Temporary measures to support BOI registered RBEs which were adversely affected by Typhoon Odette

21 Jul 2022

This Tax Alert is issued to inform all concerned on the granting by the Fiscal Incentives Regulations Board (FIRB) to the Board of Investments (BOI) authority to implement temporary measures for Registered Business Enterprises (RBEs) in Regions IV-B (MIMAROPA), VI (Western Visayas), VII (Central Visayas), VIII (Eastern Visayas), X (Northern Mindanao), and XIII (CARAGA) following the onslaught of Typhoon Odette.

FIRB now allows 30% of the total workforce of RBEs in the IT-BPM sector to work offsite from April 1, 2022 until September 12, 2022

21 Jul 2022

This Tax Alert is issued to inform all concerned on the resolution of the Fiscal Incentives Review Board (FIRB) further allowing Registered Business Enterprises (RBEs) in the Information Technology – Business Process Management (IT-BPM) sector to adopt a work-from-home (WFH) arrangement.

Insights into PFRS 3 - Reverse Acquisitions Explained

15 Jul 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.

Prescribed template for sworn declaration required from RBEs to avail VAT zero-rating now available

12 Jul 2022

This Tax Alert is issued to inform all concerned on the prescribed template for sworn declaration to be executed by Registered Business Enterprises (RBEs) for their local suppliers of goods and services to avail of the VAT zero-rating incentive.

Insights into PFRS 3 - The Acquisition Method

08 Jul 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.