18 Jul
Property

Legal Lease: The Things You Need To Know In Leasing Real Property 

Many resort to leasing properties for residential or commercial use. Despite this common practice, the legal knowledge of many Filipino and foreign nationals residing in the Philippines on leasing contracts is often limited to rental costs and periods of lease. To many lessees and even lessors, the terms and conditions are nothing but legal mumbo jumbo. Given its significance, a basic understanding of the laws on leases is a must.

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02 Jul
Property

How to Become a Homeowner: A Guide to Buying Real Property in the Philippines

Owning real property represents a significant milestone for many Filipinos. In this article we aim to guide you through the legal framework and practical steps involved in purchasing property so that you may make informed and confident decisions. From deciphering the nuances of property titles, to understanding your rights and responsibilities, we cover what you need to know to embark on this significant investment.

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29 May
News

The Future of Philippine Cultural Heritage: Strengthening Conservation Through Legislative Reform

In 2023, the enactment of Republic Act No. 11961 marked a significant milestone in this journey. This post delves into the essential aspects of RA No. 11961, exploring its impact on cultural property classification, cultural mapping, heritage documentation, and education. Through these measures, the Philippines aims to safeguard its cultural heritage, ensuring its legacy endures for generations to come.

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24 Apr
Environment

Earth Month Action: EPRA’S Role in Driving Eco-Friendly Business Practices

As we celebrate Earth Month, we turn our focus to the Philippines’ Extended Producer Responsibility Act (EPRA), a legislative framework dedicated to advancing sustainable practices within the business sector. EPRA mandates companies to adopt full lifecycle management of plastics, aiming to achieve plastic neutrality and reduce its harsh environmental impact. Let us delve into the details of EPRA as we collectively strive toward a more sustainable and responsible future.

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04 Apr
Business, Environment

Promoting a Green Economy through Green Tax Incentives

In 2016, the Philippines took a significant step towards sustainable development with the passage of Republic Act No. 10771 or the Philippine Green Jobs Act. This groundbreaking legislation promotes the creation of green jobs by providing tax incentives to businesses which contribute to environmental sustainability in economic development.

In line with this, the Bureau of Internal Revenue (BIR) issued Revenue Regulation 05-2019 specifying tax deductions and incentives for businesses offering green jobs and eco-friendly practices. In addition, the Bureau of Customs (BOC) is also mandated to exempt the importation of capital equipment used in the promotion of green jobs from payment of duties and taxes.

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