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Implementation of the Tax Exemptions of Donation of Imported Capital Equipment, Raw Materials, Spare Parts, or Accessories Directly and Exclusively Used by Registered Business Enterprises

04 Jan 2024

This Tax Alert is issued to inform all concerned on the tax exemptions of donation of imported capital equipment, raw materials, spare parts, or accessories, which were granted tax and customs duty exemption, by registered business enterprises to the TESDA, state universities, and colleges (SUCs), or DepEd and CHED-accredited schools in pursuant to Section 295(C)(2)(e) in relation to Section 101 (A)(2) of the Tax Code, as amended by RA No. 11534 or CREATE Law.

2023年11月号

11 Dec 2023

2023年11月号 フィリピン移転価格税制:産業分析の理解と文書化について

December 2023 Hyperinflationary update

07 Dec 2023

This Accounting Alert is issued to circulate the IFRS alert regarding the December 2023 Hyperinflationary update where Ghana, Sierra Leone, and Haiti are now countries to be considered as hyperinflationary.

Insights into PFRS 3, Business Combination

17 Nov 2023

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 3, Business Combination highlighting the aspects that are challenging to interpret and apply in practice. This includes the present guidance on PFRS' requirements for recognizing and measuring non-controlling interests (NCI), determining and measuring the amount of consideration transferred, and determining what is part of a business combination in cases where there are other transactions and arrangements between parties.

SEC MC No. 21-2023 - Amended Guidelines on Asset Valuations for SEC-accredited Appraisal Companies or PSOs

16 Nov 2023

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 21-2023 dated November 14, 2023.