News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
Disallowance of Expenses with Taxes Not Withheld
As far as the Bureau of Internal Revenue (BIR) is concerned, business income commensurate income taxes. As much as possible, taxpayers would always want most, if not all, of their
Deductible Depreciation Expense
Property, plant and equipment (PPE) are tangible or physical assets acquired and owned by the company which will be used for more than one year and are not held for
Malicious Email Alert
The Bureau of Internal Revenue (BIR) warned all the taxpayers from malicious emails perpetrated by deceitful groups called “phishers” or “scammers” designed to look like emails from the BIR. These
October 2020 BIR Deadlines
Oct 10, 2020 Filing and payment BIR Form 1601C (Non-eFPS Filers) Oct 11, 2020 e-Filing BIR Form 1601C (eFPS Group E) Oct 12, 2020 e-Filing BIR Form 1601C (eFPS Group
Extended Deadline for Availing of Tax Amnesty on Delinquencies
Pursuant to Administrative Order No. 30 s. 2020 of the President to direct all government agencies to suspend deadlines for the duration of community quarantine, the Department of Finance (DOF)
Reporting of Related Party Transactions
Businesses nowadays are known to be competitive and are focused on quality and growth. It is very usual for companies to transact with third parties such as investors, suppliers and
