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.
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AMLC Registration in the Philippines: Who Counts as a Covered Person
AMLC registration in the Philippines applies to banks, pawnshops, money changers, e-money issuers and other covered persons. Know if your business must register.
Pawnshops and VAT: Clarifying Tax Exemptions for Non-Bank Financial Intermediaries
The Supreme Court clarifies that pawnshops, as non-bank financial intermediaries, were not liable for VAT in 2000 due to deferred effectivity.
When Pawnshops Were Exempt From VAT: TFS, Inc. v. CIR
A 2010 Supreme Court ruling cancelled a pawnshop's deficiency VAT assessment and relaxed procedural rules to prevent unjust enrichment.
VAT Liability of Pawnshops: Clarifying Tax Obligations and Documentary Stamp Tax Implications
The Supreme Court clarifies when pawnshops are VAT-liable and confirms documentary stamp tax on pawn tickets, with relief from surcharges in good faith.
Pawn Tickets AND Documentary Stamp Taxes Clarifying TAX Obligations FOR Pawnshops
Pawnshops VS Lending Investors Clarifying TAX Obligations IN THE Philippines
Percentage Tax on Pawnshops: Defining Lending Investors Under Philippine Law
Supreme Court ruling on whether pawnshops are lending investors subject to 5% percentage tax under the NIRC.