Practice question
A 2026 bank payment relates to a qualifying instrument issued before July 1,2025. Explain why the issue date and remaining original maturity matter under CMEPA, while avoiding a claim that every future reinvestment preserves the old treatment.
Legal references
- RA 12214 (CMEPA), Sections 3-4, 8 and 28, amended NIRC Sections 22, 24 and 32 and transition: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
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