Legal Updates

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 … Philippines- An Overview of VAT on Digital Services Read More »

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 … GVES Law Honored as Rising Law Firm of the Year at the 2024 ALB Philippine Law Awards Read More »

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 … EOPT introduces shifts from Official Receipts to Invoices Read More »

Gves Law through one of its Partners specializing in real estate, Atty. Ludanielle N. Legarde, conducted a short seminar for one of its retainers, one of the country’s top real estate brokerage company. The purpose of the seminar was to arm real estate brokers with additional legal know how to close deals faster and to … GVES LAW Conducts Brief Real Estate Seminar To REBs Read More »

The first step to knowing the tax implications of a sale of a real property is to determine whether the real property is a capital asset or an ordinary asset. Ordinary assets are either (1) Stock in trade of a taxpayer or other real property of a kind which would properly be included in the … Tax Implications of Sale of Real Property in the Philippines Read More »

GVES Law is pleased to announce the admission of Atty. Ludanielle Legarde as a partner effective January 2024. This significant milestone reflects the Firm’s commitment to continuous growth and success as it redefines quality legal services. Atty. Legarde brings a wealth of experience and expertise to our firm, with focus on construction and real estate, … GVES LAW Announces the Admission of Atty. Ludanielle Legarde as Partner Read More »