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Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 29 Dec 2020

SyCipLaw’s Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for December.

The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 33-2020 (RR No. 33-20) which extends the period for availment of the…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 29 Dec 2020

BSP Issues Guidelines on the Establishment of Digital Banks

The Bangko Sentral ng Pilipinas (BSP, the Central Bank of the Philippines) has issued Circular No. 1105, Series of 2020 (Digital Bank Circular) dated…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 1 Dec 2020

SyCipLaw’s Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for the month of November.

Under the VAPP, taxpayers may pay “all internal revenue taxes covering the taxable year ending December 31, 2018, and fiscal year 2018…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 6 Nov 2020

Email Address and Cellular Phone Number Requirement for Corporations, Partnerships, Associations, and Individuals under the Jurisdiction of the SEC

The Securities and Exchange Commission (SEC), under its Memorandum Circular No. 28-2020, is requiring all existing corporations, associations…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 30 Oct 2020

Syciplaw Tips Tax Issues and Practical Solutions- October 2020

Revenue Memorandum Circular No. 11-20202(RMC No. 110-2020) provides that the Revenue Officer authorized to examine the books…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 30 Oct 2020

Client Bulletin No. 36 (Updates on COVID-19 related PH Issuances): GCQ over Metro Manila Extended until November 30, 2020, IC and DOLE Guidelines

The period of General Community Quarantine (GCQ) in Metro Manila, which was effective until October 31, 2020,1 has been further…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 28 Oct 2020

Guidelines on the Implementation of the Hague Service Convention in the Philippines

This is an overview of Supreme Court Administrative Order No. 251-2020 (Guidelines on the Implementation in the Philippines of The Hague Service…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 23 Oct 2020

BSP Issues Rules on the Implementation of the One-Time 60-Day Grace Period on Loans

The Bangko Sentral ng Pilipinas (BSP, the Central Bank of the Philippines) has issued Memorandum No. M-2020-0741 (Implementing Rules and Regulations…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 9 Oct 2020

Philippine Legislation in the Pipeline: Can Local Authorities Regulate the “Internet”?

An increasing number of Filipinos are opting to do their transactions online, as well as turning to Internet-based content for entertainment. With…
Article

SyCip Salazar Hernandez & Gatmaitan | Philippines | 6 Oct 2020

PCC Issues Rules Implementing Section 4(eee) of Bayanihan 2 on the Transaction Value Threshold for the Exemption from Compulsory Notification

The Philippine Competition Commission (PCC) has issued the rules for the implementation of Section 4(eee) of Republic Act No. 11494, the "Bayanihan…
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