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Deadline for the Submission of BIR Form 2316 to BIR extended to March 31, 2024

28 Feb 2024

This Tax Alert is issued to inform all concerned on the extension of deadline for the submission of BIR Form 2316 or the Certificate of Compensation Payment/Tax Withheld to BIR from February 28, 2024 to March 31, 2024.

Extension of Deadline for the Submission of Alphalist of Employees/Payees from Whom Taxes Were Withheld for taxable year 2023

21 Feb 2024

This Tax Alert is issued to inform all concerned on the extension of deadline for the submission of Alphabetical List of Employees/Payees from Whom Taxes Were Withheld (alphalist).

Clarifications on the accounting and tax treatment of leases

06 Feb 2024

This Tax Alert is issued to inform all concerned on the clarifications on the differences between the accounting treatment of leases under Philippine Financial Reporting Standard (PFRS) 16 and the tax treatment of leases under the Tax Code of 1997, as amended, and related revenue issuances, on the part of the lessee.

Clarifications on the accounting and tax treatment of foreign currency transactions

02 Feb 2024

This Tax Alert is issued to inform all concerned on the clarifications on the differences between the treatment of foreign exchange (forex) gains/losses recognized in the financial statements prepared under the Philippine Financial Reporting Standards (PFRS) /Philippine Accounting Standards (PAS) and the forex gains/losses recognized as income or allowable deductions for income tax purposes pursuant to Tax Code of 1997, as amended, and related revenue issuances.

Submission of 2023 Alphalist of Employees extended until February 28, 2024

26 Jan 2024

This Tax Alert is issued to inform all the concerned of the extension of the deadline of submission of the alphalist of employees as attachment to BIR Form 1604-C for the taxable year 2023 from January 31, 2024 to February 28, 2024.