Amendments on VAT zero-rated sale of goods and services; VAT zero-rating incentive for registered business enterprises

15 Dec 2021

This Tax Alert is issued to inform all concerned on the amendments on VAT zero-rated sale of goods and services to registered business enterprises pursuant to Republic Act No. 11534, also known as the CREATE Act.

Reminder on renewal of 2022 LGU registration

10 Dec 2021

This Tax Alert is issued to remind all concerned on the required renewal of local government unit (LGU) registration for taxable year 2022.

Reminder on request for confirmation required for availing tax treaty benefits on 2020 and prior year income payments due on December 29, 2021

15 Nov 2021

This Tax Alert is issued to remind all concerned taxpayers on the requirement for availing tax treaty benefits as provided under Revenue Memorandum Order (RMO) No. 14-2021 and Revenue Memorandum Circular No. 77-2021.

PIC Financial Reporting Guidance (June 2021 Edition)

11 Nov 2021

This Accounting Alert is issued to circulate Philippine Interpretations Committee (PIC) June 2021 edition of the Financial Reporting Guidance (FRG).

Implementation of LIBOR Transition Plan and Extension of Reporting Requirements on LIBOR-Related Exposures

10 Nov 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2021-58 dated October 26, 2021 on the implementation of LIBOR transition plans and extension of reporting requirements on LIBOR-related exposures.