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Archive for June, 2010

Republic Act No. 10021 – Exchange of Information on Tax Matters Act

Posted by lexforiphilippines on June 29, 2010

Signed into law on 5 March 2010, Republic Act No. 10021 or the Exchange of Information on Tax Matters Act allows the Bureau of Internal Revenue to exchange information on tax matters with foreign tax authorities to comply with the Philippines’ commitments under existing tax treaties and international conventions.  For this purpose, the new law amended Sections 6(F), 71 and 270 of Republic Act No. 8424, as amended, otherwise known as the National Internal Revenue Code of 1997, as amended.

For the salient features of Republic Act No. 10021, click on Laws under Tools.

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Posted in Laws and Implementing Rules, Taxation | 1 Comment »

Implementing Rules – Real Estate Investment Trust Act

Posted by lexforiphilippines on June 22, 2010

On 13 May 2010, the Securities and Exchange Commission approved the Implementing Rules and Regulations of Republic Act No. 9856, otherwise known as the Real Estate Investment Trust Act of 2009.

Click on the Tools tab for a copy of the Implementing Rules of the Real Estate Investment Trust Act of 2009.

Posted in Corporate Law, Laws and Implementing Rules, Taxation, Uncategorized | Tagged: , | Leave a Comment »

Republic Act No. 10029 – The Philippine Psychology Act

Posted by lexforiphilippines on June 15, 2010

Signed into law on 16 March 2010, Republic Act No. 10029, otherwise known as the Philippine Psychology Act of 2009, seeks to regulate the practice of psychology and psychometrics in the Philippines by creating the Professional Regulatory Board of Psychology and requiring psychologists and psychometricians to pass a Licensure Examination.

For the salient features of RA 10029, click on Laws under Tools.

Posted in Law School, Laws and Implementing Rules | 6 Comments »

Rules of Procedure for Environmental Cases

Posted by lexforiphilippines on June 7, 2010

On 13 April 2010, the Supreme Court issued the Rules of Procedure for Environmental Cases (A.M. No. 09-6-8-SC) to protect the people’s constitutional right to a balanced and healthful ecology.  The Rules, which took effect on 29 April 2010, will govern the procedure in civil, criminal and special civil actions involving enforcement or violations of environmental laws such as the Revised Forestry Code, the Water Code, the Philippine Mining Act, the Indigenous Peoples Rights Act, the Ecological Solid Waste Management Act, the Clean Air Act, and the Clean Water Act.

For the salient features of the rules, please see Tools under Laws and Implementing Rules

Posted in Energy and Environment, Law School, Laws and Implementing Rules, Notes, Remedial Law | Leave a Comment »