19 November 2014
The age of Big Data has arrived but what does that really mean? What data is available? What tools do we have to analyze it? How do we make sense of it all?
11 November 2014
With the launch of the ASEAN Economic Community, businesses must be alerted on the possible impacts on their operations and how to best maximize the so-called “liberalization” of ASEAN trade. There were also a number of tax developments that transpired during the year affecting taxpayers’ compliance requirements.
11 November 2014
IN AN ERA when globalization and technological advances are rapidly changing our lives, the landscape has become more competitive for finding innovative talent that will lead the company to the top.
7 November 2014
Tax Treatment of Stock Option Plans and Others Concerned
26 October 2014
The latest Global Economy Watch report sees Asian countries becoming important players in global trade by 2030.
16 October 2014
Tax Managing Partner Malou Lim (seated sixth from left) participated in the Bureau of Internal Revenue's (BIR) round table discussion on the draft Advance Pricing Arrangement (APA) Regulations held last 17 October at the BIR main office in Quezon City.
15 October 2014
Our Worldtrade Management Services (WMS) group conducted a successful training session for a team from Daikoku Electronics, an Assurance client, to enhance their knowledge on customs and trade regulatory issues.
15 October 2014
AS AN archipelago with more than 7,100 islands and islets, the Philippines has numerous ports of entry open to both foreign and coastwise trade which facilitate the transport of commodities in and out of the country or domestically. On the other hand, this can also be a challenge to our government’s efforts in curtailing the increasing incidence of smuggling in the country.
14 October 2014
Clarifying Certain Requirements on the Processing of Applications for Cash Conversion of Tax Credit Certificates
13 October 2014
Consulting Partner Benjamin Azada was invited as presenter and moderator in "Simply Captivating: The Growth of the Global In-House Centers" session in the sixth International IT-BPM Summit (IIS) 2014: Global Market Leaders Addressing Global Issues, held 14 October at the Rizal Ballroom of Makati Shangri-La Hotel.
10 October 2014
Isla Lipana & Co. Chairman and Senior Partner Alex Cabrera was invited as a co-panelist in the Focus Group Discussion (FGD) Exclusive with Senator Paolo Benigno 'Bam' Aquino, Chair of the Senate Committee on Trade, Commerce and Entrepreneurship on the "Impact of our Tax System in doing business in the country".
8 October 2014
The efforts of the Bureau of Internal Revenue (BIR) to embrace technology and continuously look into efficient measures for easy preparation and filing of tax returns have been noticeable and commendable. Just recently, the BIR ordered the mandatory implementation of the Electronic Bureau of Internal Revenue Forms or eBIRForms. The eBIRForms system was developed to provide taxpayers particularly the Non-Electronic Filing and Payment System (Non-eFPS) filers with accessible and convenient service through easy preparation and filing of tax returns. The use of eBIRForms shall improve the BIR’s tax return data capture and storage thereby enhancing efficiency and accuracy in the filing of tax returns.
28 September 2014
Chairman and Senior Partner Alex Cabrera shared his insights as he sat as one of the panelists in the "CSR as a Lifestyle" discussion in the 4th Philippine Conference on Research in CSR, held 29 September at the Asian Development Bank in Ortigas, Mandaluyong City.
25 September 2014
Clarifying Certain Provisions on the issuance of Tax Exemption Rulings for Qualified Non-Stock, Non- Profit Corporations and Associations under Section 30 of the NIRC
24 September 2014
GIVEN the tax reform bill pending in Congress and an alleged revenue loss consequently looming upon the Bureau of Internal Revenue (BIR), the massive task of meeting tax revenue targets may become even more challenging for the tax bureau. Even without the tax reforms pushing through, the BIR is already experiencing difficulties in terms of enforcing existing tax laws as it continues to encounter implementation challenges. This is to be expected if the BIR is seen to continue to go beyond its quasi-legislative functions.
23 September 2014
Tax Managing Partner Malou Lim discussed recent tax related court decisions and jurisprudence at a tax update seminar hosted by the Tax Management Association of the Philippines (TMAP) during its General Membership Meeting (GMM) last 24 September at the Hotel InterContinental in Makati.
22 September 2014
Deals and Corporate Finance Managing Partner Mary Jade Divinagracia was invited as a guest speaker during the Q3 membership meeting of the Philippine Retailers Association (PRA) held in Marriott Hotel at Newport, Pasay City on 23 September 2014.
22 September 2014
EVERY October, the Philippines joins other member states (now numbering 193) in celebrating United Nations (UN) Day. Being one of founding members, it continues to participate in various activities to support the goals of the UN. Other than being an active member of international organizations, the Philippines is also signatory to international agreements, treaties and charters with foreign governments, embassies, diplomatic missions and similar bodies. One of them is the Charter of the Asian Development Bank (ADB), the tax aspects of which have been tackled in a recent Regional Trial Court (RTC) case.
21 September 2014
Are you ready for the ASEAN Integration in 2015? The Advisory-Deals and Corporate Finance group led by its Managing Partner Mary Jade Divinagracia, welcomed distinguished speaker, Dr. Bernardo “Bernie” Villegas of the University of the Asia & Pacific to discuss a hot topic in the business community, the ASEAN Integration.
20 September 2014
PwC Philippines Corporate Responsibilty report highlighting the Typhoon Haiyan aid and projects for our focus areas of responsible business, diversity and inclusion, community engagement and environmental stewardship.
20 September 2014
Profile of Assurance Partner, Roderick M. Danao
18 September 2014
Isla Lipana & Co., PwC member firm participated in the Integrity Summit 2014, a day-long gathering of business, government, church and youth leaders held last 19 September at Dusit Thani Manila, Makati City.
17 September 2014
Clarification of Withholding Tax Rates on Dividend Payments to Philippine Central Depository (PCD) Nominees
16 September 2014
Prescribing the Mandatory Use of eBIRForms in Filing of All Tax Returns by Non-eFPS Filers Particularly Accredited Tax Agents/Practitioners, Accredited Printers of Principal and Supplementary Receipts/ Invoices, and One-Time Transaction (ONETT) Taxpayers
10 September 2014
IN AN ERA when almost any information can be found through the Internet, a not-so-techie person can get lost in a myriad of information available on the Web. In some cases, searching for information requires a bit of navigational skill in order to get you through the stack of unnecessary search results appearing on your browser. It would be a lot easier if someone would just drop the specific uniform resource locator (URL) or Web site address needed to lead us straight to the desired location.