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What is the Madrid Protocol
What is the Madrid System The Madrid System is a centralized filing and management procedure. Through the Madrid System you can file one international application, in one language (English, French…
New General Information Sheet (GIS) Forms
New General Information Sheet (“GIS”) Forms Effective January 2017, the Electronic Records Management division (“ERMD”) of the Securities and Exchange Commission (“SEC”) shall only accept GIS filings that conform to…
The Doctrine of Corporate Opportunity
The Doctrine of Corporate Opportunity It is well-settled in law and jurisprudence that a director of a corporation holds a position of trust. As such, he owes a duty of…
Reportorial Requirements of Corporations with Primary License registered with the Securities and Exchange Commission (“SEC”)
Reportorial Requirements of Corporations with Primary License registered with the Securities and Exchange Commission (“SEC”) SEC-registered Corporations with primary licenses are mandated by law to…
Sending Notices to Stockholders and Members of the Board through E-mail
Sending Notices to Stockholders and Members of the Board through E-mail Section 50 of the Corporation Code requires that a notice of writing of the meeting be given to…
Deductible Expenses from the Gross Income
Deductible Expenses Under the National Internal Revenue Code of the Philippines, valid business expenses may be deductible from the gross income in order to legally reduce a taxpayer’s taxable…
Taxes on Corporate Income
Corporations, under the National Internal Revenue Code of the Philippines, are subject to income tax liabilities. Under the Law, domestic corporations are subject to tax on their worldwide income. On…
Effectivity of Corporate Mergers or Consolidations
Under the Corporation Code of the Philippines, two or more corporations may merge into a single corporation which shall be one of the constituent corporations or may consolidate into a…
Benefits of PEZA Registration in the Philippines
Foreign corporations in the Philippines may opt to register with the Philippine Economic Zone Authority or PEZA in order to avail benefits and incentives in the form of tax holidays…
Due Process Requirements in Employee Termination
The Constitution states that no person shall be deprived of life, liberty or property without due process of law. Employee Termination is no exception. Philippine Law states that one’s employment…
