Parental love is one of the strongest and most selfless forces in the world. Having experienced this love through my own parents, who have always been there to support and nurture me, I now find myself, as a parent, driven by the same desire to care for and protect my child. This influence extends to every decision I...
Last month, our firm gathered family business leaders from various generations to share insights and explore strategies for navigating today’s rapidly evolving landscape. Family businesses remain a cornerstone of the global economy; in the Philippines, over half of publicly listed companies are backed by family...
The electronic invoicing system was first introduced via an amendment to the National Internal Revenue Code (NIRC or Tax Code) through the TRAIN Law, effective January 2018, and further amended by the recently signed CREATE MORE. To implement the updated provisions on electronic invoices, electronic sales reporting and...
The Philippines is one of the first adopters of Build-Operate-Transfer (BOT) or Public-Private Partnership (PPP) schemes for infrastructure development in Asia. To date, there are 174 PPP projects in the government’s pipeline. In 2023, Republic Act No. 11966, or The PPP Code of the Philippines, was signed into law to...
I was browsing through the envelopes in my mailbox when I found an unsolicited letter that had been sitting there for some time. I wondered how the sender got my home address. It turned out to be a greeting from a city councilor. It did not look like the usual political ad, but the name and message of the sender...
Pursuing tax refunds in the Philippines can be complex, but the process rewards the meticulous. A recent ruling by the Court of Tax Appeals (CTA) sitting en banc underscores the intricate process involved in claiming tax refunds and highlights the importance of adhering to the stringent requirements set forth by the...
Filing a tax refund claim brings a sense of anticipation, as taxpayers aim to get back a portion of their hard-earned money. However, the process of obtaining a VAT refund in the Philippines is often one of the most challenging experiences taxpayers can go through. Considering the rigorous documentation requirements...
In November, Republic Act 12066 (otherwise known as CREATE MORE), which amended CREATE, was finally signed into law. The new law seeks to enhance the competitiveness of the Philippines’ incentive regime.
