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

Uncategorized, Compliance, Corporate, Legal Updates / By

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

Legal Updates, Compliance, Corporate, TAX EXEMPTION, TAXATION / By

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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Philippines- An Overview of VAT on Digital Services

Legal Updates, Compliance, Corporate, Technology, Uncategorized / By

Revenue Regulations No. 3-2025 (RR No. 3-2025), issued by the Bureau of Internal Revenue (BIR) on January 16, 2025, provides the implementing rules and guidelines for Republic Act No. 12023, also known as the “VAT on Digital Services Act.”  This regulation operationalizes the imposition of a 12% Value-Added Tax (VAT) on digital services in the …

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GVES Law Honored as Rising Law Firm of the Year at the 2024 ALB Philippine Law Awards

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The Godinez Villanueva Espiritu & Soliman (GVES) Law proudly announces its recognition as the Rising Law Firm of the Year at the 2024 Asian Legal Business (ALB) Philippine Law Awards. This award builds on the firm’s success in 2023 when it also won the Rising Law Firm of the Year, underscoring its commitment to excellence …

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EOPT introduces shifts from Official Receipts to Invoices

Announcements, Legal Updates / By

By: Atty. Ludanielle N. Legarde The term “Official Receipt” as commonly used in the Philippine has forever changed as we know it. Due to the Ease of Paying Taxes (EOPT) Act, R.A. No. 11976 (2023), the Bureau of Internal Revenue (BIR) issued BIR Revenue Regulations No. 7-2024 (April 11, 2024) to implement the amendments on …

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Microsoft: Empowering the Digital World

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Microsoft is a global technology company known for shaping the modern digital experience. From its iconic Windows operating system to the versatile Microsoft Office suite, the company has provided tools that support both personal productivity and enterprise innovation. Visit the official website at microsoft.com to explore its offerings. Microsoft has also become a major player …

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