Insights into PAS 36 - Value in use: Estimating Future Cash Inflows and Outflows

29 Sep 2022

This Accounting Alert is issued to provide an overview of Philippine Accounting Standard (PAS) 36, Impairment of Assets, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PAS 36 and revisit some areas where confusion has been seen in practice.

Filing and payment of BIR Forms 2550M, 2550Q and 2551Q, as well as submission of reportorial documents due on September 26, 2022, extended to September 27, 2022

27 Sep 2022

This Tax Alert is issued to inform all concerned taxpayers on the extension of filing and payment of returns, and submission of reportorial requirements due on September 26, 2022.

Insights into PFRS 3 - Reverse Acquisitions outside Scope

23 Sep 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 3, Business Combinations, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact reporting entities.

Insights into PFRS 3 - Reverse Acquisitions within Scope

22 Sep 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 3, Business Combinations, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact reporting entities.

Clarifications on the removal of the 5-year validity period on receipts/invoices

31 Aug 2022

This Tax Alert is issued to inform all concerned of the clarifications on the removal of the 5-year validity period on all manual and system generated principal and supplementary invoices and receipts pursuant to Revenue Regulations No. 6-2022, in line with the “Ease of Doing business and Efficient Government Service Delivery Act of 2018”.