Thought leadership

In this section you can browse through our publications and regularly updated materials intended to bring you useful information about emerging issues and possible solutions to your business needs. If you are a foreign investor interested to do business in the Philippines, you will find our business guides highly informative.

Latest 

Simplified tax exemption for nonprofit schools

29 Sep 2016

Nonstock, nonprofit educational institutions may have reason to be upbeat this school year with the issuance of Revenue Memorandum Order (RMO) No. 44-2016, excluding them from the renewal requirements of their tax exemption status. Readers may recall that in 2013, the Bureau of Internal Revenue (BIR) issued RMO No. 20-2013, requiring nonstock, nonprofit organizations under Section 30 of the National Internal Revenue Code (NIRC) to secure confirmatory BIR rulings or certificates of tax exemption by submitting an application and supporting documents for evaluation. However, this requirement was declared null and void as far as nonprofit schools were concerned when a Regional Trial Court in 2014 cited the constitutional protections enjoyed by such institutions.

Amendment to IFRS 2 – Share-based payment

28 Sep 2016

On 20 June 2016, the IASB issued an amendment to IFRS 2, ‘Share-based Payment’, addressing three classification and measurement issues. The amendment addresses the accounting for cashsettled, share-based payments and equity-settled awards that include a ‘net settlement’ feature in respect of withholding taxes.

The best presidential offense

26 Sep 2016

The government is on the defense, with its unconventional programs and pronouncements. PwC Philippines Chairman and Senior Partner Alex Cabrera suggests the government might be better off being on the offense.

PRC BOA extends filing of application for accreditation of CPAs in Commerce and Industry and the covered period of the financial statements subject to the Certificate on the Compilation Services Requirement to 31 December 2016

27 Apr 2016

The Board of Accountancy (BoA) has signed Resolution No. 115 of 2016 dated 25 April 2016 extending the deadline for filing of application for accreditation of Certified Public Accountants (CPAs) in Commerce and Industry practice as well as the covered period of the financial statements subject to the Certificate of Compilation Services requirement to 31 December 2016.

Read all

The Digital Healthcare Leap

08 Sep 2016

Improving healthcare access and quality is becoming a priority in emerging markets such as the Philippines.

Read all Advisory publications

Simplified tax exemption for nonprofit schools

29 Sep 2016

Nonstock, nonprofit educational institutions may have reason to be upbeat this school year with the issuance of Revenue Memorandum Order (RMO) No. 44-2016, excluding them from the renewal requirements of their tax exemption status. Readers may recall that in 2013, the Bureau of Internal Revenue (BIR) issued RMO No. 20-2013, requiring nonstock, nonprofit organizations under Section 30 of the National Internal Revenue Code (NIRC) to secure confirmatory BIR rulings or certificates of tax exemption by submitting an application and supporting documents for evaluation. However, this requirement was declared null and void as far as nonprofit schools were concerned when a Regional Trial Court in 2014 cited the constitutional protections enjoyed by such institutions.

Read all Tax publications

Shared Services: Multiplying Success

25 Aug 2016

In less than 15 years, the Shared Service subsector in the Philippines was able to emerge as one of the leaders in the Asia-Pacific region, along with India. While the Philippines has several advantages such as its financial attractiveness and skilled workforce to remain a main Shared Service location, it still has considerable potential for growth. This report not only assesses how Shared Service Centers are operating, and if they should be implemented at all, but also to find out what steps should be taken to strengthen Shared Service Businesses for the future.

Read all Industry publications

Doing business and investing in the Philippines (2015)

22 Jun 2015

This guidebook will help you find easy answers to seemingly difficult questions on what to do under specific Philippine business conditions. More than that, this is a compact guide that fits your busy schedule yet keeps you abreast on the latest in Doing Business and Investing in the Philippines.

Read all Business guides publications

The best presidential offense

26 Sep 2016

The government is on the defense, with its unconventional programs and pronouncements. PwC Philippines Chairman and Senior Partner Alex Cabrera suggests the government might be better off being on the offense.

Read all as easy as ABC columns

Customer incentives

23 Sep 2016

In the competitive business arena, retailers in the consumer goods industry offer a wide variety of sales promotions and incentive arrangements to increase sales volume and build customer loyalty. In today's "PwC's Needles in a Haystack", Assurance Partner Paul See tackles how retail companies should record these customer incentive arrangements in its books of accounts to comply with Philippine Financial Reporting Standards (PFRS).

Read all PwC's Needles in a haystack columns

Sustaining hope: Corporate responsibility at PwC Philippines

21 Sep 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.

Philippine Resiliency: A Gem Uncovered (2009)

We sought to confirm the upbeat view of the featured CEOs of the country’s economic performance and gauge their confidence in the resiliency of the Philippines given what is expected to be a long and deep global economic downturn. It is heartening to note that these top CEOs are indeed unfazed by the global economic slump and, in fact, are enthusiastic about what is in store for the Philippines and their companies over the long term.

Delivering Trust and Quality

This book is a compilation of the partners’ thought leadership in various subjects relevant to the practice today. The subjects covered are effective governance, tax risk management, financial reporting issues, the audit committee, international financial reporting standards, advisory services as an expanded capability, ethics and volunteerism. The book also contains short companion pieces on values written by the partners.