Reminder on the submission of the Related Party Transaction (RPT) Form due on April 2023 for calendar year taxpayers and Preparation of Transfer Pricing Documentation

08 Mar 2023

This Tax Alert is issued to remind all concerned taxpayers for the submission of the Related Party Transaction (RPT) Form due on the April 2023 for the calendar year ended December 31, 2022 and preparation of the Transfer Pricing Documentation (TPD).

Reminder on the filing of the Request for Confirmation (RFC) and Tax Treaty Relief Application (TTRA) due on April 30, 2023 for calendar year taxpayers

07 Mar 2023

This Tax Alert is issued to remind all concerned taxpayers of the April 30, 2023 deadline for the application of request for confirmation (RFC), tax treaty relief application (TTRA) and updating of long-term contracts covering income payments to non-residents during the calendar year ended December 31, 2022.

SEC 2023 Extension of Deadlines for the 2023 Filing of Annual Financial Statements

02 Mar 2023

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC or the Commission) Memorandum Circular No 01 (MC/the Circular) series of 2023 dated March 1, 2023.

Navigating the Changes to International Financial Reporting Standards 2023 Edition

22 Feb 2023

This Accounting Alert is issued to circulate Grant Thornton's Navigating the Changes to International Financial Reporting Standards 2023 Edition, a publication designed to give preparers and reviewers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.

Required online registration of books of accounts via ORUS

01 Feb 2023

This Tax Alert is issued to inform all concerned on the policies and guidelines on the new requirement to register all books of accounts online using the BIR Online Registration and Update System (ORUS) facility.