There is global pessimism on the prospects of growth as expressed by CEOs, as reported in this year's PwC Annual Global CEO Survey. PwC Philippines Chairman and Senior Partner Alex Cabrera adds his insights in the local context and how the country can keep its advantage in “The currency of confidence”
On the first part of his article entitled "Gaining certainty on uncertain tax positions for financial reporting", PwC Philippines Tax Manager Gabriel Eroy enumerates and explains the different requirements of International Financial Reporting Interpretations Committee 23 or IFRIC 23 for the firm's "Taxwise or Otherwise" column in BusinessWorld.
PwC Philippines Chairman and Senior Partner Alex Cabrera continues to discuss the Senate bill called Taxpayer's Bill of Rights. He cites other rights that, if promulgated into law, can change examiners' behavior on the ground.
In his BusinessWorld article entitled "Mandatory disclosure: Is there really closure?", PwC Philippines Senior Associate Maxencio A. Rios, Jr. writes about the SEC Memorandum Circular (MC) No. 15-2019, requiring all registered domestic corporations to disclose their beneficial owners in their General Information Sheet, and the difficulties companies experience in complying with this MC.
