Clarifications on the proper modes of service of eLAs

08 Oct 2020

This Tax Alert is issued to inform all concerned on the clarifications on the proper modes of service of an electronic Letter of Authority (eLA).

Availability of BIR Form Nos. 2119 and 0622

08 Oct 2020

This Tax Alert is issued to inform all concerned on the availability of BIR Form Nos. 2119 (Voluntary Assessment and Payment Program (VAPP) Application Form) and 0622 (VAPP Payment Form), in relation to the implementation of VAPP under Revenue Regulations No. 21-2020.

IFRIC 23 - Uncertainty Over Income Tax Treatments

08 Oct 2020

This Accounting Alert is issued to provide guidance on uncertainty over income tax treatments.

IASB issues Interest Rate Benchmark Reform Phase 2

08 Oct 2020

This Accounting Alert is issued to circulate the new amendments published by the International Accounting Standards Board (IASB) on Interest Rate Benchmark Reform in response to the ongoing reform of interest rate benchmarks around the world.

NOLCO from 2020 and 2021 can be carried over for the next 5 years

02 Oct 2020

This Tax Alert is issued to inform all concerned on the longer period for claiming net operating losses carry over (NOLCO) from taxable years 2020 and 2021.