Philippine Taxation

Current issues

Client Advisory Letter

The future of lease accounting (CAL July 2015)
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) (‘the Boards’) have proposed to require all leases to be reported on balance sheet. The impact on lessee financial reporting, asset financing, IT, systems and controls could be substantial.

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Taxwise or Otherwise

The Philippine cabotage regime: A level playing field? (Taxwise, 27 August 2015)
“CABOTAGE” comes from the French caboter, which means “to sail along the coast.” In our context it refers to the right to transport cargo or passengers via land, sea or air between two places within the same country.

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Tax Alerts

Tax Alert No. 34 (1 July 2015)
Availability of eBIRForms Package Version 5.0

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Other tax books