BIR ISSUES GUIDELINES ON THE REGISTRATION OF BRICK-AND-MORTAR STORES AND ONLINE BUSINESSES
Eric T. DykimchingThe Bureau of Internal Revenue (“BIR”) recently issued Revenue Regulations (“RR”) No. 15-2024 (“RR 15-2024”) to prescribe the guidelines on the registration of brick-and-mortar stores and online stores…
Read MoreBSP AMENDS FOREIGN EXCHANGE GUIDELINES; SETS MAXIMUM MONETARY PENALTY TO PHP1,000,000.00
Fernand Joseph D. Miranda l John Mark D. Cariño The Bangko Sentral ng Pilipinas (“BSP”), through Monetary Board (“MB”) Resolution No. 764 dated 04 July 2024, has approved amendments to the…
Read MoreDOE ESTABLISHES THE CENTER FOR AFFILIATED RENEWABLE ENERGY AND ENERGY EFFICIENCY AND CONSERVATION
Patricia A. O. Bunye | Bianca Marie J. Angela M. Rañola On 21 June 2024, the Department of Energy (“DOE”) issued Department Circular No. DC2024-06-0020 (“Circular”) on the Establishment of the…
Read MoreCruz Marcelo & Tenefrancia contributes Trends & Developments section of the 2024 Chambers and Partners Global Practice Guide for Doing Business in the Philippines
Cruz Marcelo & Tenefrancia has contributed the Trends & Developments section of the 2024 Chambers and Partners Global Practice Guide for Doing Business in the Philippines. The firm's analysis offers…
Read MoreIPOPHL MANDATES THE UPFRONT PAYMENT OF ISSUANCE AND PUBLICATION FEES IN THE REQUEST FOR RENEWAL OF TRADEMARKS
Martina Marlin S. MarteIn line with its efforts to streamline work processes and automate business-related transactions, the Intellectual Property Office of the Philippines (“IPOPHL”) issued Memorandum Circular No. 2024-023, which…
Read MoreCAB Adopts Guidelines Implementing the Public Service Act
Fernand Joseph D. Miranda | John Mark D. Cariño To further encourage private enterprise, liberalize foreign equity restrictions, and expand the base of investments in the Philippines, the Civil Aeronautics Board…
Read MoreSEC MANDATES PUBLICLY LISTED COMPANIES TO TIMELY POST THE MINUTES OF STOCKHOLDERS’ MEETINGS ON THEIR WEBSITE
Patricia A. O. Bunye | Eric T. Dykimching | Juan Paulo M. Santos The Securities and Exchange Commission (“SEC”) issued SEC Memorandum Circular No. 11, series of 2024 (“MC 11-24”) on…
Read MoreDOE bats for nuclear energy in Philippine Energy Plan 2023-2050
Liam Calvin Joshua C. Lu The Department of Energy (DOE) has released its Philippine Energy Plan (“PEP”) for 2023 to 2050, articulating its ambitious Philippine Nuclear Energy Program (the “Program”). The…
Read MoreModernizing and Standardizing the Valuation of Real Property in the Philippines: The Real Property Valuation and Assessment Reform Act
Patricia A. O. Bunye | Jennifer Marie G. Castro | Samantha Joie G. Tamayo Republic Act No. 12001, otherwise known as the Real Property Valuation and Assessment Reform Act (“RPVARA”), was…
Read MoreNo More Expiration Date for electronic Certificate Authorizing Registration
Eric T. DykimchingThe Department of Finance recently signed Revenue Regulations No. 12-2024 (“RR 12-2024”) removing the expiration date of electronic Certificate Authorizing Registration (“eCAR”) issued for the transfer of real…
Read More