The Search for the Outstanding Accounting Students of the Philippines (SOASP) continues on its 28th year as P&A Foundation, ...

The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 98-2026, outlining the policies and guidelines on electronic invoicing and reaffirming the 31 December 2026 ...

Every management team knows the scene. A crisp strategy, walk the board through disciplined forecasts, and land on a valuation built from rigorous cash-flow projections discounted at the weighted ...

P&A Grant Thornton Events Event Upcoming Learn from the Experts: Navigating SEC Common Financial Statement Findings, Auditor Accreditation Best Practices, and the Salient Features of the BIR One-Time ...

This Tax Alert is issued to inform all concerned on the latest published lists of additional and delisted Top Withholding Agents (TWAs) who are required to deduct and remit the one percent (1%) or two ...

Last week, the Senate, in a unanimous vote, approved on third and final reading the Senate Bill (SB) No. 2528 that seeks to impose a 12% value-added tax (VAT) on digital services delivered by either ...

These guidelines are hereby issued pursuant to Article 5 of the Labor Code of the Philippines, as renumbered, and Presidential Decree No. 851, requiring employers in the private sector to pay their ...

The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) No. 4-2026, which establishes a one-time tax abatement program for qualified micro taxpayers. The program allows eligible ...

This Accounting Alert is issued to circulate the IFRS alert regarding the amendment of IAS 12, Income Tax, to help entities respond to the Pillar Two Tax Rules.

The Philippines has implemented significant various tax reforms in recent years with the goals of modernizing the tax system, attracting investments, supporting small businesses, and boosting economic ...

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 3- 2023 to amend Section 2 of RMC No. 19-2019, which provides that all books of accounts shall be registered ...

Matters relating to death are usually not a good topic to discuss. However, what is worse is not knowing what to do when one is faced with death-related situations, such as when the family of the ...