SEC Memorandum Circular No. 34 series of 2020

05 Jan 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) Memorandum Circular (MC) No. 34-2020 dated December 15, 2020 on the deferral of certain unresolved provisions of Philippine Interpretations Committee Question & Answer (PIC Q&A) No. 2018-12 and IFRS Interpretations Committee (IFRIC) Agenda Decision on Over Time Transfer of Constructed Goods for Real Estate Industry.

SEC Memorandum Circular No. 35 series of 2020

05 Jan 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) Memorandum Circulars (MC) No. 35-2020 dated December 28, 2020 on the financial reporting relief provided to Financing Companies (FC), Lending Companies (LC), and Microfinance-NGOs (MF-NGOs) in light of COVID-19 pandemic.

SEC Memorandum Circular No. 33 series of 2020

04 Jan 2021

This Accounting Alert is issued to circulate the new circular by the Securities and Exchange Commission (SEC) on the amendments to the implementing rules and regulations of the Invesment Company Act, as amended, under SEC Memorandum Circular (MC) No. 33-2020.

Extension of Deadline for Submission of Forms/Notices

29 Dec 2020

This Accounting Alert is issued to circulate the Securities and Exchange Commision (SEC) Notice dated December 28, 2020 on the extension of deadline for submission of forms and notices pursuant to SEC Memorandum Circular No. 28-2020.

Utilization of 5% Tax Credit Prescribed under PERA Act of 2008

28 Dec 2020

This Tax Alert is issued to inform all concerned on the following guidelines to utilize the 5% income tax credit on the actual PERA contribution: