Sales and Valderrama Law Office

Sales and Valderrama Law Office DARYL MATTHEW A. SALES
Licensed to practice law in the PH
Certified Public Accountant
Notary Public for Taguig City

NICO B.

VALDERRAMA
Licensed to practice law in the PH and State of New York, USA
Certified Public Accountant
Notary Public for Taguig City

We're growing! Grow with us!
20/02/2026

We're growing! Grow with us!

Did you know your corporation could face 💸 fines and penalties if you don’t file your SEC 2026 reports on time?Under SEC...
18/02/2026

Did you know your corporation could face 💸 fines and penalties if you don’t file your SEC 2026 reports on time?

Under SEC Memorandum Circular No. 09, Series of 2026, all corporations must submit their 📄 Annual Financial Statements (AFS) and 🗂 General Information Sheet (GIS) through 💻 eFAST:

🔹 Fiscal year ending Dec 31 → AFS due May 29, 2026
🔹 Other fiscal years → within 120 days from year-end
🔹 GIS → within 30 days from annual meeting or SEC license anniversary

⚠️ Late or incomplete filings will not be accepted!

✉️ For guidance on ensuring full compliance and timely submission, please contact our office to discuss your reportorial requirements.

🚨 SEC UPDATE FOR CORPORATIONS! 🚨Increasing your Company's authorized capital stock is now more streamlined.Under SEC Mem...
26/01/2026

🚨 SEC UPDATE FOR CORPORATIONS! 🚨

Increasing your Company's authorized capital stock is now more streamlined.

Under SEC Memorandum Circular No. 6, Series of 2026, the SEC has expanded the use of a notarized Subscription Contract in lieu of a Special Audit Report for cash subscriptions, removing the ₱50,000,000 paid-up capital threshold.

Corporations now generally need only a notarized Subscription Contract signed by:
1. the subscriber(s);
2. President, and
3. Treasurer (or a duly authorized officer).

📌 However, a Special Audit Report is still required for:
1. Listed companies
2. Public companies
3. Companies offering securities to the public
4. Companies with SEC secondary licenses

📩 For guidance on how this circular applies to your corporation or for assistance in preparing and filing your increase in authorized capital stock, please feel free to contact our Firm.

‼️IMPORTANT UPDATE: The 2025 NLRC Rules of Procedure officially takes effect today, January 13, 2026. ‼️
13/01/2026

‼️IMPORTANT UPDATE: The 2025 NLRC Rules of Procedure officially takes effect today, January 13, 2026. ‼️

📢 BIR Update on De Minimis BenefitsThe BIR has issued Revenue Regulations No. 29-2025, introducing updates to the non-ta...
23/12/2025

📢 BIR Update on De Minimis Benefits

The BIR has issued Revenue Regulations No. 29-2025, introducing updates to the non-taxable thresholds for selected employee benefits.

Employers are encouraged to review their compensation and benefits structure to ensure compliance and maximize tax-exempt benefits.

This shall take effect after 15 days following its publication.

Season’s Greetings from SALES AND VALDERRAMA LAW OFFICE and VALDERRAMA AND FAJATIN CPAsMay this Christmas season bring p...
23/12/2025

Season’s Greetings from SALES AND VALDERRAMA LAW OFFICE and VALDERRAMA AND FAJATIN CPAs

May this Christmas season bring peace, gratitude, and renewed purpose to you and your loved ones. As we reflect on the year that was, we thank you for your trust and partnership. We look forward to continuing our work together in the year ahead.

Wishing you a joyful Christmas and a prosperous New Year!

We are proud to announce the promotion of Atty. Neil Zigmund T. Cabaltera as Senior Associate and David Czar Denzel C. G...
23/12/2025

We are proud to announce the promotion of Atty. Neil Zigmund T. Cabaltera as Senior Associate and David Czar Denzel C. Golla X as Senior Paralegal effective January 1, 2026.

This milestone reflects their dedication, professionalism, and invaluable contributions to SV Law and its clients. Congratulations on this well-deserved recognition—we look forward to achieving greater milestones together! 🎉⚖️

07/12/2025

FORFEITURE CLAUSE IN CTS/DOAS vs. CASH SURRENDER VALUE UNDER THE MACEDA LAW

Many buyers of residential condominium units are unaware that the Maceda Law (RA 6552) provides important protections that override unfavorable contract terms.

⚠️ If a buyer has paid at least two (2) years of installments—including downpayments and subsequent monthly payments—the buyer is entitled to a Cash Surrender Value (CSV) of at least 50% of total payments made. This right cannot be waived and cannot be defeated by any forfeiture clause in a CTS or DOAS.

⚠️ If the buyer has paid less than two (2) years of installments, the buyer may not qualify for the CSV—but a blanket forfeiture of all payments is still not automatically valid. Courts require that forfeiture clauses be reasonable, and buyers may still recover a portion of what they paid despite a contract stating otherwise.

Bottom line: Contract provisions forfeiting all payments do not prevail over the protections granted by law. Buyers have rights—and these rights are enforceable.

If you are considering cancelling a purchase or facing forfeiture issues, consult a lawyer to understand your remedies and ensure your rights are protected.

‼️ALL ONGOING FIELD AUDITS AND RELATED FIELD OPERATIONS ARE ORDERED SUSPENDED‼️Exceptions:1. Cases prescribing within 6 ...
25/11/2025

‼️ALL ONGOING FIELD AUDITS AND RELATED FIELD OPERATIONS ARE ORDERED SUSPENDED‼️

Exceptions:
1. Cases prescribing within 6 months from November 24, 2025.
2. Processing and verification of estate tax, donor's tax, CGT, WHT on sale of real properties or shares of stocks, and related DST returns.
3. Examination of tax liabilities of taxpayers retiring from business.
4. LOAs and MOs ncessary for active criminal probes.
5. Claims for refund.

Meet our Associates 💜
07/05/2025

Meet our Associates 💜

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Monday 10am - 4pm
Tuesday 10am - 4pm
Wednesday 10am - 4pm
Thursday 10am - 4pm
Friday 10am - 4pm

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