Insights into PFRS 8 - Other Application Issues

18 Oct 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 8, Operating Segments, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PFRS 8 and revisit some areas where confusion has been seen in practice.

Insights into PFRS 8 - Entity Wide Disclosures

17 Oct 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 8, Operating Segments, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PFRS 8 and revisit some areas where confusion has been seen in practice.

Equity-based compensation paid to either rank-and-file and managerial/supervisory employees are subject to withholding tax on compensation

14 Oct 2022

This Tax Alert is issued to inform all concerned on the lifting of the suspension of the field audit and other field operations on all outstanding Letters of Authority/Audit Notices and Letter Notices per request of the Investigating Office.

30:70 WFH arrangement for IT-BPM RBEs extended until December 31, 2022; transfer of registration from PEZA to BOI of existing RBEs in the IT-BPM sector allowed

06 Oct 2022

This Tax Alert is issued to inform all concerned on the lifting of the suspension of the field audit and other field operations on all outstanding Letters of Authority/Audit Notices and Letter Notices per request of the Investigating Office.

BSP Circular 1151 Amendments to the Minimum Capitalization of Rural Banks

06 Oct 2022

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular 1151 (the Circular) dated August 24, 2022.