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Insights into PFRS 17: Impact on non-insurance entities

09 May 2024

This Accounting Alert is issued to circulate Insights into PFRS 17 to explain the key features of the Standard and provide insights into its application and impact.

Mandatory Establishment and Publication of Registry of Licensed Insurance Agents

08 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter (CL) 2024-10 dated April 16, 2024. The purpose of this Circular Letter is to enable the public to ascertain whether a person is duly licensed by the Commission to act as an insurance agent of a particular company.

Reinstatement of CL No. 2016-55

08 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter (CL) 2024-11 dated April 17, 2024.

Implementation of the Amendments introduced by EOPT Act on Tax Refunds

08 May 2024

This Tax Alert is issued to inform all concerned on the implementation of the amendments introduced by EOPT Act on the risk-based approach in verifying VAT refund claims, liabilities in case of disallowance by the Commission on Audit (COA), refund of unutilized excess income tax credit in case of dissolution or cessation of business, processing of tax refund, and policies for judicial claims.

Discount Rates for Life and Non-life Insurance Policy Reserves and Reserves for Long-Term Contracts of Health Maintenance Organizations (HMO) as of 31 March 2024

06 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter No. 2024-09 dated April 12, 2024.