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FIRB now allows 30% of the total workforce of RBEs in the IT-BPM sector to work offsite from April 1, 2022 until September 12, 2022

21 Jul 2022

This Tax Alert is issued to inform all concerned on the resolution of the Fiscal Incentives Review Board (FIRB) further allowing Registered Business Enterprises (RBEs) in the Information Technology – Business Process Management (IT-BPM) sector to adopt a work-from-home (WFH) arrangement.

Insights into PFRS 3 - Reverse Acquisitions Explained

15 Jul 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 3, Business Combinations, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact reporting entities.

Prescribed template for sworn declaration required from RBEs to avail VAT zero-rating now available

12 Jul 2022

This Tax Alert is issued to inform all concerned on the prescribed template for sworn declaration to be executed by Registered Business Enterprises (RBEs) for their local suppliers of goods and services to avail of the VAT zero-rating incentive.

Insights into PFRS 3 - The Acquisition Method

08 Jul 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 3, Business Combinations, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact reporting entities.

Implementation of electronic receipts/invoices and electronic sales data transmission required for identified taxpayers

01 Jul 2022

This Tax Alert is issued to inform all concerned on the implementation of the required issuance of electronic receipts or invoices in lieu of manual receipts or invoices for certain identified taxpayers, pursuant to Sections 237 and 237-A of the Tax Code, as amended by RA 10963 or the TRAIN Law.