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By: Ramon Vaughn F. Dy III on June 2,2022 REPUBLIC Act (RA) 11765 or the “Financial Products and Services Consumer Protection Act,” which was signed by President Rodrigo Duterte last May 6, 2022, is another legislative milestone for the financial sector. To...

By Euney Marie Mata-Perez on May 26, 2022 THE 18th Congress resumed session this week and is expected to adjourn on June 3, 2022. While legislators are understandably busy with the canvassing of votes to enable them to proclaim the winners of the May 9 elections, it is still hoped that,...

By Aziza Hannah Bacay on May 18, 2022 UNDER our tax laws, an individual taxpayer may be classified as citizen or non-citizen (alien) and as resident or nonresident. Filipino taxpayers who reside in the Philippines are taxable on income earned within and outside the Philippines. Citizens...

By: Atty. Aziza Hannah Bacay on July 15,2021. In every tax assessment, due process requires that the Bureau of Internal Revenue (BIR) properly apprise the taxpayer of the nature of the tax liability, the amount due, and the law and basis for such assessment. To streamline due process...

By: Mark Anthony Tamayo on July 8,2021. All importers are mandated to exercise reasonable care in entering, classifying and determining the value of their imported goods not only for the purpose of expediting the release of their shipments from the custody of the Bureau of Customs (BoC), but more...