IFRS/PFRS 16, the new accounting standard for leases, becomes effective for annual reporting periods commencing on or after 1 January 2019. As with other new accounting standards, IFRS/PFRS reporters are required to disclose information relevant to assessing the impact of IFRS/PFRS 16 in periods prior to adoption.
The new year is a good time for renewal. In fact, some renewals are mandatory – like for business permits. Unlike life’s renewals, the one for business permits is one we wish to avoid, if only possible. PwC Philippines Chairman and Senior Partner Alex Cabrera writes about the citizens' woes and pains caused by the "Seasonal bully".
As we welcome 2019, let’s familiarize ourselves with two new PFRS to prepare for full compliance with 2019 reporting. PwC Philippines Assurance Partner Lois Gregorio-Abad outlines these in "New year, new rules".
With the advent of the Philippine Identification System (PhilSys), soon you will only need to present one identification card. But what is PhilSys? And what will PhilID do for us? Tax Senior Consultant Rachael U. Yap gives us the answers in "Just one card"
