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IC Guidelines on the Online Submission of 2020 AFS and Attachments for Insurance and Reinsurance Brokers

07 Apr 2021

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter No. 2021-23 dated March 31, 2021 on the guidelines for the online submission of 2020 audited financial statements (AFS) and attachments for insurance and reinsurance brokers.

NCR Plus Areas Taxpayers: Extended deadline for filing of letters and correspondences in relation to on-going BIR audit investigations falling due on April 5, 2021 and during the ECQ period, and further extension for filing of VAT refund application

06 Apr 2021

This Tax Alert is issued to inform all concerned taxpayers on the extended deadline for filing of letters, replies, position papers, protests, and documents related to on-going BIR audit investigations falling due on April 5, 2021 and during the Enhanced Community Quarantine (ECQ) period, and further extension for the filing of VAT refund with VCAD, for taxpayers registered with RDOs in NCR Plus areas, and other taxpayers who are outside NCR Plus areas but who have transactions with RDOs in the NCR Plus areas.

2020 AITR still due on April 15, 2021 but may be amended until May 15, 2021; e-signature now allowed for all returns and attachments; availability of eAFS facility

06 Apr 2021

This Tax Alert is issued to inform all concerned taxpayers to clarify the filing deadline for the calendar year (CY) 2020 Annual Income Tax Return (AITR), the use of electronic signature, and reiteration of the use of eAFS facility in submitting electronically filed AITR and its attachments.

SEC Extension of Deadline for the Submission of General Information Sheet for 2021

05 Apr 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) notice dated March 31, 2021 on the extension of deadline for the submission of General Information Sheet (GIS) for 2021.

Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act

30 Mar 2021

This Tax Alert is issued to inform all concerned on the significant provisions of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act or Republic Act (RA) No. 11534 as approved by President Rodrigo Duterte.