Extension of the Deadline for the Submission of Annual Reports for the Calendar Year Ended December 31, 2020 and Quarterly Report as of March 31, 2021

26 May 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) notice dated May 18, 2021 for the extension of the deadline for the submission of annual reports for the calendar year ended December 31, 2020 and quarterly report as of March 31, 2021 of publicly-listed companies, issuers of registered securities and public companies.

Guidelines and clarifications on the temporary reduction of percentage tax rate for the period from July 1, 2020 to June 30, 2023

26 May 2021

This Tax Alert is issued to inform all concerned taxpayers on the guidelines in filing and clarifications relative to the temporary reduction of percentage tax on persons exempt from VAT pursuant to Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, as implemented by Revenue Regulations (RR) No. 4-2021.

New BIR Form 1702Q (January 2018 version) now available in eFPS; Modified BIR Form 1702Q now available in eBIRForms facility

25 May 2021

This Tax Alert is issued to inform all concerned taxpayers on the availability of the new Quarterly Income Tax Return(QITR) (BIR Form 1702Q - January 2018 ENCS) in eFPS and modified version of the QITR (BIR Form 1702Qv2008c) in the eBIRForms package in relation to the reduction of corporate income tax rates under Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Enhancements to the Bangko Sentral ng Pilipinas Operational Relief Measures

03 May 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2021-29 dated April 30, 2021 for the enhancements to the BSP operational relief measures.

Advisory on the submission of attachments to e-filed amended AITR for CY 2020

30 Apr 2021

This Tax Alert is issued to inform all concerned taxpayers on the following guidelines on the submission of attachments to the amended Annual Income Tax Return (AITR) for taxable period ending December 31, 2020