GTI IFRS News Q1 2019

21 Feb 2019

This Accounting Alert is issued to provide quarterly update on all things relating to International Financial Reporting Standards (IFRS). We'll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

Insights into PFRS 16: Sale and Leaseback Accounting

20 Feb 2019

This Accounting Alert is issued to provide a discussion on the significant changes to sale and leaseback accounting as introduced by PFRS 16.

Insights into PFRS 16: Sale and Leaseback Accounting

20 Feb 2019

This Accounting Alert is issued to provide a discussion on the significant changes to sale and leaseback accounting as introduced by PFRS 16.

SSS Rationalization Act Signed into Law

20 Feb 2019

Republic Act (RA) No. 11199 or "An Act rationalizing and expanding the powers and duties of the Social Security Commission to ensure the long-term viability of the Social Security System (SSS) " was approved by President Duterte last February 7, 2019. The law provided for a gradual increase in monthly contributions from the current 11% to 12% effective January 2019. It will further increase by 1% every other year until it reaches 15% in 2025. It also provided the gradual adjustment of the minimum and maximum salary credit.

The Tax Amnesty Act

19 Feb 2019

This Tax Alert is issued to inform all concerned of the salient provisions of the Tax Amnesty Act signed last February 14, 2019 together with the veto message of the President.