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Deferred Tax related to Assets and Liabilities arising from a Single Transaction

07 Jun 2021

This Accounting Alert is issued to circulate to give insights on the treatment of deferred tax related to assets and liabilities arising from a single transaction.

SEC Extension on the Submission of Forms/Notices Pursuant to MC 28-2020

26 May 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) notice dated May 7, 2021 for the extension of the submission of forms/notices pursuant to Memorandum Circular (MC) No. 28, series of 2020 (i.e., creation/designation of e-mail account addresses and mobile numbers for transactions with the Commission).

Extension of the Deadline for the Submission of Annual Reports for the Calendar Year Ended December 31, 2020 and Quarterly Report as of March 31, 2021

26 May 2021

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC/Commission) notice dated May 18, 2021 for the extension of the deadline for the submission of annual reports for the calendar year ended December 31, 2020 and quarterly report as of March 31, 2021 of publicly-listed companies, issuers of registered securities and public companies.

Enhancements to the Bangko Sentral ng Pilipinas Operational Relief Measures

03 May 2021

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2021-29 dated April 30, 2021 for the enhancements to the BSP operational relief measures.

IC Extension of Periods for Filing and Submission of Documentary Requirements of All Non-Life Insurance and Professional Reinsurance Companies

19 Apr 2021

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter (CL) No. 2021-30 dated April 13, 2021 on the amendment to CL No. 2021-24 on the extension of periods for filing and submission of regulatory documentary requirements of all non-life insurance and professional reinsurance companies.