Refunding input VAT upon dissolution or change of VAT status
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Accounting for cryptocurrency assets does not fit easily within the IFRS framework. For reasons which we will explain, our view is that in the majority of cases, it will be appropriate to account for them in accordance with IAS 38 ‘Intangible Assets’ either at cost or at revaluation.
Outsourcing Brief Q1 2018
This Tax Alert is issued to inform all concerned on the amended rules on creditable withholding tax on professional, talent and commission fees payable to individual payees.
MANILA, Philippines — He did not always want to be an accountant. “Not really,” says Romualdo “Boyet” Murcia III, a partner in the Audit and Assurance Division of P&A Grant Thornton, one of the leading audit, tax, advisory and outsourcing firms in the country.
Business optimism in the Philippines have dropped by 12 percentage points in the first quarter this year to 74 percent from 86 percent in the fourth quarter in 2017, but the country ranked third highest in optimism among Asian countries, according to global research from Grant Thornton’s International Business Report (IBR).
BUSINESS OPTIMISM in the Philippines weakened sharply in the first quarter of 2018, according to global research firm Grant Thornton’s International Business Report (IBR), which attributed this to a drop in employment and profitability expectations.