Extension of Deadline for Submission of Forms/Notices

29 Dec 2020

This Accounting Alert is issued to circulate the Securities and Exchange Commision (SEC) Notice dated December 28, 2020 on the extension of deadline for submission of forms and notices pursuant to SEC Memorandum Circular No. 28-2020.

Utilization of 5% Tax Credit Prescribed under PERA Act of 2008

28 Dec 2020

This Tax Alert is issued to inform all concerned on the following guidelines to utilize the 5% income tax credit on the actual PERA contribution:

Availment of Tax Amnesty on Delinquency and Voluntary Assessment and Payment Program extended until June 30, 2021

23 Dec 2020

This Tax Alert is issued to inform all concerned on the extended period to avail of the Tax Amnesty on Delinquencies (TAD) and Voluntary Assessment and Payment Program (VAPP), and clarifications on the availment of VAPP.

Online and Manual Submission of Forms/Notices Pursuant to SEC MC 28-2020

23 Dec 2020

This Accounting Alert is issued to circulate the guidance for online and manual submission of forms and notices pursuant to Securities and Exchange Commission (SEC/Commission) Memorandum Circular (MC) No. 28-2020 issued last November 3, 2020.

Submission of BIR Form 1709 and preparation of transfer pricing documentation required only for certain taxpayers

22 Dec 2020

This Tax Alert is issued to inform all concerned on the streamlined guidelines and procedures in the submission of BIR Form No. 1709 (Information Return on Related Party Transactions) and its required attachments including transfer pricing documentation (TPD).