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15 October 2014

Stiffer penalties for smugglers soon (Taxwise, 16 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

Tax Alert No. 32 (14 October 2014)

Clarifying Certain Requirements on the Processing of Applications for Cash Conversion of Tax Credit Certificates

8 October 2014

Making filing and paying easier for taxpayers (Taxwise, 9 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.

25 September 2014

Tax Alert No. 31 (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

Tax exemption ruling: Going around the roadblock (Taxwise, 25 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

Malou Lim talks at TMAP Tax Update Seminar (News, 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

Jade speaks at Philippine Retailers Association's Q3 membership meeting (News, 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.

21 September 2014

Firm hosts talk on ASEAN integration (News, 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

Sustaining hope: Corporate responsibility at PwC Philippines

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

Roderick M. Danao (Assurance Managing Partner)

Profile of Assurance Partner, Roderick M. Danao

18 September 2014

Isla Lipana & Co. participates in Integrity Summit 2014 (News, 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

Tax Alert No. 30 (17 September 2014)

Clarification of Withholding Tax Rates on Dividend Payments to Philippine Central Depository (PCD) Nominees

16 September 2014

Tax Alert No. 29 (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

Easing requirements for changes in companies’ addresses (Taxwise, 18 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.

10 September 2014

Clarifying the allowable activities of PEZA IT Enterprises (Taxwise, 11 September 2014)

A COMMON misconception for most enterprises registered with the Philippine Economic Zone Authority (PEZA) is that the sale of finished goods, i.e., trading activity, may be considered part of its registered activity entitled to incentives. However, this is not the case.

3 September 2014

The privilege of taxing a privilege (franchise) (Taxwise, 4 September 2014)

TAXATION has a very wide and long reach that can essentially cover anything under the sun. The power to tax has been described as limitless in its range such that the legislature only needs to enact a law to tax something. One wonders if there will come a time when even the privilege of dreaming big could be taxed as well. Well, that won’t hurt so long as the imposition and collection of the tax is done also in a dream.

2 September 2014

Tax Alert No. 28 (2 September 2014)

Principal Office Address of Corporations and Partnerships

1 September 2014

Jose Morales, III (Alumni profile)

Alumni profile: Jose Morales, III

27 August 2014

Rick, Malou and Lois facilitate tax and investment forum in Malaysia and Singapore (News, August 2014)

Key people from PwC Philippines were invited as resource speakers at a seminar on "Investment Structures and Taxation in the Philippines" held in Malaysia and Singapore on 27 and 28 August, respectively.

27 August 2014

Revisiting your company’s vision (Taxwise, 28 August 2014)

BUSINESS leaders nowadays are prioritizing the impact of the change in the macro-environment -- whether political, economic, social, technological, ecological, or institutional in nature -- as a key factor in assessing the opportunities and threats to their respective companies.

26 August 2014

Client Accounting Services

Client Accounting Services: Your trusted service provider for tax compliance, accounting and payroll requirements

14 August 2014

Isla Lipana & Co. holds tax and accounting caravan in Cebu (News, August 2014)

Isla Lipana & Co. in collaboration with the Association of MEZ Controllers and Accountants (AMCA) held its first tax and accounting caravan entitled“Be informed now” last 15 August 2014 at the Waterfront Airport Hotel & Casino in Mactan, Lapu-lapu City, Cebu.

12 August 2014

BIR issues rules on electronic storage of documents (Taxwise, 13 August 2014)

IN THIS day and age, technology plays an instrumental, if not essential role in our lives. Before the dawn of the digital age, written communication was mainly delivered via postal mail or transmitted through telegram, photographs were recorded on rolls of film, and music was played using vinyl records and, later on, cassette tapes.

9 August 2014

The talent challenge: Adapting to growth (August 2014)

Despite the positive outlook for jobs, PwC’s research, which surveyed over 1,300 CEOs in 68 countries, reveals that business leaders are more concerned about being able to find the right people to fill these roles.

9 August 2014

The future shape of banking

A new report from PwC suggests that, as early as 2025 – 2030, a market economy could readily exist without banks of the traditional kind.