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25 May 2015

Tax Alert No. 30 (25 May 2015)

Extension of the period of optional use by PEZA enterprises of the BOC's e2m Transshipment System for Import Cargoes

22 May 2015

Tax Alert No. 29 (22 May 2015)

Implementation and use of LRA's PHILARIS for automated verification of eCARs

20 May 2015

BIR’s power to interpret tax laws is not absolute (Taxwise, 21 May 2015)

Inherent in the three branches of our government are three core powers granted by the 1987 Philippine Constitution. The authority to make laws and to alter or repeal them is conferred on the Legislative Department. The implementation of laws is charged to the Executive Department. The power to interpret laws, to hear and decide cases when disputes arise, lies with the Judiciary. The existence of these independent co-equal bodies is a fundamental characteristic of a democratic government.

18 May 2015

Maria Elisa Elviña-De Lara (Alumni profile)

Alumni profile: Maria Elisa Elviña-De Lara

13 May 2015

Culture works (Taxwise, 14 May 2015)

The sun feels closer to us in the summer. The life-giving sun brings about the summer splendor of the Philippines. It also sparks insights for this sequel to the article “Finding the core of an ethics program” I wrote under this column last year.

7 May 2015

Tax Alert No. 27 (7 May 2015)

Clarifying provisions of RR No. 2-2015 on Submission of Copies of BIR Form Nos. 2307 and 2316

7 May 2015

Tax Alert No. 28 (7 May 2015)

Alternative Mode in filing several BIR Forms using the Electronic Platforms of BIR and Re-efiling of all other forms

6 May 2015

VAT treatment of PEZA ‘drop-off’ exports (Taxwise, 7 May 2015)

On July 5, 2002, the Philippine Economic Zone Authority (PEZA) issued Memorandum Circular (MC) No. 2002-015 providing for the treatment of “Drop-Off” exports of economic zone export-producer enterprises with respect to taxes and duties to be paid to the Bureau of Customs (BoC).

4 May 2015

Accounting for leave credits: A deeper understanding of (PAS) 19 – Employee Benefits (CAL April 2015)

Why PAS 19? Philippine Accounting Standard (PAS) 19 applies to all types of employee benefits, although it is in the area of accounting for defined benefit pension plans that PAS 19 results in most complexity.

30 April 2015

Tax Alert No. 26 (30 April 2015)

Alternative Mode in filing BIR Form Nos. 1601-C and 1601-E using the Electronic Platforms of BIR

28 April 2015

Points to keep in mind when computing for corporate life (Taxwise, 29 April 2015)

THE LAW defines a corporation as an artificial being created by operation of law having the rights, powers, attributes and properties expressly authorized by law or incident to its existence. The very law which gives its life also dictates its demise by giving it a maximum period of 50 years unless shortened or extended. The corporate term is required to be expressly indicated in the corporation’s Articles of Incorporation (AOI) and may be shorter but may not be more than 50 years at any given time. It may, however, be extended several times.

26 April 2015

Isla Lipana & Co. makes presence felt at NFJPIA's 32nd ANC (News, April 2015)

The National Federation of Junior Philippine Institute of Accountants (NFJPIA) held its 32nd Annual National Convention (ANC) from 27 to 30 April at the Bayfront Hotel, Cebu City.

26 April 2015

Cholo Domondon shares mining insights at the 7th Nickel Global 2015 (News, April 2015)

Assurance Director Pocholo 'Cholo' Domondon was one of the presenters during the first day of the 7th Nickel Global held from 30 to 31 March 2015 at the Hotel InterContinental Manila.

22 April 2015

Triple taxation (Taxwise, 23 April 2015)

It is possible.

22 April 2015

Geraldine H. Apostol (Risk Assurance Partner)

Profile of Risk Assurance Partner, Geraldine H. Apostol

21 April 2015

PwC Consulting conducts seminar on fraud and economic crime for Japanese companies (News, April 2015)

PwC Consulting (Philippines) Inc. conducted a seminar on fraud and economic crime for Japanese clients last 22 April 2015.

20 April 2015

JA Philippines holds 46th Grand Awards Night (News, April 2015)

The Junior Achievement of the Philippines, Inc. (JAPI), a member of Junior Achievement (JA) Worldwide, recently held its 46th Grand Awards Night at the Philippine Trade Training Center in Pasay City.

20 April 2015

Tax Alert No. 25 (20 April 2015)

Alternative Mode in filing BIR Form Nos. 2551M, 2551Q, 2550M and 2550Q using the Electronic Platforms of BIR

15 April 2015

Easy money (Taxwise, 216 April 2015)

The specter of a deflationary spiral or economic crash has set most central banks around the world to embark on what seems to be a one-way trip: Quantitative Easing or “QE” for short. After the Bank of Japan, the Federal Reserve, the Bank of England and even the People’s Bank of China, it was recently the turn of the European Central Bank to launch its own version of QE in March, raising its purchases of public and private debt from around €13 billion to €60 billion per month until at least September 2016.

14 April 2015

Tax Alert No. 24 (14 April 2015)

Clarifications/Resolutions on Issues and Concerns to the Frequently Asked Questions (FAQs) Relative to the Implementation of the Electronic Platform in Filing Tax Returns under eFPS or eBIRForms for filing Income Tax Returns for Calendar Year 2014 Due on or before 15 April 2015 and others

13 April 2015

Tax Alert No. 23 (13 April 2015)

Deferment of Implementation on eFiling of "No Payment" Income Tax Returns (ITRs) and Other Concerns

12 April 2015

Tax consultants volunteer in "Lingkod TMAP" Help Desk 2015Es (News, April 2015)

A total of 27 Tax consultants and senior consultants in the firm saw action in the recent tax filing season by assisting taxpayers in the preparation and filing of their annual income tax returns or ITRs.

12 April 2015

Alex meets the press on what's next for the Developmental Social Enterprise Awards (News, April 2015)

Chairman and Senior Partner Alex Cabrera met journalists for a roundtable discussion last 13 April 2015 at Mesa, Greenbelt 5, Ayala Center, Makati City. He updated the press on the developments after the Developmental Social Enterprise Awards (DSEA) were given out last month.

11 April 2015

Isla Lipana & Co. participates in the NFJPIA-NCR Annual Grand Summits (News, April 2015)

The Human Capital (HC) team recently trooped to Baguio City to participate in the Annual Grand Summit hosted by the National Federation of Junior Philippine Institute of Accountants - National Capital Region (NFJPIA-NCR). The Annual Grand Summit ran from 12 to 15 April 2015 at Hotel Supreme.

8 April 2015

Tax Alert No. 20 (8 April 2015)

Guidelines in using the Electronic Platform of BIR for 2014 ITRs