best law firms in the philippines | law firms in makati

By: Atty. Xela Leona D. Laqui on June 20,2024 In the recent case Integrated Bar of the Philippines v. Purisima, (G.R. Nos. 211772 and 212178, April 18, 2023) (the “IBP Case”), the Supreme Court invalidated portions of Sections 2(1) and 2(2) of Bureau of Internal Revenue (“BIR”) Revenue Regulations (“RR”)...

By: Atty. Euney Marie J. Mata-Perez on June 13,2024 Our Securities and Exchange Commission (SEC) is now open to developing the financial technology (“Fintech”) industry and adopting the latest innovations in this industry in the Philippines.  In April of this year, the SEC, through its newly established PhiliFintech Innovation Office...

By: Atty. Euney Marie J. Mata-Perez on June 6,2024 We are doubly blessed, as we celebrated our firm’s 11th anniversary yesterday, June 4, 2024.  Eleven is double one—as what Fr. Pat Villasanta of the Salesian Order said, double one means double blessings, as the number 1 represents God. My partner,...

By: Atty. Euney Marie J. Mata-Perez on May 23,2024 Our government is poised to expand its wings, to take advantage of the global growth of the digital economy. The Senate approved on third reading Senate Bill (SB) No. 2528, a bill proposing to impose the 12% value-added tax (VAT) on...

By: Atty. Rio Krisel G. Bautista on May 16,2024 Section 249 of the National Internal Revenue Code, as amended (the “Tax Code”), provides for deficiency interest and delinquency interest, which may be assessed and collected on any unpaid amount of tax. Deficiency interest is assessed and collected from the date...

By: Atty. Raida Argeli Grefiel on May 2,2024 The National Internal Revenue Code, as amended, (the “Tax Code”) authorizes the Commissioner of Internal Revenue (“CIR”) or his duly authorized representative to conduct audits, in light of the power of the Bureau of Internal Revenue (“BIR”) to assess and collect taxes....

By: Atty. Cara Angela N. Flores on April 25,2024 Section 203 of the National Internal Revenue Code, as amended (the “Tax Code”), entitled “Period of Limitation Upon Assessment and Collection”, provides that taxes shall be assessed within three (3) years after the last day prescribed by law for the filing...

By: Atty. Xela Leona D. Laqui on April 18,2024 Under Section 222 of the National Internal Revenue Code, as amended (“Tax Code”), the ten-year prescriptive period for the Commissioner of Internal Revenue (CIR) to assess tax applies in cases where a taxpayer files a false or fraudulent return with intent...

MTF had the opportunity to discuss updates and the emerging issues on tax and customs with the members of the Pharmaceutical and Healthcare Association of the Philippines, Inc. (“PHAP”) on April 12, 2024. For the tax brief, Atty. Euney Marie J. Mata-Perez lectured on the salient features of Republic Act...