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Reinstatement of CL No. 2016-55

08 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter (CL) 2024-11 dated April 17, 2024.

Implementation of the Amendments introduced by EOPT Act on Tax Refunds

08 May 2024

This Tax Alert is issued to inform all concerned on the implementation of the amendments introduced by EOPT Act on the risk-based approach in verifying VAT refund claims, liabilities in case of disallowance by the Commission on Audit (COA), refund of unutilized excess income tax credit in case of dissolution or cessation of business, processing of tax refund, and policies for judicial claims.

Discount Rates for Life and Non-life Insurance Policy Reserves and Reserves for Long-Term Contracts of Health Maintenance Organizations (HMO) as of 31 March 2024

06 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter No. 2024-09 dated April 12, 2024.

Guidelines for Cornerstone Investors in Initial Public Offerings

06 May 2024

This Accounting Alert is issued to circulate SEC Memorandum Circular No. 8 dated April 11, 2024 which provides guidelines for cornerstone investors which have been a feature in some Initial Public Offerings (IPO) in the Philippines and in various jurisdictions.

Implementation of the amendments introduced by EOPT Act on the Classification of Taxpayers and Administrative Penalties

02 May 2024

This Tax Alert is issued to inform all concerned on the implementing rules and regulations to implement the amendments on the classification of taxpayers and the reduced administrative penalties on certain taxpayers, pursuant to Republic Act No. 11976, also known as Ease of Paying Taxes (EOPT) Act.