If your corporation has missed SEC filings and is now tagged as delinquent, one of the first questions you’ll probably ask is: how much will it cost to fix it? The honest answer is this: there is no single flat amount. The total cost depends on your company’s specific situation, including how many reportorial requirements were missed, how long they have been overdue, whether amendments are needed, and whether you must file a petition to revive the corporation’s status. The SE

Transferring shares in a corporation may sound complicated, but it’s actually a straightforward process if you follow the right steps. Whether you’re selling shares, transferring ownership to a partner, or restructuring your business, it’s important to do it properly to avoid legal and tax issues. This guide breaks everything down in a clear and easy-to-understand way. What Does “Transfer of Shares” Mean? A share transfer happens when ownership of shares moves from one person

Why This Update Matters The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 24-2026 to clarify how taxes apply to cross-border services. This update addresses confusion from earlier issuances (RMC 5-2024 and RMC 38-2024) and provides clearer guidance for businesses dealing with foreign service providers. What Are Cross-Border Services? Cross-border services refer to services provided between parties in different countries, such as: Hirin

Foreign investors looking to do business in the Philippines must comply with specific rules set by the Securities and Exchange Commission (SEC). Understanding these requirements is essential to ensure smooth registration, legal compliance, and successful operations. This guide breaks down the key requirements in a simple and practical way. Who Can Invest in Philippine Corporations? Foreign individuals and companies are allowed to invest in Philippine corporations. However, ow

Cross-border services are now a day-to-day reality for Philippine businesses. Think offshore consultants, IT outsourcing, foreign engineering teams, online training providers, international telecom services, and more. The challenge is that “the service is abroad” doesn’t automatically mean “no Philippine tax,” just as “the customer is in the Philippines” doesn’t automatically mean “taxable.” The rules depend on facts—what the service is, where key parts happen, and where the

A Practical Guide to Robiso v. Ibay and What It Means for Adoptive Families Adoption cases often begin with a simple human story: a parent, unable to care for a child, entrusts that child to someone willing to give the child a stable home. But in Philippine law, good intentions do not replace legal safeguards. In Eleazar R. Robiso v. Hon. Marie Grace Javier Ibay, G.R. No. 241893, decided on November 3, 2025, the Supreme Court clarified a rule that matters to adoptive parents,

The Bangko Sentral ng Pilipinas (BSP) requires banks and other BSP-supervised financial institutions (BSFIs) to appoint external auditors included in its List of Selected External Auditors. These auditors are classified into Categories A, B, and C, depending on their qualifications, experience, and regulatory track record.[1] Under this framework, a BSFI must appoint an auditor from the same or higher category, while an external auditor may serve institutions within its categ

Changing corporate officers is a normal part of running a corporation in the Philippines. Whether due to resignation, replacement, promotion, or internal restructuring, it’s important to follow the correct legal process to stay compliant with the Securities and Exchange Commission (SEC). This guide explains everything you need to know clearly and simply. What Are Corporate Officers? Corporate officers are the key individuals responsible for managing the day-to-day operations

Photo courtesy: PCO What Businesses and Taxpayers Need to Know Fuel prices influence nearly every sector of the economy—from transportation and logistics to food and retail. With the passage of Republic Act No. 12316, the Philippine government now has a legal mechanism to respond when fuel costs rise sharply. At Aureada CPA Law Firm, we break down what this law means in practical terms—so businesses and taxpayers can make informed decisions. A Targeted Response to Rising Fuel

Planning to expand your business or bring in new investors? Increasing your Authorized Capital Stock (ACS) is a common step for growing corporations in the Philippines. This guide breaks down the process in simple terms so you can stay compliant and avoid delays. What Is Authorized Capital Stock? Authorized Capital Stock (ACS) is the maximum amount of capital a corporation is allowed to raise through the issuance of shares. When your current capital is no longer enough to sup

Artificial intelligence is no longer a futuristic concept—it is already transforming how legal professionals work. From drafting pleadings to conducting legal research, AI tools are becoming part of everyday legal practice. Recognizing both the opportunities and risks, the Philippine Supreme Court introduced a landmark policy in 2026: the Governance Framework on the Use of Human-Centered Augmented Intelligence in the Judiciary (A.M. No. 25-11-28-SC). This framework sets the r

Changing key details of your corporation such as its name, business purpose, or office address requires more than just an internal update. In the Philippines, these changes must be formally approved through an amendment of the Articles of Incorporation with the Securities and Exchange Commission (SEC). If done incorrectly, the process can cause delays or compliance issues. This guide explains how to amend your Articles of Incorporation step-by-step, including requirements, ti

A corporation may be suspended or revoked by the Securities and Exchange Commission (SEC) for several reasons most commonly for failing to comply with reportorial requirements such as filing the General Information Sheet (GIS) or Audited Financial Statements (AFS). When this happens, many business owners assume the company can no longer operate. Fortunately, that is not always the case. Under Philippine corporate regulations, corporations that have been suspended or revoked m

Mistakes in corporate filings happen more often than many businesses expect. A wrong shareholder name, incorrect officer information, or outdated address can easily slip into a General Information Sheet (GIS) filed with the Securities and Exchange Commission (SEC). The good news is that these errors can usually be corrected. Corporations can submit an amended GIS to update inaccurate or incomplete information. In this guide, we explain how to correct an error in a filed GIS,

Filing your General Information Sheet (GIS) with the Securities and Exchange Commission (SEC) is a mandatory requirement for corporations in the Philippines. The document updates the SEC on your company’s directors, officers, shareholders, and other corporate details. However, many companies overlook or delay this filing. While it may seem like a minor administrative task, failing to submit your GIS on time can lead to fines, delinquency status, and even revocation of your co

The Philippine government is considering a major policy tool to protect consumers from rising fuel prices during global crises. House Bill No. 8418 would allow the President of the Philippines to temporarily suspend or reduce excise taxes on petroleum products when the country faces a national or global economic emergency. The proposal gained urgency amid the escalating Iran–US–Israel conflict, which threatens global oil supplies and could push fuel prices significantly highe

Understanding how corporations must present financial information is essential for investors, regulators, and businesses. In Abacus Coal Exploration and Development Corporation v. Securities and Exchange Commission, the Philippine Supreme Court clarified the importance of accurate financial reporting and proper disclosure of assets and equity in audited financial statements. This case highlights how material misstatements and omissions in financial statements can lead to regu

Running a corporation in the Philippines comes with important reporting responsibilities. One of the most critical is complying with the Securities and Exchange Commission (SEC) filing requirements . Every year, corporations must submit several documents to the SEC to remain compliant with Philippine corporate regulations. Failure to meet these requirements may result in penalties, fines, or even suspension or revocation of corporate registration . This complete guide explain

What the Supreme Court Clarified in Paree v. Magsaysay Maritime Corporation Overseas Filipino Workers (OFWs) play a vital role in the Philippine economy. Because they work abroad and often deal with foreign employers, the law provides strong protections to ensure their rights are respected. One of the most important protections comes from the Migrant Workers and Overseas Filipinos Act of 1995 (Republic Act No. 8042) . A recent Supreme Court ruling in Ruthgar T. Paree v. Magsa

Overview The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 14-2026, dated March 4, 2026, to clarify provisions under RMC No. 8-2026, RMO No. 1-2026, and RMO No. 6-2026 concerning the lifting of the suspension of tax audits and the implementation of revised audit policies and procedures. This circular provides guidance on how audit authorities, verification instruments, and consolidation of audit cases will be handled under the Single-Instan