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

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June 1, 2022

Legal Developments


IMPOSITION OF EXCISE TAX ON REMOVAL OF SWEETENED BEVERAGES PRODUCTS FOR EXPORT


  • Removal of Sweetened Beverages products intended for export from the place of production shall be subject to the payment of the excise tax

  • The payment of excise tax due on every removal of sweetened beverages from the place of production shall be for the account of the manufacturers

  • After the payment of the tax, the manufacturers may file a claim for excise tax credit

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WORKING CONDITIONS OF DELIVERY RIDERS IN FOOD DELIVERY AND COURIER ACTIVITIES


  • A nonstock corporation is one where no part of its income is distributable as dividends to its members, trustees, or officers

    Nonstock corporations may be formed for charitable purposes

    The number of trustees may or may not be more than fifteen (15)

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WHAT IS A NONSTOCK CORPORATION?


  • A nonstock corporation is one where no part of its income is distributable as dividends to its members, trustees, or officers

  • Nonstock corporations may be formed for charitable purposes

  • The number of trustees may or may not be more than fifteen (15)

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WHAT ARE COMMON CARRIERS?


  • Common carriers are persons, corporations, firms or associations offering their services to the public

  • Common carriers are engaged in the business of carrying or transporting passengers or goods or both

  • They transport passengers or goods or both by land, water, or air

     

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