Amendment of returns prior to extended deadlines - no penalties for additional payment, carry-over of overpayment

08 Apr 2020

This Tax Alert is issued to inform all concerned on the following additional guidelines for the filing and payment of taxes before the extended deadlines provided under Revenue Regulations No. 07-2020.

Guidelines on Filing SEC Form 17-LC and 17-C Report

07 Apr 2020

This accounting alert circulates the adopted guidelines and procedures by the SEC for the filing of SEC Form 17-LC and 17-C report in lieu of reports previously required by SEC Memorandum Circular (MC) No. 5, s. 2020.

Available Tax Relief during the state of national emergency due to COVID-19

07 Apr 2020

This Tax Briefer is prepared to inform all concerned taxpayers on the available tax relief/ exemptions during the period of state of national emergency due to COVID-19 as provided in the Bayanihan to Heal as One Act (RA 11469), and implemented in RR Nos. 06 – 08, 2020, RMO No. 10-2020, RMC No. 35-2020, and CAO No. 07-2020.

COVID-19: Financial Reporting and Disclosures

06 Apr 2020

This accounting alert is issued to provide detailed consideration of assessing the financial impact and required disclosures in relation to COVID-19.

Reduction in Reserve Requirements

03 Apr 2020

This accounting alert provides a summary of Bangko Sentral ng Pilipinas (BSP) Circular No. 1082 for the reduction in the reserve requirement ratios of deposit and deposit substitutes.