2016 Filing of Annual Financial Statements and General Information Sheet
Centralized Processing of ATRIGs for Excisable Products
The International Accounting Standards Board (IASB) has postponed the date when entities must change some aspects of how they account for transactions between investors and associates or joint ventures.
Amending RR No. 16-2005 on the sale, importation or lease of passenger or cargo vessels and aircrafts for domestic or international transport operations
Suspension of All Audit and other Field Operations of the Bureau of Internal Revenue effective 16 December 2015
The Tax Incentives Management and Transparency Act (TIMTA)
According to the International Accounting Standards Board (IASB), “the insurance industry is an important and increasingly international industry and insurance contracts expose entities to long term and uncertain obligations.
Further extending the deadline under Revenue Regulation No. 12-2015, for adjusting CRM/POS/other similar machines
This amendment clarifies the application of PAS 19, ‘Employee contributions’ (2011) - referred to as ‘PAS 19R’, to plans that require employees or third parties to contribute towards the cost of benefits. The amendment does not affect the accounting for voluntary contributions.
Entry into Force, Effectivity and Applicability of the Philippines-Qatar Double Taxation Agreement