Tax Updates
CTA CASES ON BIR’S PRIOR APPLICATION FOR ZERO-RATING, VOID WARRANT OF DISTRAINT/LEVY DUE TO PENDING APPEAL BEFORE THE CIR, IMPORT PERMIT ON IMPORTATION OF RICE, UNDECLARED PURCHASES LEADING TO INCOME TAX ASSESSMENT, COVERAGE OF 5% GROSS INCOME TAX OF A PEZA-REGISTERED ENTITY
BIR CLARIFIES THE ISSUANCE & ENFORCEMENT OF SUBPOENA DUCES TECUM
BIR CIRCULARIZES INFORMATION MATERIALS IN THE FILING BIR FORMS 1701, 1701A & 1702-RT
SEC GRANTS AMNESTY FOR NON-FILING & LATE FILING OF THE GENERAL INFORMATION SHEET (GIS) & ANNUAL FINANCIAL STATEMENTS (AFS)
WEEKLY TAX UPDATES [MAR 14] BIR on non-deductible purchases & input VAT from Cannot Be Located Taxpayers
SEC EXTENDS THE DEADLINE FOR THE FILING OF THE 2023 AFS
SUPREME COURT CASES ON THE BIR’S ALPHALISTING REQUIREMENT, REFUND OF LOCAL BUSINESS TAX OF A TOLLWAY OPERATOR & ERRONEOUS INCLUSION OF A DEAD PERSON AS AN INCORPORATOR
Relevant Laws and Other
Regulatory Updates
TSG UPDATES 2019-016 (SEC): REVISED SECURITIES REGULATION CODE (SRC) RULE 68
On August 19, 2019, the Commission En Banc approved the latest revision of the Securities Regulation Code Rule which states the financial statement requirements (form and content) among covered corporations.
TSG 2018-034 (BSP) Circular No. 1004: Reduction in Reserve Requirements
On May 24, 2018, the Bangko Sentral ng Pilipinas (BSP) released Circular 1004 which announced the 100 basis-points Reduction in Reserve Requirements
TSG 2018-032 (BSP) Circular No. 1002
On April 20, 2018, the Securities and Exchange Commission (SEC) released Memorandum Circular No.
7 Series