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Legal Updates,
April 2025

In this issue, we feature newly issued circulars by the Bureau of Internal Revenue (BIR) including Revenue Memorandum Circular (RMC) No. 31-2025 on the provisions on applicable taxes due on the sale of property considered as ordinary assets and RMC No. 40-2025 on the submission of proof of settlement of estate, in relation to the estate tax amnesty. We likewise discuss new issuances by the Intellectual Property Office of the Philippines (IPOPHIL), Bangko Sentral ng Pilipinas (BSP), and Department of the Interior and Local Government (DILG), as well as recent cases decided by the Supreme Court.

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GERODIAS SUCHIANCO ESTRELLA LAW FIRM is a full-service law firm established in January 2006 with a vision of providing prompt and personalized range of legal services and forming enduring relationships with people and organizations whose values are compatible with its own.

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