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1908, 2020

RMC No. 83-2020: Tax Implications of Measures Implemented Due to COVID-19 on Cross-Border Matters

August 19th, 2020|Categories: Uncategorized|

By: Hergie Anne C. De Guzman, CPA The Philippine Government has been undertaking measures to prevent the spread of the COVID-19. This includes implementing a series of quarantines and restricting local and foreign travels, especially unnecessary travels. With the implementation [...]

1307, 2020

Revenue Regulations No. 19-2020: Use of BIR Form 1709 or Information Return on Related Party Transactions

July 13th, 2020|Categories: BIR Updates|

The Bureau of Internal Revenue (BIR) released on July 10, 2020 Revenue Regulations (RR) No. 19-2020 to prescribe the use of BIR Form No. 1709 or the Information Return on Related Party Transactions (International and/or Domestic) and the submission of [...]

407, 2020

SEC ADJUSTED DEADLINES FOR ANNUAL REPORTS AND MODES OF SUBMISSION

July 4th, 2020|Categories: Uncategorized|

The Securities and Exchange Commission (SEC) announced just last week the temporary closure of the SEC Main Office in Philippine International Convention Center (PICC), Pasay City to give way for the office disinfection due to the initial positive COVID-19 test [...]

1205, 2020

RMC No. 47-2020: Compliance with the Receipting/Invoicing  Requirements During ECQ

May 12th, 2020|Categories: BIR Updates|

Issues in Invoicing During ECQ Due to the strict implementation of the Enhanced Community Quarantine (ECQ), many taxpayers experience difficulties when it comes to the issuance of receipts/invoices to their customers.  Manual receipts with Authority to Print (ATP) and computer-generated [...]

705, 2020

SEC Extension on Reportorial Requirements Submission During COVID-19 Outbreak

May 7th, 2020|Categories: SEC|

By: Hergie Ann De Guzman The Philippine Securities and Exchange Commission (SEC), amid the COVID-19 pandemic and implemented Community Quarantine, has been continuously providing the public with convenient ways on how companies could comply with the SEC’s reportorial requirements without [...]

2204, 2020

Updates on the Remittance of Government Contributions Amidst COVID-19 Pandemic

April 22nd, 2020|Categories: Government Contributions Updates|

By: Arianne Keith Velasquez, CPA Battling with the unseen opponent due to the COVID-19 is the greatest struggle Philippines and the rest of the world has been dealing with the past months which sprouted to different socio-economic problems especially those [...]

1702, 2020

2020 Guidelines on Submission of Annual Financial Statements of Philippine Registered Entities

February 17th, 2020|Categories: Uncategorized|

By: Seala Marie Asis, CPA Wrapping the financial year ending December 31, 2019 could have been one of the most common works of Philippine accountants this first quarter of 2020.  In this article, let's deal about one of the most important [...]