Repeal of Tax on Shares of Stock Sold or Exchanged Through IPO

02 Oct 2020

This Tax Alert is issued to inform all concerned on the implementing rules and regulations of the repeal of the tax on Initial Public Offering (IPO) of shares of stocks under the Bayanihan to Recover as One Act (Republic Act No. 11494) or the Bayanihan II.

DST exemption of loan term extensions and credit restructuring pursuant to relief for loans falling due on or before December 31, 2020

02 Oct 2020

This Tax Alert is issued to inform all concerned on the exemption from documentary stamp tax (DST) of loan term extensions or credit restructuring pursuant to Bayanihan to Recover as One Act (Republic Act No. 11494) or the Bayanihan II.

COVID-19 Going Concern Considerations

18 Sep 2020

This Accounting Alert is issued to provide guidance in improving disclosures on going concern.

Notice of Discrepancy to replace Notice of Informal Conference in tax assessments

18 Sep 2020

This Tax Alert is issued to inform all concerned on the issuance of Notice of Discrepancy relative to the due process requirement in tax assessments.

Further extensions on the deadline of submission of BIR Form 1709 and supporting documents

15 Sep 2020

This Tax Alert is issued to inform all concerned on the extended deadline of submission of Information Return on Related Party Transactions (BIR Form 1709) and its supporting documents for taxpayers with fiscal years ending March 31, 2020 to November 30, 2020. For the submission for calendar year ending December 31, 2020, the deadline shall be April 30, 2021.