Twenty years ago, we started not only a law firm, but also a community we fondly call the GSE Family. We built something out of long hours, bold ideas, shared sacrifices, and a belief that excellence and integrity could walk hand in hand.
Legal Updates
March 2026
In the March issue of our Legal Updates, we highlight recent regulatory developments and key issuances from various government agencies involving taxation, incentives, and corporate compliance. These include the Joint Memorandum Circular issued by the Department of the Interior and Local Government (DILG), Department of Finance (DOF), and Department of Trade and Industry (DTI), which provides guidelines on the imposition of local taxes, fees, and charges on registered business enterprises (RBEs) availing of incentives under the National Internal Revenue Code and the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act). We also cover new issuances of the Bureau of Internal Revenue (BIR), most notably, Revenue Memorandum Circular (RMC) No. 24-2026, which clarifies the proper application of RMC Nos. 05-2024 and 38-2024, on the tax treatment of cross-border services following the landmark case of Aces Philippines Cellular Satellite Corporation v. Commissioner of Internal Revenue.
Further, we discuss recent issuances and opinions from the Securities and Exchange Commission (SEC), as well as Republic Act No. 12316 which authorizes the President, upon recommendation of the Department Budget Coordination Committee (DBCC), to suspend the imposition of or reduce the excise taxes on petroleum products.
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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.