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SEC Rolls Out ZERO: A Fully Digital, Paperless Registration System

The SEC is taking additional steps toward going paperless. Under new SEC Memorandum Circular No. 3, 2005, all domestic stock corporations—excluding lending and financing companies—are now mandated to register through the SEC’s new fully online, paperless company registration systems. ZERO stands for Zuper Easy Registration Online, a digital platform that lets users register their companies …

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Supreme Court Affirms: Foreign Currency Deposits Exempt from Estate Tax

Tax exemptions, being in derogation of the State’s inherent power to tax, are strictly construed against the taxpayer. Thus, when one is upheld, it is not merely a legal triumph — it is a cause for celebration. In G.R. No. 262092 (October 9, 2024), the Supreme Court ruled that a foreign currency deposit — specifically an HSBC …

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