Barrister the Giver

All 6,080 Barristers are being requested to bring, “ISANG BOTENG TUBIG/ISANG DE LATA” on the last Sunday of bar exams – October 04, 2009 for the benefit of the victims of typhoon Ondoy. DLSU student council will provide donation boxes inside the campus.

Giving is Thanking

I am greatly thankful I stayed home last Saturday and my place had neither floodwater nor brown out. (I would surely hate to leave it if ever). My loved ones in different places are all safe too.

So those like me who were not severely affected by typhoon Ondoy should step out of the comfort zone to aid people who were extremely devastated. Generous giving is also the best way to thank God. Relief goods, money or any assistance we can extend will be of great help! Well, then start contacting now Charitable Institutions that are mobilizing funds for the victims.

2 Corinthians 9:7

"Each man should give what he has decided in his heart to give, NOT RELUCTANTLY OR UNDER COMPULSION, for God loves a cheerful giver."

Tax on Sale of Real Property

The determination of the tax imposed on SALE of Real Property depends on whether the property is capital asset or ordinary asset.

Capital Gains Tax is imposed if the property is classified as capital asset of the SELLER while Creditable Withholding Tax is imposed if the same is classified as ordinary asset.

Pursuant to the provisions of Section 244, in relation to Sections 57(A) and (B) of the National Internal Revenue Code of 1997, the Revenue Regulations No. 30-2003 amended pertinent provisions of Revenue Regulations No. 2-98 which includes imposition of WITHHOLDING as a mode of remitting Tax on the Sale of Real Property to the BIR.

According to Section 5 of Revenue Regulations No. 30-2003, albeit the burden of paying Tax is really upon SELLER-income earner, the obligation to withhold is imposed upon the BUYER-payor subject to the corresponding withholding tax rate. Provided, that the Official Receipts of payment and the corresponding Certificate of Taxes Withheld shall be issued in the name of the SELLER. (Certificate of Final Income Taxes Withheld for real property classified as capital asset or Certificate of Creditable Taxes Withheld for ordinary asset)

Unjustifiable refusal of the SELLER to be subjected to withholding shall be a ground for the mandatory audit of his income tax liabilities (including withholding tax) upon verified complaint of the BUYER.

Bar Send-Off Service

Advocates Philippines hosted a special Send-off Service last September 5, the day before the 1st Sunday of Bar Exam which is held annually on all four Sundays of September. The goal is to encourage the barristers (bar candidates) and to pray that they may be guided by the Holy Spirit throughout the exams. Too bad yours truly was not able to attend to serve them because I was so spiritually weak at the time hence, I have missed my duty as its very first Secretary General huhu...

The evening event was held at the Victory Christian Fellowship - Harrison Plaza Village with the participation of International Justice Mission - Manila (IJM) lawyers.

We are hoping and praying that we can hold it every Saturday of September by next year.

praying over the Barristers....

A Beautiful World

I long to accomplish a great and noble task, but it is my chief duty and joy to accomplish humble tasks as though they were great and noble. For the world is moved along, not only by the mighty shoves of its heroes, but also by the aggregate of tiny pushes of each HONEST worker.

- Hellen Keller - (the first DEAF-BLIND known to have earned a Bachelor of Arts degree)