Archive for the 'Tax and Estate Law' Category

Primer on the Tax Amnesty Act of 2007 (RA 9480)

Published by Atty. Fred April 17th, 2008 in Corporate and Investments, Obiter/News and Tax and Estate Law. 0 Comments

What is Republic Act No. 9480?
It is a law, referred to as the “Tax Amnesty Act of 2007,” passed by Congress granting amnesty to all unpaid internal revenue taxes imposed by the national government for the taxable year 2005 and prior years.
Until when can taxpayers avail of the benefits of this law?
The last day to [...]

Last Will and Testament: Basic Discussion

Published by Atty. Fred January 26th, 2008 in Family and Property Law and Tax and Estate Law. 0 Comments

The settlement of a person’s estate after his/her death, based on our experience, is potentially one of the more bitter litigations. It’s never good to see relatives fighting each other. Some persons, with the intent of controlling the disposition of his/her properties after his/her death (and hopefully prevent fighting among his/her heirs over the properties [...]

Withdrawal of exemptions to pay local taxes: The TELCO cases

Published by Atty. Fred March 19th, 2007 in Digests and Tax and Estate Law. 0 Comments

SC newsflash: SC Holds DIGITEL Accountable to Pangasinan for Local Taxes. The Supreme Court recently found Digital Telecommunications Philippines, Inc. (DIGITEL) liable to the Province of Pangasinan for the payment of provincial franchise and real property taxes. The SC affirmed the ruling of the lower court that the tax exemption in Republic Act (”R.A.”) [...]

Basic concepts in estate proceedings and estate tax

Published by Atty. Fred September 19th, 2006 in Family and Property Law, Special Projects and Tax and Estate Law. 11 Comments

Among the inescapable facts in life, something which everyone shares regardless of status, race, sex or creed, is death. A person may leave properties (or liabilities) upon death, so a discussion on the basic concepts on estate proceedings is in order.
Inheritance - Inheritance includes all the property, rights and obligations of a person which are [...]

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