Revised BIR Form No. 2200-M is now available for download in BIR website (www.bir.gov.ph) under BIR Forms-Excise Tax Return Section

30 Aug 2023

This Tax Alert is issued to inform all concerned taxpayers, revenue officials and employees that the newly revised BIR Form No. 2200-M [Excise Tax Return for Mineral Products] January 2018 (ENCS) v2 hereto attached as Annex “A” is already available for download in BIR website (www.bir.gov.ph) under BIR Forms-Excise Tax Return Section.

Clarifications on VAT zero-rating of Registered Export Enterprises (REEs) and Other Entities Granted with VAT Zero-Rate Incentives under Special Laws and International Agreements

30 Aug 2023

This Tax Alert is issued to inform all concerned on the clarifications on the provisions of Revenue Regulations (RR) No. 3-2023 and certain issues and concerns pertaining to transactions with other entities granted with VAT zero-rate incentives on local purchases under special laws and international agreements.

ISSB unveils first-ever Sustainability Disclosure Standards

11 Aug 2023

The International Sustainability Standards Board (ISSB) released its first-ever sustainability standards – IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures (the Standards) on June 26, 2023. This signifies a momentous turning point in the sustainability reporting landscape, aiming to establish a global common language for sustainability reporting.

Deadline for the replacement of the Ask for Receipt Notice (ARN) with the Notice to Issue Receipts/Invoice (NIRI) now extended until September 30, 2023

11 Jul 2023

This Tax Alert is issued to inform all concerned on the extension of deadline for the replacement of the old Ask For Receipt Notice (ARN) with the new Notice to Issue Receipts/Invoice (NIRI).

Further Extension of the Deadline for Amnesty Applications and Streamlining of the Application Process

05 Jul 2023

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 9-2023 dated June 30, 2023, Further Extension of the Deadline for Amnesty Applications under SEC Memorandum Circular No. 2, Series of 2023, and Streamlining of the Application Process.