June 2020 - ABO LAW FIRM

ABO LAW FIRM

THE INTERNET TRANSACTIONS BILL: Salient Provisions Of The House Bill 6122

On 30 January 2020 Representative Wes Gatchalian submitted House Bill 6122 or the Internet Transactions Act. With the rapid growth of internet transactions in the Philippines, many Filipinos are now selling their wares and services online through different internet platforms available in the country. Thus, it is important that a law be passed regulating these sales for the protection of the parties involved and the public in general. When the COVID-19 pandemic hit, many realized, including lawmakers, that internet sales and transactions are becoming more of a necessity due to convenience and…

Continue Reading

CREATE BILL : CORPORATE RECOVERY AND TAX INCENTIVES FOR ENTERPRISES ACT AND ITS SALIENT POINTS

On September 2019 the house approved on the third and final reading the Corporate Income Tax and Incentives Rationalization Act (CITIRA). However, due to the COVID-19 pandemic and contraction 0.2 percent of the Philippine economy for the first quarter,  the house of representatives has seen it fit to recalibrate the said bill to make it a big stimulus package to help businesses recover. Currently, many calls were made, especially the business sector to urgently pass the bill to fast-track the recovery of businesses and the economy. CORPORATE INCOME TAX UNDER CREATE BILL…

Continue Reading
Close Menu