Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
Jul 29, 2019local business taxholding companynon-bank financial intermediarydividendslocal government codetax refund
Holding Company vs Financial Intermediary: Local Business Tax on Dividends
Supreme Court clarifies that holding companies receiving dividends are not non-bank financial intermediaries subject to local business tax under the Local Government Code.
When Public Funds Meet Private Entities: The Boundaries of the Anti-Graft Law
The Supreme Court clarifies when government financial assistance to private organizations may or may not violate Section 3(e) of the Anti-Graft Law.