The Supreme Court laid down the exceptions to the Nell Doctrine, in which instances, the transferee shall assume the liabilities of the transferor corporation...
An individual stockholder may be permitted to institute a derivative suit in behalf of the corporation in order to protect or vindicate corporate rights whenever the officials of the corporation refuse to sue...
An LN is entirely different and serves a different purpose than an LOA. After an LN has served its purpose, the revenue officer should have properly secured an LOA before proceeding...
The quarterly tax payments are advance payments of the tax due on the entire taxable income of that particular taxable year. Thus, these quarterly tax payments are deducted from the total tax due for the entire year as indicated in the final adjustment return...
Although the suspension of payment by the buyer was valid, he is still liable to pay the interest as agreed upon...
Republic act No. 6552, the Realty Installment Buyer Act, was enacted ‘to protect buyers of real estate on installment payments against onerous and oppressive conditions' (Sec. 2)...
The phrase “doing business” shall include soliciting orders, service contracts, opening offices, whether called “liaison” offices or branches; appointing representatives or distributors domiciled in the Philippines...
Generally where one corporation sells or otherwise transfers all of its assets to another corporation, the latter is not liable for the debts and liabilities of the transferor...
A One Person Corporation is a corporation with a single stockholder, who can only be a natural person, trust or estate...
JMC No. 01, series of 2022 provides for the guidelines on the mandatory provision of statutory benefits of the senior citizens and persons with disability...
The sale of the power plants is not "in the course of trade or business" as contemplated under Section 105 of the NIRC, and thus, not subject to VAT...
Gross negligence has been defined as the want or absence of even slight care or diligence as to amount to a reckless disregard of the safety of the person or property...
The real property tax is due to the local government unit where the property is located. Pending resolution of the boundary dispute...
All Covered Institutions are required to implement a 30-day grace period for all loans with principal and/or interest falling due within the Enhanced Community Quarantine Period (ECQ Period) without incurring interest on interest, penalties, fees and other charges...
Upon placement of order, the Senior Citizen or Person with Disability must provide his/her name, date of birth, and the lD number...
The collection case instituted by creditor against the principal debtor and its surety may proceed despite a stay order...
It is imperative to determine the location of the property in order to identify who between the local government units involved has the authority to collect real property tax...
The law requires the OPC to designate a nominee and an alternate nominee who, in the event of the single stockholder’s death or incapacity, shall take the place of the single stockholder...