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11 articles found in Philippines
Foreign corporations must file their General Information Sheet (GIS) with the SEC within 30 days of their annual meeting or the anniversary of their license issuance. Maintaining a local Resident...
The CREATE Act reduced the standard Corporate Income Tax (CIT) for foreign-owned corporations from 30% to 25%, making the Philippines more competitive within the ASEAN region. Incentives are performance-based and...
A foreign divorce is not automatically recognized in the Philippines; it requires a court process called a Petition for Judicial Recognition of Foreign Judgment. Article 26 of the Family Code...
Service Level Agreements (SLAs) in the Philippines are governed by the Civil Code and specific statutes like the Data Privacy Act of 2012. Service credits are the primary remedy for...
Choosing between PEZA and BOI depends on your location strategy; PEZA requires operating within designated ecozones, while BOI allows for more geographical flexibility. Export-oriented IT-BPM firms (exporting 60% or more...
Strict Timelines: In the Philippines, you generally have 30 calendar days to file a formal "Answer" after receiving a summons; failing to do so can result in a default judgment...
Always verify the title with the Registry of Deeds and check for liens, disputes, and unpaid taxes before paying any substantial amount. Foreigners generally cannot own land in the Philippines...
Philippine family law is mainly governed by the Family Code and generally does not allow divorce for non-Muslim couples, so spouses usually file for declaration of nullity, annulment, or legal...
The main law on employment in the Philippines is the Labor Code, as amended by later statutes such as the Batas Kasambahay, the OSH Law, and the Anti-Age Discrimination Law,...
Most accident and injury claims in the Philippines are based on the Civil Code (quasi-delict / negligence), with 4-year general prescriptive periods but shorter deadlines for claims against government agencies...
Deciding to legally end a marriage is never easy. It is a path filled with emotional challenges and tough choices, particularly in the Philippines where the annulment process can be...