No. In Republic of the Philippines vs. Robiegie Corporation (G.R. No. 260261, October 3, 2022), the Supreme Court ("SC") held that a new LOA is needed if the Bureau of Internal Revenue...

No. In Republic of the Philippines vs. Robiegie Corporation (G.R. No. 260261, October 3, 2022), the Supreme Court ("SC") held that a new LOA is needed if the Bureau of Internal Revenue...

Yes. In Bureau of Internal Revenue vs. Samuel Cagang (G.R. No. 230104, March 16, 2022), the Supreme Court upheld the deficiency withholding tax assessment against a taxpayer,...

Only a small sliver of the Philippine population, less than 2%, avails itself of insurance. This is one of the lowest rates in Asia.

This is a bulletin on Securities and Exchange Commission Memorandum Circular No. 01, series of 2021, entitled "Guidelines in Preventing the Misuse of Corporations for Illicit Activities through Measures Designed to Promote ...

No. The Bureau of Internal Revenue's (BIR's) collection efforts are initiated by distraint, levy, or court proceeding and not upon issuance of a Final Decision on Disputed Assessment (FDDA).

The Energy Regulatory Commission (ERC) has revised its Rules of Practice and Procedure (Revised RPP) which govern the proceedings before the ERC through the issuance of ERC Resolution No. 01, Series of 2021.

SyCipLaw's Tax Department prepared a TIPS bulletin for the month of January.

On April 13, 2023, the Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 4, Series of 2023 ("MC 4-23") to adopt the ASEAN Sustainable and Responsible Fund Standards...

On 5 September 2022, and in line with its policy of enabling responsible innovation to promote the development of an inclusive digital financial ecosystem, the Bangko Sentral ng Pilipinas ("BSP") issued...

What are the new and simplified guidelines and procedures on the use of Computerized Accounting Systems, Computerized Books of Account, and/or its Components, including Electronic Storage System?

On June 9, 2023, the Monetary Board of the Bangko Sentral ng Pilipinas ("BSP") issued Circular No. 1174, amending the implementing regulations of the mandatory agricultural, fisheries...

On March 26, 2021, President Rodrigo R. Duterte signed the "Corporate Recovery and Tax Incentives for Enterprises Act" (Republic Act No. 11534, the CREATE Act) into law.

Is there an exception to the general rule that findings of fact of the Court of Tax Appeals (CTA) are regarded as final, binding, and conclusive upon the Supreme Court?

Republic Act No. 9285, or the Alternative Dispute Resolution Act of 2004 (ADR Act), is the legislation that applies to arbitration in the Philippines. In particular, it provides that (a) international...

On March 24, 2023, the Bangko Sentral ng Pilipinas ("BSP") issued Circular No. 1169 providing for the Rules of Procedure for the Consumer Assistance Mechanism, Mediation and Adjudication of Cases in the BSP.

On December 10, 2021, the President signed into law Republic Act (R.A.) No. 11635 amending Section 27(B) of the National Internal Revenue Code, as amended (Tax Code).

SyCipLaw's Tax Department has prepared an international edition of its Tax Issues and Practical Solutions (T.I.P.S.) for the third quarter of 2021.

SyCipLaw's Tax Department prepared a TIPS bulletin for the month of July.

This bulletin is on recent Philippine legal developments in data privacy, fintech and digital banks.