Client Advisory Letters

A publication about developments in Philippine taxation. The contents usually include latest Republic Acts, Bureau of Internal Revenue issuances, Customs regulations, Court decisions, BSP circulars, SEC circulars, Department of Justice opinions and Executive Orders relevant to Tax practice.


Latest issue

Accounting for investments in other entities in separate FS (CAL May 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.

 

Complete issues

Accounting for investments in other entities in separate FS (CAL May 2015)

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

A closer look at IFRIC 21 - Levies (CAL March 2015)

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

Added de minimis benefits (CAL January 2015)

Year-end tax reminders for 2014 (CAL December 2014)

 

For previous Client Advisory Letters issues, please contact:

Lyn Golez, Tax services