Recent Legal Updates

SEC Memorandum Circular No. 9 s. 2015
Final Extension of Amendment of the Principal Office Address

Mining revenue scheme filed in House
A NEW revenue sharing scheme the mining industry has been anticipating for more than two years now has finally entered the legislative mill, with the bill endorsed by Malacañang itself filed in the House of Representatives.

SEC Advisory
Confidentiality of SEC Investigations

DOLE Department Order No. 40H-13
Amending Rule XXII of the Implementing Rules of Book V of the Labor Code of the Philippines

Revenue Regulations No. 15-2013
Revenue Regulations Implementing Republic Act No. 10378 entitled “An Act Recognizing the Principle of Reciprocity as Basis for the Grant of Income Tax Exemptions to International Carriers and Rationalizing other Taxes Imposed thereon by Amending Sections 28(A)(3)(A), 109, 118 And 236 of the National Internal Revenue Code (NIRC), as amended, and for other Purposes.”

Revenue Regulations No. 14-2013
Amending Pertinent Provisions of Revenue Regulations No. 02-98, as Last Amended by Revenue Regulations No. 30-2003 and Revenue Regulations No. 17-2003

Revenue Regulations No. 13-2013

Amending Section 2 (b) of Revenue Regulations No.13-08, Relative to the Definition of Raw Sugar for Value Added Tax Purposes

A.M. No. 12-12-11-SC
Financial Rehabilitation Rules of Procedure (2013)

Executive Order No. 138 s 2013
Adopting The Comprehensive Program Framework For Children In Armed Conflict, Strengthening The Council For The Welfare Of Children (Cwc) And For Other Purposes

Revenue Memorandum Order No. 21-2013
Amending the Provisions of Revenue Memorandum Order (RMO) No. 35-2002, as Amended by RMO No. 20-2006 Prescribing the Guidelines and Procedures in the Processing and Issuance of Authority To Release Imported Goods (ATRIG) for Excise Tax Purposes

Revenue Memorandum Order No. 20-2013
Prescribing the Policies and Guidelines in the Issuance of Tax Exemption Rulings to Qualified Non-Stock, Non-Profit Corporations and Associations Under Section 30 of the National Internal Revenue Code of 1997, As Amended

Revenue Memorandum Order No. 19-2013
Amendments Certain Provisions of Revenue Memorandum Order No. 45-2011, Prescribing the Gudelines and Procedures in the conduct of Pre-Repair Inspection and Inspection and Acceptance of deliveries of Goods and Services in the Bureau of Internal Revenue

Revenue Memorandum Order No. 18-2013
Amendments to RMO No. 7-2013 on the Manner and Procedures in the Issuance of CARs and TCLs for Transactions or Transfers within the Area of Jurisdiction of Revenue District No. 6

Revenue Memorandum Order No. 17-2013
Creation, Modification and Dropping of Alphanumeric Tax Code (ATC) on Excise Tax Pursuant to Republic Act No. 10351,”An Act Restructuring the Excise Tax on Alcohol and Tobacco Products” as Implemented by Revenue Regulations No. 17-2012

BSP Circular No. 799 s. 2013
Rate Of Interest In The Absence Of Stipulation

BIR Revenue Memorandum Order No. 20 s 2013
Amending Section 2.58.5 of Revenue Regulations No. 2-98, as amended, Relative to the Requirements for Deductibility of Certain Income Payments

Republic Act No.: 10572
An Act Establishing The Liability Of the Absolute Community Or Conjugal Partnership For An Obligation Of A Spouse Who Practices A Profession And The Capability Of Either Spouse To Dispose Of An Exclusive Property Without The Consent Of The Other Spouse, Amending For The Purpose Articles 73 And 111 Of Executive Order No. 209, Also Known As The Family Code Of The Philippines

Republic Act No.: 105921
An act amending articles 29, 94, 98 and 99 of Act No. 3815 as amended, otherwise known as the revised penal code

Republic Act No.: 10591
Comprehensive Firearms and Ammunition Regulation Act

Republic Act No.: 10378
An act recognizing the principle of reciprocity as basis for the grant of income tax exemptions to international carriers and rationalizing other taxes imposed thereon by amending sections 28(A)(3)(a), 109, 118 and 236 of the National Internal Revenue code (NIRC), as amended, and for other purposes