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Updates on Government Mandated Benefits (February)

22 Feb 2019

SSS Rationalization Act Republic Act No. 11199 or an “Act rationalizing and expanding the powers and duties of the Social Security Commission (SSC) to ensure long-term viability of the Social Security System” was signed by the President on Feb. 7, 2019. SSS members and employers will gradually contribute more from 11% to 12% this 2019 until it reaches 15% in 2025, and provide mandatory SSS coverage of OFWs.

GTI IFRS News Q1 2019

21 Feb 2019

This Accounting Alert is issued to provide quarterly update on all things relating to International Financial Reporting Standards (IFRS). We'll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

Application Deferral of PIC Q&A 2018-H and 2018-14

21 Feb 2019

This accounting alert discusses the application deferral of PIC Q&A 2018-12-H and 2018-14, as approved by the Securities and Exchange Commission (SEC) through Memorandum Circular No. 3, dated February 15, 2019.

Sustainability Reporting Guidelines for Publicly-Listed Companies

21 Feb 2019

On 18 February 2019, the Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 4, Sustainability Reporting Guidelines for Publicly-Listed Companies (the Guidelines), to promote sustainability reporting and make it relevant for Philippine publicly-listed companies (PLCs).

Insights into PFRS 16: Sale and Leaseback Accounting

20 Feb 2019

This Accounting Alert is issued to provide a discussion on the significant changes to sale and leaseback accounting as introduced by PFRS 16.