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25 March 2015

Tax Alert No. 13 (25 March 2015)

Filing of ITRs of employees of Large Taxpayers

25 March 2015

Tax Alert No. 14 (25 March 2015)

Revised consolidated schedule of compromise penalties for violations of the Tax Code

24 March 2015

Tax Alert No. 12 (24 March 2015)

Wage increase in the National Capital Region

24 March 2015

PwC supports the International ICT Awards Philippines 2015 (News, March 2015)

Top information technology-business process management (IT-BPM) companies were honored during the ICT Awards 2015 Gala Night yesterday at the Manila Ballroom of the Marriott Hotel Manila, Newport City in Pasay.

19 March 2015

Tax Alert No. 11 (19 March 2015)

Penalties for Failure to File Returns Under the Electronic Systems of the BIR by Taxpayers Mandatorily Covered by eFPS or eBIRForms

18 March 2015

Who determines sufficiency? (Taxwise, 19 March 2015)

IT’S NO SECRET that the Bureau of Internal Revenue (BIR) was strongly opposed to our legislators’ bill to increase the tax exemption ceiling on employee bonuses to P82,000 from the previous P30,000. With the law now in place and the BIR having issued the implementing regulations just this week, most people expect the BIR to find ways to make up for the lost revenue, even as it lowered its income projection for 2015.

18 March 2015

Carlos Carado a guest speaker at the PICPA-MMR Tax Forum (News, March 2015)

The Philippine Institute of Certified Public Accountants - Metro Manila Region (PICPA-MMR) held its Tax Forum and General Membership Meeting on 18 March at the Bahia Room, InterContinental Hotel Manila in Makati City.

17 March 2015

Tax Alert No. 10 (16 March 2015)

Implementing the Increase of the Total Amount of Exclusion to P82,000.00 for 13th Month Pay and Other Benefits from Gross Income

12 March 2015

Tax Alert No. 9 (12 March 2015)

Amending provisions on Submission of copies of BIR Form Nos. 2307 and 2316

11 March 2015

The persistence of manual bookkeeping (Taxwise, 12 March 2015)

EVEN WITH the latest technology at our fingertips, many businesses, particularly small- and medium-sized enterprises (SMEs), may still maintain manual books of account.

10 March 2015

Shift of global economic power to emerging economies set to continue (CAL February 2015)

The global economic power shift away from established advanced economies in North America, Western Europe and Japan will continue over the next 35 years – despite a projected slowdown in Chinese growth after around 2020.

10 March 2015

Successful joint JBD, WMS update seminar for Japanese executives (News, March 2015)

The Japanese Business Development (JBD) conducted another successful tax and accounting seminar for Japanese executives together with the Worldtrade Management Services (WMS) last 10 March 2015 at the Learning room in our Makati office.

10 March 2015

ABC talks at Workshop on Good Business Practices for SMEs (News, March 2015)

A workshop organized to help boost the competitiveness of small and medium-sized enterprises (SMEs) in regional and global markets was held at the Radisson Blu Hotel in Cebu City last 10 March.

6 March 2015

Tax Alert No. 8 (06 March 2015)

Bureau of Treasury ordered to release FWT withheld on redemption of PEACEBONDS

4 March 2015

Double taxation: same but different (Taxwise, 5 March 2015)

THE PHILIPPINES has the unfortunate reputation of imposing high tax rates, especially in comparison with our neighbors within the Association of Southeast Asian Nations. The 30% corporate income tax and 32% maximum income tax on individuals imposed under our National Internal Revenue Code (or Tax Code) are among the highest in the region.

3 March 2015

Iligan City-based business wins Developmental Social Enterprise Awards (News, March 2015)

Isla Lipana & Co./PwC Philippines and the Benita & Catalino Yap Foundation (BCY Foundation) recognized at an awards ceremony the winning Filipino enterprises committed to social objectives through their enterprises.

3 March 2015

Team PwC named champion in Philippines-Japan Friendship Golf Tournament (News, March 2015)

Team PwC, led by Tax Partner Carlos Carado (third from left), was declared champion in the Philippines-Japan Friendship Golf Tournament held at the Sta. Elena Golf and Country Club last 4 March 2015.

2 March 2015

Jose Marie “JM” Pabiton (Alumni profile)

Alumni profile: Roberto C. Pe Benito, Jr.

2 March 2015

Rossana S. Javier (Consulting Managing Partner)

Profile of Consulting Managing Partner, Rossana S. Javier

25 February 2015

PwC and UNISDR launch the R!SE Initiative (News, February 2015)

PwC in partnership with the United Nation International Strategy for Disaster Reduction (UNISDR) and hosted by the Asian Development Bank (ADB) launched the R!SE Initiative at the ADB Auditorium last 26 February 2015. The one-day conference was the R!SE launch in Asia Pacific.

25 February 2015

BIR eases importer/broker accreditation process (Taxwise, 26 February 2015)

AROUND this time last year, in a bid to combat smuggling, the Department of Finance (DoF) issued Department Order (DO) No. 12-2014 requiring importers to secure an Importer Clearance Certificate (ICC) from the Bureau of Internal Revenue (BIR) as a pre-requisite for accreditation with the Bureau of Customs (BoC). The DO was later amended by DO No.18-2014 to include custom brokers in its coverage.

24 February 2015

Tax Alert No. 7 (24 February 2015)

Inaction of the CIR within 120 day period is already a denial of the refund claim, thus taxpayer must file an appeal within 30 days from the lapse of the 120-day waiting period.

23 February 2015

ABC tackles 'Beyond the ABCs of Taxation' at ACPAPP meeting (News, February 2015)

Chairman and Senior Partner Alex Cabrera was the guest speaker at the general membership meeting of the Association of Certified Public Accountants (ACPAPP) held last 24 February at the InterContinental Hotel Manila.

18 February 2015

Incentives are more than just hospitable gestures (Taxwise, 19 February 2015)

“IT IS UNSOUND practice and uncouth behaviour to invite over guests to dinner at home, then charge them for use of the silverware before allowing them to dine.”

13 February 2015

Tax Alert No. 6 (13 February 2015)

Adjustment of tax exemption ceiling of bonuses