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Submission of 2023 Alphalist of Employees extended until February 28, 2024

26 Jan 2024

This Tax Alert is issued to inform all the concerned of the extension of the deadline of submission of the alphalist of employees as attachment to BIR Form 1604-C for the taxable year 2023 from January 31, 2024 to February 28, 2024.

VAT-exempt threshold for sale of house and lot and other residential dwellings increased to P3.6M

26 Jan 2024

To ensure that you are ready when the BIR conducts tax mapping operations, please prepare your books of accounts, ensure updated recording, display your Certificate of Registration 2303, BIR form 0605 RF, NIRI (Notice to issue receipts/invoices). These must be displayed in any conspicuous place of business establishment and available for inspection.

Insights into PFRS 2 - Share-based Payments

22 Jan 2024

This accounting alert is to issue the first two articles in our new series Insights into PFRS 2 - Share-based Payments.

SEC integrates compliance requirements with eSPARC, OneSEC and eFAST

22 Jan 2024

The Securities and Exchange Commission (SEC), in its Memorandum Circular (MC) No. 23, series of 2023, integrates certain compliance requirements from SEC MC No. 28, series of 2020 (MC 28) and SEC MC No. 1, series of 2021 (MC 1) with the SEC Electronic Simplified Processing of Application for Registration of Company (eSPARC), One-day Submission and E-registration of Companies (OneSEC) and the SEC Electronic Filing and Submission Tool (eFAST).

Guidelines on the Pag-ibig Funds Implementation of Increase in the Maximum Fund Salary (MFS) effective February 2024

18 Jan 2024

Relative to this Circular, the new mandate is having the increase from one (1) to two (2) percent contribution both for employer and employee.