March 2022 - Dumlao & Co.

CLARIFYING THE TAXABILITY OF ELECTRONIC SABONG (e-SABONG) OPERATIONS AS REGULATED BY THE PHILIPPINES AMUSEMENT AND GAMING CORPORATION (PAGCOR)

March 31, 2022

CLARIFYING THE TAXABILITY OF ELECTRONIC SABONG (e-SABONG) OPERATIONS AS REGULATED BY THE PHILIPPINES AMUSEMENT AND GAMING CORPORATION (PAGCOR) (Revenue Memorandum Circular No. 25-2022, March 11, 2022) Electronic Sabong or e-Sabong is the online and/or remote or offsite wagering/betting on live cockfighting matches, events and/or activities streamed or broadcasted live from cockpit

SUSPENSION OF INCOME TAX INCENTIVES GRANTED TO REGISTERED BUSINESS ENTERPRISES (RBEs) FOR VIOLATING THE WORK-FROM-HOME(WFH) THRESHOLD PRESCRIBED BY THE FISCAL INCENTIVES REVIEW BOARD

March 31, 2022

SUSPENSION OF INCOME TAX INCENTIVES GRANTED TO REGISTERED BUSINESS ENTERPRISES (RBEs) FOR VIOLATING THE WORK-FROM-HOME(WFH) THRESHOLD PRESCRIBED BY THE FISCAL INCENTIVES REVIEW BOARD (Revenue Memorandum Circular No. 23-2022, March 9, 2022) Fiscal Incentives Review Board (FIRB) is a government agency that oversees the administration and grant of tax incentives by

GUIDELINES ON CORPORATE DISSOLUTION UNDER SECTIONS 134, 136 AND 138 OF THE REVISED CORPORATION CODE.

March 16, 2022

Voluntary Dissolution where no Creditors are Affected (Sec. 134) Initiated by filing a verified request with the Company Registration and Monitoring Department (“CRMD”) or SEC Extension Office, signed by the corporation’s duly authorized representative, stating: Corporate Name, SEC Registration Number, Principal Office and Email Address; Complete Name, Designation and Mailing

DISQUALIFICATION OF DIRECTORS, TRUSTEES AND OFFICERS OF CORPORATIONS; AND THE GUIDELINES ON THE PROCEDURE FOR THEIR REMOVAL.

March 7, 2022

DISQUALIFICATION OF DIRECTORS, TRUSTEES AND OFFICERS OF CORPORATIONS; AND THE GUIDELINES ON THE PROCEDURE FOR THEIR REMOVAL. (SEC Memorandum Circular No. 04 s. 2022) Under Section 26 of Republic Act No. 11232, or the Revised Corporation Code of the Philippines (“RCC”), a person shall be disqualified from being a director,

Month: March 2022

CLARIFYING THE TAXABILITY OF ELECTRONIC SABONG (e-SABONG) OPERATIONS AS REGULATED BY THE PHILIPPINES AMUSEMENT AND GAMING CORPORATION (PAGCOR)

SUSPENSION OF INCOME TAX INCENTIVES GRANTED TO REGISTERED BUSINESS ENTERPRISES (RBEs) FOR VIOLATING THE WORK-FROM-HOME(WFH) THRESHOLD PRESCRIBED BY THE FISCAL INCENTIVES REVIEW BOARD

GUIDELINES ON CORPORATE DISSOLUTION UNDER SECTIONS 134, 136 AND 138 OF THE REVISED CORPORATION CODE.

DISQUALIFICATION OF DIRECTORS, TRUSTEES AND OFFICERS OF CORPORATIONS; AND THE GUIDELINES ON THE PROCEDURE FOR THEIR REMOVAL.

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