Accounting for leave credits: A deeper understanding of (PAS) 19 – Employee Benefits (CAL April 2015)
Why PAS 19? Philippine Accounting Standard (PAS) 19 applies to all types of employee benefits, although it is in the area of accounting for defined benefit pension plans that PAS 19 results in most complexity.
BIR’s power to interpret tax laws is not absolute (Taxwise, 21 May 2015)
Inherent in the three branches of our government are three core powers granted by the 1987 Philippine Constitution. The authority to make laws and to alter or repeal them is conferred on the Legislative Department. The implementation of laws is charged to the Executive Department. The power to interpret laws, to hear and decide cases when disputes arise, lies with the Judiciary. The existence of these independent co-equal bodies is a fundamental characteristic of a democratic government.
Tax Alert No. 30 (25 May 2015)
Extension of the period of optional use by PEZA enterprises of the BOC's e2m Transshipment System for Import Cargoes