News & Articles

Rules on Crowdfunding

Posted by Jack Advincula | Sep 23, 2019 | 0 Comments

On 08 July 2019, the Securities and Exchange Commission SEC issued Memorandum Circular 14-2019 or the “Rules and Regulations Governing Crowdfunding”. The following is the summary of the salient provisions of the said circular: Coverage.The rules shall primarily govern the operation and use of...

No DST on Sale of Real Property within PEZA ECOZONE

Posted by Jack Advincula | Sep 23, 2019 | 0 Comments

In Revenue Memorandum Circular (RMC) No. 60-2019, the Bureau of Internal Revenue (BIR) clarified that documentary stamp tax (DST) shall not be imposed in case of a transfer of a real property by an Ecozone Developer/Operator duly registered under PEZA to another PEZA entity, provided that such sa...

Automatic Extension of Corporate Term

Posted by Jack Advincula | Sep 23, 2019 | 0 Comments

In its SEC-OGC Opinion No. 19-28, the Securities and Exchange Commission clarified the import of Section 11 of the Revised Corporation Code concerning the extension of corporate term to perpetual existence, which provides, to wit: “SEC. 11. Corporate Term. – A corporation shall have perpetual ex...

Who Are Top Withholding Agents

Posted by Jack Advincula | Sep 23, 2019 | 0 Comments

On 13 June 2019, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 7-2019 ("RR 7-2019") providing for qualifications on who are considered as top withholding agents. Under RR 7-2019, top withholding agents are those taxpayers whose gross sales/receipts or gross purchases or cla...

What To Look Into Your “Cloud Hosting” Contract

Posted by Jack Advincula | Sep 23, 2019 | 0 Comments

With the increasing volume of information collected and processed by a business unit, the trend now for data storage is through the cloud. Cloud storage offers users easy access to data and documents through the internet. No matter where you are in the world, the data or document can be accessed ...

Primer on One-Person Corporations in the Philippines

Posted by Jack Advincula | Sep 23, 2019 | 0 Comments

Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines (RCC), introduced several innovations committed to improve the ease of doing business in the country. One of the most prominent inclusions in the RCC is the concept of a One-Person Corporation (OPC), or a c...

Protecting the Privacy of Data

Posted by Jack Advincula | Mar 27, 2019 | 0 Comments

Information is considered as one of the important organizational assets and plays a critical role to the success of a business. It is a powerful tool in a data-driven economy. Given this, information is required to be protected and entities are made to be accountable on what they do with the info...

ZGLaw enters into an alliance with WongPartnership LLP

Posted by Jack Advincula | Jul 06, 2017 | 0 Comments

On 6 July 2017, ZGLaw agreed to collaborate and enter into a strategic alliance with WongPartnership LLP (“WongPartnership”). WongPartnership is one of the biggest and most awarded law Firms in Singapore and the region, with practices in China, Malaysia, Indonesia, Myanmar, the middle East and...

Ending "Endo"

Posted by Jack Advincula | Oct 03, 2016 | 0 Comments

Contributors: Artemio P. Calumpong and Lorenzo Jared J. Briones (October 2016) “Endo” is the twin brother of the drug monster that also needs to be slain, so says the Duterte administration.  “Endo” is layman's term for end of employment contract.  It is the date indicated on the employment cont...

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