September 2020 - Cruz Marcelo

Bureau of Internal Revenue Releases Guidelines for the Voluntary Assessment and Payment Program (VAPP) for Taxable Year 2018

The Bureau of Internal Revenue (“BIR”) recently issued Revenue Regulation No. (“RR”) 21-2020 prescribing the guidelines for availing of the Voluntary Assessment and Payment Program (“VAPP”) established by the BIR to fulfill the government’s funding requirements and reduce the number of audit investigations by encouraging voluntary tax compliance. RR 21-2020 provides that any person/entity

Supreme Court affirms that mining companies may expropriate lands [Agata Mining Ventures, Inc. v. Heirs of Alaan, G.R. No. 229413 (15 June 2020)]

The Supreme Court recently affirmed that qualified mining operators have the authority to exercise eminent domain. Consequently, mining companies may expropriate lands which are covered by their exploration permit. In Agata Mining Ventures, Inc. v. Heirs of Alaan, G.R. No. 229413 (15 June 2020), the Supreme Court ruled on whether a mining company, which

Patent Protection During The Pandemic

The COVID-19 pandemic has accelerated what is now clearly inevitable: the migration of traditional brick and mortar establishments into the digital realm. But as e-commerce becomes more pervasive, there is greater inducement for copycats to ride on the goodwill of established online platforms, products and brands. Moreover, as “necessity is the mother of invention,” the

Supreme Court rules on required evidence of non-resident foreign corporation status for tax purposes (CIR v. Deutsche Knowledge Services)

Under the National Internal Revenue Code (“NIRC”), services rendered “to a person engaged in business conducted outside the Philippines or to a non-resident person not engaged in business who is outside the Philippines when the services are performed” are zero-rated under Section 108(B)(2). In Commissioner of Internal Revenue v. Deutsche Knowledge Services Pte. Ltd. (“DKS”),

Supreme Court rules that no prior confirmatory ruling is required for tax exemption or refund (CIR v. Co, et al.)

The Supreme Court recently affirmed that no prior confirmatory ruling from the Bureau of Internal Revenue (“BIR”) is needed before a taxpayer can file a claim for tax exemption or refund. In Commissioner of Internal Revenue v. Lucio L. Co, et al., G.R. No. 241424 (26 February 2020), the respondents filed a claim for

Supreme Court rules in COA v. Pampilo that COA, BIR, and BOC have no power to examine the books of accounts of the oil companies in a charge of cartelization under RA No. 8479, or the Downstream Oil Industry Deregulation Act

In Commission on Audit v. Pampilo, G.R. No. 188760/G.R. No. 189060/G.R. No. 189333 (30 June 2020), the Supreme Court ruled that the books of accounts of Pilipinas Shell Petroleum Corporation, Caltex Philippines, Inc., and Petron Corporation may not be opened and examined by the Commission on Audit (“COA”), Bureau of Internal Revenue (“BIR”), and Bureau

Cruz Marcelo & Tenefrancia lawyers discuss Philippine Mining Laws and Regulations

Cruz Marcelo & Tenefrancia’s lawyers, Patricia A. O. Bunye and Alpheus D. Macalalad, share their insights on Philippine Mining Laws and Regulations and the latest developments in an article first published in ICLG – Mining Law. The article covers common issues in mining laws and regulations, including the acquisition of rights, ownership requirements, and restrictions,

Cruz Marcelo & Tenefrancia Cited in Asialaw Profiles and Leading Lawyers 2021

Cruz Marcelo & Tenefrancia was again cited by Asialaw Profiles and Leading Lawyers in its 2021 rankings affirming its consistently excellent legal service across its practice areas: OUTSTANDING Intellectual Property HIGHLY RECOMMENDED Dispute Resolution RECOMMENDED Energy Infrastructure Real Estate Construction Corporate and M&A Labour and Employment The following CMT lawyers were also recognized: Simeon V.

Cruz Marcelo & Tenefrancia and The Legal 500 host “The Shift to Digital: E-Commerce In The New Normal” webinar

Cruz Marcelo & Tenefrancia, in partnership with The Legal 500, hosted a webinar entitled “The Shift To Digital: E-Commerce In The New Normal” on 11 September 2020 focusing on how the COVID-19 pandemic has accelerated the shift to online commerce, significantly changing the business landscape. It was the third time Cruz Marcelo & Tenefrancia collaborated

Cruz Marcelo & Tenefrancia and The Legal 500 hosting webinar on The Shift To Digital: E-Commerce In The New Normal, 11 September 2020, 3pm

Lockdowns and social distancing have fundamentally altered the way many businesses interact with and sell to their customers. The profound social changes introduced in the wake of Covid-19 have seen record numbers of consumers shift to online retail, accelerating the trend toward digital transformation in a number of sectors. In this webinar, Cruz Marcelo & Tenefrancia,

IPOPHL issues rules and regulations on resale rights of artists

The Philippine Intellectual Property Office (“IPOPHL”) issued on 03 July 2020 Memorandum Circular (MC) No. 2020-023 implementing Section 200 of the Intellectual Property (IP) Code which allows artists rights to proceeds of subsequent transfers of their copyrighted works or “resale rights”. Section 200 of the IP Code mandates that “in every sale or lease of

SEC Further Extends Annual Reports Deadlines

The Securities and Exchange Commission (“SEC”) granted a further extension for corporations, regardless of their SEC registration of license numbers, to submit their annual financial statements (“AFS”) and General Information Sheet (“GIS”). However, for publicly listed companies, other issuers of registered securities, and public companies, they shall comply with SEC Memorandum Circular No. 5, Series of

Cruz Marcelo & Tenefrancia Cited In Asialaw Profiles and Leading Lawyers 2021

A client is "impressed with the team's ability to meet deadlines" and appreciates that it is "very responsive in communication."
The team provides excellent service, especially in that the lawyers have been offering workable solutions rather than just plain legal advice."

Chambers Asia Pacific

Cruz Marcelo

2020-04-20T07:09:09+00:00

Chambers Asia Pacific

A client is "impressed with the team's ability to meet deadlines" and appreciates that it is "very responsive in communication." The team provides excellent service, especially in that the lawyers have been offering workable solutions rather than just plain legal advice."

https://cruzmarcelo.com/testimonials/corporate-ma-department/

Versatile practice with core expertise in merger transactions and share-based acquisitions and dispositions. Areas of strength include public bidding and project structuring. Notable expertise in the formation of joint ventures. Regularly advises on ventures relating to infrastructure and property. Caters to an impressive roster of clients in the energy, natural resources and media industries, with experience representing clients in both the private and public sectors.

Chambers Global

Cruz Marcelo

2020-04-20T07:09:39+00:00

Chambers Global

https://cruzmarcelo.com/testimonials/corporate-ma-department-2/

Cruz Marcelo & Tenefrancia 'delivers in a timely manner and with reasonable rates'. The corporate team handles a varied mix of corporate, energy and infrastructure projects for its foreign and local clients, which include transport, agriculture, real estate, construction and energy companies. Among its recent highlights was the team's advice to Asian Terminals on the establishment of a PEZA Integrated Port Facility backed with service level agreements for provision of port terminal services; the firm assisted with the drafting of transaction documents and establishing the project company and its post-registration requirements. Aida Roxas-Rivera heads the corporate practice; Rosa Michelle Bagtas and associate Fernand Joseph Miranda are recommended.

Bureau of Internal Revenue Releases Guidelines for the Voluntary Assessment and Payment Program (VAPP) for Taxable Year 2018

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