Venue for refund of CWT / CGT on sale of real properties

25 Jul 2018

This Tax Alert is issued to inform all concerned on venue for processing of claims for refund of erroneously paid Creditable Withholding Tax (CWT)/ Capital Gains Tax (CGT)on sale of real properties.

Accounting for Crypto Assets

24 Jul 2018

This Accounting Alert follows an earlier IFRS Viewpoint entitled "Accounting for Cryptocurrencies - The Basics" which was issued on May 17, 2018.

Refiling and/or amending of 1st Quarter BIR Forms 1601EQ/1601FQ by eFPS-users

06 Jun 2018

This Tax Alert is issued to inform all concerned on the remedy for issues encountered by eFPS users who filed the Quarterly Remittance Returns of CWT and FWT (BIR Forms 1601EQ and 1601FQ, respectively) prior to April 26, 2018 and May 3, 2018.

Taxation of Self-employed/Professional Individuals under TRAIN LAW

25 May 2018

This Tax Alert is issued to inform all concerned on the updated implementing rules and regulations on the taxation of self-employed and professional individuals.

Accounting for Cryptocurrencies

17 May 2018

Accounting for cryptocurrency assets does not fit easily within the IFRS framework. For reasons which we will explain, our view is that in the majority of cases, it will be appropriate to account for them in accordance with IAS 38 ‘Intangible Assets’ either at cost or at revaluation.