17 June 2015
To attract investors to our economic zones, the Philippine Economic Zone Authority (PEZA) recently launched the PEZA Electronic Application for Registration System (e-ARS). This system can be accessed thru the PEZA Web site (www.peza.gov.ph) by clicking the icon “e-ARS” or going directly to the URL http://ears.peza.gov.ph.
10 June 2015
The Insurance Commission recently issued Circular Letter No. 2015-18 to disseminate the United States Financial Crimes and Enforcement Network’s (FinCEN) findings in connection with Banca Privada d’Andorra (BPA), a private banking institution in the Principality of Andorra.
9 June 2015
Availability of eBIRForms Package Version 5.0
9 June 2015
Provisional Permit to Use CRM/POS machine/other sales machine/receipting software
8 June 2015
Amendment on the Guidelines and Procedures on the Use of Corporate and Partnership Names
3 June 2015
Mergers and consolidations are becoming a key item to consider for senior insurance executives. According to data from the Insurance Commission, the number of life insurance players has decreased to 31 in 2014 from 33 in 2011. In nonlife, the decline is more apparent, with 70 firms last year compared with 83 in 2011.
2 June 2015
Profile of Assurance Partner, Rodel C. Acosta
2 June 2015
Investments in other entities would include investments in subsidiaries, associates and joint ventures. Under PAS 27 – Separate Financial Statements (FS), the current applicable standard, these investments should be accounted for atcost, or in accordance with PFRS 9, as long as an entity would apply the same accounting for each category of investments.
29 May 2015
Toastmasters International held a demonstration meeting for PwC last Friday, 29 May at the Learning Room. The limited-slot only event, organized by our Learning & Development (L&E) group, was attended by 25 participants from various groups across the firm.
27 May 2015
In an En Banc decision last March 2015, the Court of Tax Appeals (CTA) ruled that even if a taxpayer or his duly authorized representative refuses to acknowledge receipt of assessment notices for deficiency taxes issued by the Bureau of Internal Revenue (BIR), personal delivery shall be considered “constructive service” provided that such notices are left at the premises of the taxpayer and such fact is attested to by at least two revenue officers other than the revenue officer who constructively served them.
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
Implementation and use of LRA's PHILARIS for automated verification of eCARs
20 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.
19 May 2015
PwC Consulting Partner Rose Javier (in photo seated right) gave a presentation on the R!SE Initiative at the Asian Development Bank (ADB) Knowledge Partnership Forum on Innovative Technology and Solutions held last 20 May at the ADB Multi-Function Hall.
18 May 2015
Alumni profile: Maria Elisa Elviña-De Lara
13 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
Clarifying provisions of RR No. 2-2015 on Submission of Copies of BIR Form Nos. 2307 and 2316
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
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
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
Alternative Mode in filing BIR Form Nos. 1601-C and 1601-E using the Electronic Platforms of BIR
28 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
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
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
It is possible.