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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)".

Clarifications on the Issues Raised on the Proper Tax Treatment of Cross Border Services per Revenue Memorandum Circular No. 5-2024

21 Mar 2024

This Tax Alert is issued to inform all concerned on the clarifications on issues raised on the proper tax treatment of cross border services as provided in Revenue Memorandum Circular (RMC) No. 5-2024, in light of the Supreme Court en Banc Decision in Aces Philippines Cellular Satellite Corp. v. CIR, GR No. 226680, dated August 30, 2022.

Updated Manual of Regulations for Banks (MORB) and Non-Bank Financial Institutions (MORNBFI) as of 31 December 2021

20 Mar 2024

This Accounting Alert is issued to circulate BSP Circular No. 1189 dated February 8, 2024 which summarizes the amendments to the MORB and MORNBFI.

Amendments to Persons Exempted from Attending Seminar on Corporate Governance for Board of Directors

18 Mar 2024

This Accounting Alert is issued to circulate BSP Circular No. 1188 dated February 1, 2024.