News

Chairman's Message 2016

I would have a very short but meaningful message for all of us today.  Today is an important day for the Firm as we celebrate our 57th anniversary and from hereon, each year of our anniversary celebration becomes important as we prepare ourselves for another milestone in 2019 when we celebrate our Diamond Jubilee celebration (60th anniversary).  Let us look forward to this future milestone in the Firm’s history and let us make it more meaningful by working together and putting our focus in shaping up a better and bigger DMD.  We should aspire to in further improving our revenues and profitability by introducing meaningful changes in our strategies and business processes and by further enhancing the technologies we use  as a tool to achieve this objective.

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DMD and Company CPAs 57th Anniversary 2016

My Dear Colleagues in DMD & Co. CPAs, Clients and Friends. I greet all of you with a Happy 57th Anniversary! We founded the Firm in 1959 and was originally professionally known as L. C. Diaz & Company CPAs at that time there were three leading CPA firms in the country. In spite their advantage of an early start, yet a third firm known as the Philippine Investment Management Consultants (PHINMA) has been organized in 1956, wherein I was one of the original consultants.

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Updates

WEEKLY TAX UPDATES [SEPTEMBER 24-28, 2018]

COURT OF TAX APPEALS (CTA) DIGEST

 

[TTRA SHOULD NOT OPERATE TO DIVEST ENTITLEMENT]

 

[FAILURE TO COMPLY WITH ADMINISTRATIVE ISSUANCE DOES NOT DEPRIVE THOSE WHO ARE ENTITLED TO THE BENEFIT OF A TTRA]

 

[AVAILMENT OF THE PREFERENTIAL RATES UNDER TAX TREATIES ENTERED INTO BY THE PHILIPPINES IS NOT CONDITIONED UPON THE FILING OF A PRIOR TTRA]

 

WEEKLY TAX UPDATES [SEPTEMBER 17-21, 2018]

SEC LEGAL OPINION

 

CORPORATIONS COVERED BY SPECIAL LAWS SHALL FOLLOW THEIR OWN PROVISION ON STATUTORY OWNERSHIP REQUIREMENT; 40% OF THE VOTING STOCK OF INVESTMENT HOUSE SHALL BE OWNED BY FILIPINO CITIZENS

WEEKLY TAX UPDATES [SEPTEMBER 10-14, 2018]

A.     BIR ISSUANCES

 

The BIR has issued the following:

 

1.       Revenue Memorandum Circular (RMC) No. 73-2018 dated August 31, 2018 circularizes the availability of new BIR Form No.’s 0619-E (Monthly Remittance Form of Creditable Income Taxes Withheld-Expanded and 0619-F (Monthly Remittance Form of Final Income Taxes Withheld) both January 2018 version.

WEEKLY TAX UPDATES [SEPTEMBER 3-7, 2018]

BIR ISSUES NEW ALPHANUMERIC TAX CODE (ATC)

 

The BIR has issued Revenue Memorandum Order (RMO) No. 38-2018 dated April 3, 2018 [with released date on September 3, 2018] which creates, modifies, and drops Alphanumeric Tax Code (ATC) of selected revenue source under TRAIN Law. The changes are aligned to the objective of the BIR in facilitating the proper identification and monitoring of tax collection from income payments subject to creditable and final withholding taxes pursuant to TRAIN Law and the issuance of Implementing Rules on Regulations on Withholding Tax (i.e. RR 11-2018).

WEEKLY TAX UPDATES [AUGUST 27-31, 2018]

SUPREME COURT (SC) DIGEST

DOCKET FEE IS JURISDICTIONAL BUT FAILURE TO PAY THE SAME DOES NOT AUTOMATICALLY CAUSE THE DISMISSAL OF THE CASE

WEEKLY TAX UPDATES [AUGUST 20-24, 2018]

SEC LEGAL OPINION

CORPORATE TERM OF RELIGIOUS CORPORATION IS DEEMED PERPETUAL UNLESS ARTICLES OF INCORPORATION STIPULATES OTHERWISE