ALBURO ALBURO AND ASSOCIATES LAW OFFICES ALBURO ALBURO AND ASSOCIATES LAW OFFICES

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June 1, 2022

Legal Developments


ISSUANCE OF THE CERTIFICATE OF REGISTRATION AND PROFESSIONAL IDENTIFICATION CARD UNDER REPUBLIC ACT NO. 9646 OR THE “REAL ESTATE SERVICE ACT OF THE PHILIPPINES”


  • The certificate of registration and the professional identification card shall remain in full force and effect until revoked or suspended

  • The professional Regulatory Board of Real Estate Service may revoke the certificate of registration and the professional identification card

  • A special or temporary permit may be issued to real estate service practitioners from foreign countries

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QUALIFICATIONS OF APPLICANTS FOR LICENSURE EXAMINATION UNDER REPUBLIC ACT NO. 9646 OR THE “REAL ESTATE SERVICE ACT OF THE PHILIPPINES”


  • Every applicant seeking to be registered and licensed as a real estate service practitioner shall undergo examination

  • In order to be admitted to the licensure examination for real estate service, a candidate shall have the qualifications

  • A certificate of registration shall be issued to examinees who pass the licensure examination for real estate service

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EFFECTS WHEN A BOARD MEETING OF A CLOSE CORPORATION IS UNNECESSARY OR IMPROPERLY HELD


  • Meetings of a corporation may be regular or special

  • A written notice of the meetings must be sent to all stockholders or members

  • When a meeting was unnecessary or improperly held, it may be ratified

     

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TAX INCENTIVES AND FEE PRIVILEGES FOR THE PROCUREMENT AND ADMINISTRATION OF CORONAVIRUS DISEASE 2019 (COVID-19) VACCINES

 

  • The procurement, importation, donation, storage, and administration of Covid-19 Vaccines may be exempted from tax

  • The tax incentives for Covid-19 vaccines shall only be applicable if the vaccines are not intended for resale or other commercial use

  • There must be a “Sworn Declaration” from the taxpayer-buyer/importer/donee that the Covid-19 vaccines shall not be intended for resale or other commercial use

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