Under the Revised Corporation Code, a single stockholder may now form a corporation. Said corporation is called a One Person Corporation (“OPC”). The single stockholder in an OPC should be a natural person, trustee or estate. Banks and quasi-banks, preneed, trust, insurance, public and publicly listed companies, and non chartered government owned and controlled corporations may not incorporate as an OPC. A natural person who is licensed to exercise a profession may not organi

Last March 16, 2019, the lawyers of Nonato Nonato Nonato-Luciano & Luciano Law Offices conducted a legal seminar on the new laws: the Tax Amnesty Law, the Revised Corporation Code, 105-Day Expanded Maternity Leave Law and the SSS Act of 2018. The seminar was held in Palmbeach Resort and Spa. To know more about the seminars the firm will be conducting in the future, please send an email to roselle.jean@nonatolaw.com. #legalseminar #cebulawyer #CebuBusiness #cebulawoffice #Cebu

A Black List Order (BLO) is one that bars a foreigner from entering the Philippines. This is usually because the foreigner has committed a violation of one or more of the immigration laws of the Philippines. Being discourteous to an immigration official upon arrival in the Philippines can even be considered a ground to black list a foreigner from the Philippines. Remember, black listing is discretionary on the part of the Bureau of Immigration which is why foreigners have to

Nonato Nonato Nonato-Luciano and Luciano Law Offices conducted a successful seminar on Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law last January 27, 2018. The seminar was held in Palmbeach Resort & Spa and attended by many of the firm's clients and other companies. #TRAINLaw #cebulawofficePhilippinelaborcompliance #CebuBusiness #Cebuinvestments #cebulawoffice #CebuLawyers #cebulawfirm #Philippineslawyer #PhilippineTax #EstateTax

The Tax Reform for Acceleration and Inclusion (TRAIN) Law, otherwise known as Republic Act No. (RA) 10963, became effective last January 1, 2018. Pursuant to this, the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 105-2017 releasing the new withholding tax table on compensation effective January 1, 2018 to December 31, 2022. Under RA 10963, those with an annual income of Php250,000 and below or approximately a monthly income of Php20,833 and be

DOLE recently published Department Circular No. 01 clarifying the applicability of Department Order No. 174 or the Rules Implementing Articles 106 to 109 of the Labor Code, as amended. Among others, the Department Circular states that: “D.O. 174, Series of 2017, applies only to trilateral relationship which characterizes contracting or subcontracting arrangement. It does not contemplate to cover information technology-enabled services involving an entire or specific business

Below are leaves mandated by law in the Philippines: 1. Service Incentive Leave (SIL) An employee who has rendered at least one (1) year of service shall be entitled to a yearly service incentive leave of five (5) days with pay. The following employees are excluded from entitlement to SIL under the Labor Code, but may be entitled to the same or similar benefits if so provided under other laws, or collective bargaining agreement or employment contract: a. Those of the governme

To provide a simplified, informal, and inexpensive recourse for people to assert their claims without the assistance of a lawyer, A.M. No 08-8-7-SC or “The Revised Rules of Procedure for Small Claims Cases” offers a special procedure on all actions which are purely civil in nature where the claim or relief prayed for by the plaintiff is solely for payment or reimbursement of sum of money not exceeding Four hundred thousand pesos (P400,000.00), exclusive of interest and costs.

What are the activities that an RHQ / ROHQ may engage in? A. REGIONAL HEADQUARTERS (RHQ) The activities of the RHQ are limited to acting as a supervisory, communications and coordinating center for its subsidiaries, affiliates and branches in the region. It is neither allowed to derive any income from sources in the Philippines and to participate in any manner in the management of any subsidiary or branch office it might have in the Philippines nor to solicit or market goods