SEC Memorandum Circular 2018-14 – PFRS 15 Implementation Issues Affecting Real Estate Industry

17 Nov 2018

This Accounting Alert is issued to provide guidance relating to the Securities and Exchange Commission's (SEC or the Commission) resolution regarding some implementation issues affecting the real estate industry brought about by the adoption of PFRS 15, Revenue from Contracts with Customers, as discussed in the Memorandum Circular (MC) No. 2018-14 issued by the Commission on October 29, 2018.

P25 wage hike for National Capital Region workers

08 Nov 2018

The Department of Labor and Employment (DOLE) has signed Wage Order No. NCR-22 which mandates the P25 increase in daily basic pay in the National Capital Region (NCR) and the integration of the P10 cost of living allowance (COLA) in the minimum wage, thus raising the daily pay in Metro Manila to P537.

Accounting for Client Money

19 Oct 2018

This Accounting Alert is issued to provide guidance on "client money".

List of Existing and New Top Withholding Agents

10 Oct 2018

This tax alert is issued to inform all concerned taxpayers on the publication of the BIR’s list of top withholding agents.

New withholding tax treatment of premiums on health card of employees

28 Sep 2018

Under RMC No. 50-2018, a new tax treatment was prescribed for premium on health card paid by the employers for their employees.