Republic Act No. 11590 (An Act Taxing Philippine Offshore Gaming Operations)

01 Oct 2021

This Tax Alert is issued to inform all concerned on the salient provisions of Republic Act (RA) No. 11590 (An Act Taxing Philippine Offshore Gaming Operations, amending for the Purpose Sections 22, 25, 27, 28, 106, 108, and Adding New Sections 125- A and 288(G) of the National Internal Revenue Code Of 1997, as Amended, and for Other Purposes).

Guidelines on WFH arrangements for RBEs of the IT-BPM sector

24 Sep 2021

This Tax Alert is issued to inform all concerned on the guidelines issued by the Fiscal Incentives Review Board (FIRB) allowing Registered Business Enterprises (RBEs) of the Information Technology- Business Process Management (IT-BPM) sector to adopt Work-From-Home (WFH) arrangements because of the COVID-19 pandemic.

Advisories on the extension of deadline of filing and payment of tax returns falling due during the ECQ/MECQ periods

24 Sep 2021

This Tax Alert is issued to inform all concerned taxpayers on the clarifications regarding the extension of deadline of filing and payment of tax returns falling due within the Enhanced Community Quarantine (ECQ)/Modified Enhanced Community Quarantine (MECQ) periods.

Extended deadline for filing of VAT refund claims with VCAD falling due on September 30, 2021; suspension of the 90-day processing period

24 Sep 2021

This Tax Alert is issued to inform all concerned taxpayers on the extension on filing deadline of VAT refund with the VAT Credit Audit Division (VCAD) originally due on September 30, 2021 and the suspension of the 90-day processing period.

SEC MC No. 8-2021, Amendments to Transitory Provisions of Pronouncements on the Implementation of PFRS 15 by Real Estate Companies

21 Sep 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) Memorandum Circulars (MC) No. 8-2021 dated July 8, 2021 on the amendment to SEC MC No. 14-2018, SEC MC No. 3-2019, SEC MC No. 4-2020, and SEC MC No. 34-2021 to clarify transitory provision.