A Briefer on the Tax Amnesty Act (Republic Act No. 11213)

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The Tax Amnesty Act (Republic Act No. 11213), signed into law on 14 February 2019, provides for a one-time opportunity to settle estate tax obligations through an estate tax amnesty program that will give reasonable tax relief to estates with deficiency estate taxes. In other words, it provides a clean slate for taxpayers with existing estate tax delinquencies. Here is an introduction to the Tax Amnesty Act, in conjunction with Revenue Regulation No. 6-2019 issued by the Bureau of Internal Revenue (BIR). Continue reading →

Labor Advisory No. 5, series of 2019: Payment of Wages for the Regular Holidays on April 9, 18 and 19, 2019 and Special (Non-working) Day on April 20, 2019 (full text)

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LABOR ADVISORY 05

Series of 2019

Payment of Wages for the Regular Holidays on April 9, 18 and 19, 2019 and Special (Non-working) Day on April 20, 2019

Pursuant to Proclamation No. 555 issued by President Rodrigo Roa Duterte on August 15, 2018, the following rules for pay on regular holidays and special (non-working) days shall apply: Continue reading →

Proclamation No. 555 (full text): Declaring the Regular and Special National Holidays for 2019

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[On 15 August 2018, Malacanang issued Proclamation No. 555, declaring the regular holidays and special non-working days for 2019.]

MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

PROCLAMATION No. 555

DECLARING THE REGULAR HOLIDAY AND SPECIAL (NON-WORKING) DAYS FOR THE YEAR 2019

WHEREAS, Republic Act (RA) No. 9422 dated 24 July 2007 amended Section 26, Chapter 7, Book I of Executive Order (EO) No. 292, also known as the Administrative Code of 1987, by declaring certain days (specific or movable) as special or regular holidays; Continue reading →

Proposed Rules on Initial Coin Offerings (ICO) in the Philippines

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[The Securities and Exchange Commission (SEC) issued a notice, requesting for comments on the updated Proposed Rules on Initial Coin Offering (ICO). According to the SEC, ICOs will help raise capital and resources for small and local businesses start-ups or ventures, and provide alternative investment opportunity for the investing public. While the deadline for submission of comments has passed, we are reproducing the full text of the Proposed Rules on Initial Coin Offering for future reference.] Continue reading →

Summary on Recognition of Foreign Divorce Decree (Including a Divorce Decree Secured by the Filipino Spouse) in the Philippines

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“Is my divorce valid in the Philippines?” In reply to this common query, we usually point to the previous articles in this Forum or politely state that we can only give legal information, as legal advice is for clients only. However, given the changing jurisprudence on the matter, we find it helpful to summarize the evolution of the rules regarding the recognition of a foreign divorce decree in the Philippines. Continue reading →

Primer on the 105-Day Expanded Maternity Leave Law (Republic Act No. 11210)

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[On 20 February 2019, President Rodrigo R. Duterte signed the 105-Day Expanded Maternity Leave Law (Republic Act No. 11210, An Act Increasing the Maternity Leave Period to One Hundred Five [105] Days for Female Workers with an Option to Extend for an Additional Thirty [30] Days Without Pay, and Granting an Additional Fifteen [15] Days for Solo Mothers, and for Other Purposes). R.A. 111210 is a consolidation of Senate Bill No. 1305 and House Bill No. 4113.] Continue reading →