Tax Updates

SC: Only Authorized Representatives of Taxpayer May Receive BIR Assessment Notice

DoLE issues 2024 holiday pay rules

BIR Suspends all audit and other field operations

Digital TIN ID now available — BIR

SC issues guidelines on prosecution of criminal acts for tax law

BIR wins tax case versus San Miguel

SEC issues guidelines on corporate delinquency status

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