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Regulatory Relief on the Non-imposition of Sanction for Breach in Single Borrower's Limit by Certain Foreign Bank Branches

19 Jan 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2021-002 dated January 4, 2021 on the regulatory relief on the non-imposition of sanction for breach in single borrower's limit (SBL) by foreign bank branches established prior to Republic Act (R.A.) No. 10641 or the Foreign Bank Entry Liberalization Act.

Guidelines on the Electronic Submission of Report on Reclassification of Debt Securities Out of Fair Value Category

19 Jan 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2021-003 dated January 8, 2021 on the guidelines on the electronic submission of report on reclassification of debt securities (RRDS) out of the fair value category for all BSP-Supervised Financial Institutions (BSFIs).

Availability of new Alphalist Data Entry and Validation Module (Version 7.0)

13 Jan 2021

This Tax Alert is issued to inform all concerned on the availability of the new Alphalist Data Entry and Validation Module (Version 7.0).

Clarifications on the suspension of enlisting and delisting of Large Taxpayers

13 Jan 2021

This Tax Alert is issued to inform all concerned on the guidelines on the suspension of enlisting and delisting of Large Taxpayers by the Bureau of Internal Revenue (BIR).

Streamlined process on the application for registration of CAS/CBA

13 Jan 2021

This Tax Alert is issued to inform all concerned on the following streamlined procedures in the application for registration of Computerized Accounting System (CAS), Computerized Books of Accounts (CBA) and/or its components, including Electronic Storage System (ESS), Middleware and other similar systems.