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Certified True Copy – Importance of Verification

Case Study : A residential property owned by a family for decades and has gone through three extra judicial settlements and payment of estate taxes was initially examined by the Bureau of Internal Revenue and upon review, the Certificate Authorizing Registration ( CAR ) was found to be fake, take note, all payments regarding estate taxes are recorded in the computer - ( this normally means that the...

Spouses Right to a Property

REAL ESTATE CASE  STUDY : I am currently researching on this case : Nine siblings inherited a property back in the mid 90s, all nine are based abroad and married but two of them are now divorced, their property is being sold, do the spouses of the divorcees have a claim to the property ? Would they also need to go through a consularized Special Power of Attorney ? i will blog about this soon, have a...

Difference between OEM and ODM

The Philippines is fast becoming an alternative for manufacturing companies to move their operations to.  Below is an article that distinguishes the difference of what an OEM and ODM are and it's good to be aware of both. Difference between OEM and ODM What is OEM and ODM? Ever heard of OEM and ODM? These two acronyms are buzzwords in the manufacturing...

Philippine Real Estate News – February 11, 2015

hello everyone, here’s some select articles about philippine real estate and economy from various newspaper correspondents for your reference. to view the articles, click on the links below : from business mirror, this again directly affects the foreign direct investment coming into the country : http://www.businessmirror.com.ph/foreign-investment-incentives-what-to-change/ from...

Renaissance 2000, Ortigas Center – Fire Sale, Best Offer

    CONDOMINIUM FOR SALE : Location :  Renaissance 2000, Ortigas Center, Pasig Floor Area = 222 square meters + 31.96 square meters ( deck ) Price = BEST OFFER ! Details :  Upgraded three bedrooms with bathroom, living room, dining room, kitchen, service area, maid's quarter, two parking slots for further details, please call our office at 8561365 or 5148481. thank ...

Philippines can withstand headwinds in Global Economy

here's an article taken from Interaksyon.com on a speech given by  Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. : EDITOR'S NOTE: This is an edited version of a speech that Gov. Tetangco delivered during the Security Bank Economic Forum held at Fairmont Hotel on January 30, 2015.) In 2014, there were two themes that dominated the global operating environment – uneven global growth...

What is the Difference between VAT and Percentage Tax ?

What is the Difference between VAT and Percentage Tax ? Value Added Tax (VAT) and Percentage Tax are both business taxes collected from the sale of goods and services. The similarity ends there because these taxes are different in nature. Business owners, especially the new ones, need to know which one applies to their business to avoid future disputes with the Bureau of Internal Revenue (BIR). Value...

Rizal Memorial Coliseum Stadium to Move to Clark Air Base ?

  Here's an article from PhilBoxing.com's correspondent, Eddie Alinea on Philippine Sport's Commission chair, Ritchie Garcia welcoming the idea of Rizal Coliseum Sports Complex to be moved outside of Manila.  As an avid sports fan, i've seen the decline in our athlete's performance in the Olympics and it's really frustrating.  How could our athletes compete when our facilities are so...

Secure your Property by Updating into an eTitle

hello everyone, for your information, the Land Registration Authority ( www.lra.gov.ph ) has upgraded its services vastly and one that really matters for a property owner is assuring that the title to your property is clean and rightfully yours.  you may now secure an eTitle which secures your title from loss, destruction, fraud and from misfiling of records.  i highly recommend you avail of this...

What to do when an Improvement overlaps on a Vacant Lot ?

here's a recent case that our office came across that had to be assessed and processed properly in order to avoid any problems and concerns by both the Bureau of Internal Revenue and Register of Deeds.  take note that during a sale of a property, the most important concerns by both parties are : 1) Seller gets a Certificate Authorizing Registration (CAR ) - proof that all taxes with regards to the...

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