By: Mark Anthony P. Tamayo on August 29, 2019 Under Republic Act 10963, or the Tax Reform for Acceleration and Inclusion Act (Train), the excise tax rates (which went up from last year’s rates) on diesel, bunker fuel and gasoline will further increase in 2020. A likely...

              By: Euney Marie J. Mata-Perez on August 22,2019 With the passage of Republic Act 11346, which increases the excise tax on tobacco products to P45 per pack by 2020 from the current P35, Congress is quickly working on the passage of the other bills comprising...

              By: Euney Marie J. Mata-Perez on August 15,2019 The news is replete with discussions on the refiling of the proposed bills for the other TRAIN Packages with the 18th Congress. However, there seems to be no discussion yet on any proposed amendment...

              By: Nica Marsha Gasapo on August 8,2019 The Securities and Exchange Commission (SEC) issued the Amended Guidelines and Procedures on the Use of Corporate and Partnership Names (Amended Guidelines) through SEC Memorandum Circular (MC) 13, Series...

              By: Euney Marie J. Mata-Perez on August 1, 2019 There is a specific rationale behind the imposition of value-added tax (VAT). VAT was not intended to be imposed on every transaction or transfer. Its imposition must bear some relevance to the taxpayer’s...

        By: Samantha L. Poblacion on July 25,2019 There have been several major developments in the virtual currency space since our article, entitled “Regulating the Virtual Currency Space”, which was published on July 8, 2018. In the said article, we mentioned that the Securities...

              By: Euney Marie J. Mata-Perez on July 18, 2019 Editor’s note: An earlier version of this article cited the wrong case number for Commissioner of Internal Revenue vs. Maersk Global Service Centres (Philippines), Ltd. The correct case number should be...

By: Aziza Hannah Bacay on July 11,2019 Our present government has been pushing to liberalize foreign ownership restrictions to drive growth. Among the sectors the government is looking at to liberalize is the retail trade. It is also looking at introducing amendment to the Public Service Act...

        By: Samantha L. Poblacion on July 5, 2019 In pursuit of its mandate to enact the implementing rules and regulations (IRR) of the Tax Amnesty Act (otherwise known as Republic Act 11213), the Bureau of Internal Revenue (BIR) released the IRRs for availment of amnesty on...