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By: Atty Gerardo Maximo Francisco on April 30,2020 “A probationary employee or probationer is one who is on trial for an employer, during which the latter determines whether or not the former is qualified for permanent employment. Indeed, the employer has the right, or is at liberty, to choose who...

Dear Valued Clients and Friends, We are sending to you a copy of Securities and Exchange Commission (SEC) Memorandum Circular No. 13, series of 2020 dated April 21, 2020. It provides for an extended deadline for submission of sustainability report (SR) for publicly listed companies (PLCs) whose fiscal year ends on...

Dear Valued Clients and Friends, We are sending to you a copy of Securities and Exchange Commission (SEC) Memorandum Circular No. 12, series of 2020, published on April 15, 2020. SEC MC No. 12 prescribes the following rules to be adopted by publicly-listed companies for sale of corporate assets: Sale...

Dear Valued Clients and Friends, We are sending to you a copy of Securities and Exchange Commission (SEC) Notice April 22, 2020. The SEC extended the filing of Integrated Annual Corporate Governance Report by publicly listed companies until July 30, 2020. Should you have questions on the above article, please...

By: Atty. Carence Navidad on April 23,2020 FILIPINOS’ “bayanihan spirit” is again on display amid the coronavirus disease 2019 (Covid-19) pandemic. Various sectors have been contributing financially, donating various medical equipment, supplies and food to several health facilities and frontline workers across the country. Republic Act 11469, or the “Bayanihan...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Customs (BOC) Customs Memorandum Order (CMO) No. 10-2020 dated April 8, 2020, entitled, “Summary Abandonment Proceedings during Enhanced Community Quarantine.” The abandonment proceedings for the refrigerated containers and dry vans is summarized as follows: Imported...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 44-2020 dated April 17, 2020, entitled, “Issuance of temporary electronic copies of VAT Certificates (VCs) and VAT Identification Cards (VICs) due to the continuing implementation of the...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 43-2020 dated April 17, 2020, entitled, “Prescribes the guidelines in the acceptance of payment of internal revenue taxes during the Enhanced Community Quarantine period”. During the Enhanced...

Dear Valued Clients and Friends, We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 42-2020 dated April 17, 2020. The BIR provided guidelines for the taxpayers who will be filing manually or will be using Offline eBIRForms Package or are enrolled...