Guidelines on the Electronic Submission of the Annual Report and Audited Financial Statements to BSP

17 Jul 2020

This Accounting Alert is issued to circulate the recent memorandum issued by the Bangko Sentral ng Pilipinas (BSP) relative to the submission of Annual Report (AR) and Audited Financial Statements (AFS) of banks by electronic means.

IASB Defers the Effective Date of IAS 1 Amendments

17 Jul 2020

This Accounting Alert is issued to circulate the deferral of amendments to IAS 1 by the International Accounting Standards Board (IASB).

Filing of Annual Reports During the Temporary Closure of the SEC Main Office until July 26, 2020

13 Jul 2020

This Accounting Alert is issued to circulate the recent notice issued by the SEC to announce adjusted deadlines and modes of filing accepted by the SEC until July 26, 2020.

Work Suspension at the SEC Main Office and Extension of Deadlines for Certain Corporations

11 Jul 2020

This Accounting Alert is issued to circulate the recent notice issued by the SEC to announce the suspension of work and extension of deadlines for select corporations.

Submission of BIR Form 1709 and transfer pricing documentation for related party transactions now required

10 Jul 2020

This Tax Alert is issued to inform all concerned on the new BIR requirement to submit Information Return on Related Party Transactions (BIR Form 1709) and its supporting documents, as attachment to the Annual Income Tax Return (ITR), effective July 25, 2020.