Abo and Penaranda Law firm

Taxation Law

RA 12214

Lower Taxes, Higher Stakes: Navigating the Capital Market Reforms of RA 12214

Signed into law by President Ferdinand Marcos Jr. on May 29, 2025, Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA) was launched with symbolic fanfare at the Philippine Stock Exchange (PSE) in Taguig City on July 1, 2025, the law’s effectivity date. The President, along with economic managers and capital market […]

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customs modernization

Customs Modernization and Tariff Act: Innovations and Protections

Living in a borderless world with a free and rapid movement of capital, goods, services, and persons, it is a challenge for an archipelagic State like the Philippines to prevent the entry of harmful imports while continuously promoting international trade for economic growth and development of the country. Hence, to improve custom rules and procedures

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PHILIPPINES ASCENSION TO E-COMMERCE: An Overview of the Bureau of Internal Revenue’s RMC No. 60-2020

The Philippines’ steadfast growth in online technology from analog to digital transactions has significantly contributed to the opening of online businesses through social media and other relevant online platforms. This became the silver lining of the challenges brought by the COVID-19 pandemic. Social media and other online platforms made it easier for different online businesses

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