Case Digest: Serrano vs Gallant Maritime Services (2009)

Whether or not the subject clause violates Section 10, Article III of the Constitution on non-impairment of contracts? Continue reading Case Digest: Serrano vs Gallant Maritime Services (2009)

Exemption from Taxation of Government Agencies and Instrumentalities

Instrumentality refers to any agency of the national Government, not integrated within the department framework, vested with special functions or jurisdiction by law, endowed with some if not all corporate powers, administering special funds, and enjoying operational autonomy, usually through a charter. Continue reading Exemption from Taxation of Government Agencies and Instrumentalities

Requirements to establish a representative office in the Philippines

To establish a representative office in the Philippines, the following requirements must be met: Must secure from the Securities and Exchange Commission (SEC) approval of the License to do business in the Philippines as a representative office of a foreign … Continue reading Requirements to establish a representative office in the Philippines

Distinctions between Regional Operating Headquarters (ROHQ) and Regional Headquarters (RHQ)

The distinctions between ROHQ and RHQ are: As to purpose, R.A. No. 8756 defines Regional Operating Headquarters (ROHQ) as any foreign business entity formed, organized, and existing under any laws other than those of the Philippines whose purpose is to … Continue reading Distinctions between Regional Operating Headquarters (ROHQ) and Regional Headquarters (RHQ)

Differences in setting up a local subsidiary office and a branch office of a foreign corporation (Tax 1)

The differences in setting up a local subsidiary office and a branch office of a foreign corporation are the following: As to its creation, a local  subsidiary involves incorporation under Philippine laws. On the other hand, doing business through a … Continue reading Differences in setting up a local subsidiary office and a branch office of a foreign corporation (Tax 1)

Art 1 of the Revised Penal Code : The three cardinal principles of the Philippine penal laws explained

The penal laws in the Philippines observed several principles in application of the law. In the Revised Penal Code (RPC), in particular, here are the three cardinal principles: 1. Generality 2. Territoriality 3. Prospectivity According to the book of Regalado, … Continue reading Art 1 of the Revised Penal Code : The three cardinal principles of the Philippine penal laws explained

When may a person be liable for indemnity even when the act was not due to his negligent or fault?

Under Art 23 of the Civil Code of the Philippines, even when an act or event causing damage to another’s property was not due to the fault or negligence of the defendant, the latter shall be liable for indemnity if … Continue reading When may a person be liable for indemnity even when the act was not due to his negligent or fault?

Personal Finance- Guide on how to manage your finances though with a low income

How you maximize or streamline your finances may depend on your income and, at times, savings. Apparently, most people let their salary control their quality of living. This then include from the type of things that they buy, the moments … Continue reading Personal Finance- Guide on how to manage your finances though with a low income