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Updated Fines and Penalties on the Late and Non-submission of AFS, GIS, and Non-compliance with SEC MC 28-2020

08 Apr 2024

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 6-2024 dated March 27, 2024, which covers the updated fines and penalties on the late and non-submission of audited financial statements (AFS), General Information Sheet (GIS), and non-compliance with SEC MC 28-2020.

Authorized Agent Banks (AABs) open on April 6 and 13, 2024 and extend banking hours to 5:00 P.M. for the period April 1-15, 2024 to accept tax returns/payments

04 Apr 2024

This Tax Alert is issued to inform all concerned taxpayers that in accordance with Memorandum of Agreement executed by the Authorized Agent Banks (AABs), Bureau of Internal Revenue (BIR), and the Bureau of the Treasury, AABs are open on two (2) consecutive Saturdays prior to April 15, i.e. April 6 and 13, and extend its banking hours from 3:00pm to 5:00pm for the period of April 1 to April 15, 2024 to accept tax returns/payments of internal revenue taxes.

Creation of Manual of Regulations for Payment Systems (MORPS)

26 Mar 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1191 dated March 14, 2024 which discusses the manual of regulations for payment systems (MORPS).

Revised Guidelines in the Computation of Annual Supervision Fee under Section 28 of the Republic Act (R.A.) No. 7653 or “The New Central Bank Act” as Amended by R.A. No. 11211

25 Mar 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1190 dated February 29, 2024 which discusses the revisions on the computation of Annual Supervisory Fees (ASF) of BSP Supervised Financial Institutions (BSFIs).

Guidelines on the Philippine Sustainable Finance Taxonomy

25 Mar 2024

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1187 dated February 21, 2024, and Securities and Exchange Commission (SEC) Memorandum Circular No. 5-2024 dated February 23, 2024, which both discuss the "Philippine Sustainable Finance Taxonomy Guidelines (SFTG)".