINGS@ANC on the Department of Finance (DOF)’s latest tax reform proposals. The DOF has proposed to reduce the corporate and individual income tax rates and to exempt wage earnings below Php 1 million from income tax. However, the proposal…
Atty. Euney Marie Mata-Perez, the managing partner of the firm and the corporate secretary of Center for Strategic Reforms Philippines, Inc. (CSR Philippines), attended the signing of the Memorandum of Agreement (MOA) between CSR Philippines and Integrity Initiative. The MOA will further strengthen the partnership between Integrity Initiative and CSR…
Bobby is a CPA-Lawyer, who obtained his Master's Degree in International Tax at the Harvard University, and his law and accounting degrees at the San Beda College. He is an experienced tax practitioner, having been with the Bureau of Internal Revenue (BIR) for more than 23 years, where he rose…
Last June 4, 2014, the Firm celebrated its 1st anniversary, and the partners hosted a cocktail party at their new office in ACT Tower. The cocktail was preceded by a mass said by Fr. Manuel Montesclaros, SJ, and graced by the presence of Fr. Larry Tan, SBD. A total of…
Atty. Mata-Perez was ranked by Chambers and Partners as among the notable individual tax practitioners in the Philippines, and is described as one who "really knows tax law, and is a magnificent lawyer." #chambersandpartners #mataperez #notableindividualtaxpractitioner #ranked #phtaxpractitioner Source: Chambers and Partners
Last March 6, 2014, Atty. Euney Marie J. Mata-Perez conducted a lecture on Tax Updates in a seminar sponsored by the Financial Executives Institute of the Philippines held at the Dusit Thani Manila. BIR Deputy Commissioner Nelson Aspe was the other speaker who spoke on key operational matters and other…
New Firm CPA-lawyer Euney Mata-Perez, president of the Tax Management Association of the Philippines, has teamed up with colleague Gerardo “Gary” Francisco to establish a new law firm. The new legal hub Mata-Perez & Francisco, anchored on these partners’ 40 years of combined law practice, is envisioned to be a…