News and Updates
Welcome to our news and updates section!
Read the latest accounting and bookkeeping news and information here. In this section, we also post updates on the taxation system in the Philippines and its technicalities.
he Senate is pushing for the approval of two measures to provide faster, safer, and more efficient digital transactions with the public sector in the Philippines.
The House of Representatives approved a bill that exempts donations and rewards given to Philippine athletes from tax and other fees.
House Ways and Means Committee Chair Joey Salceda expects a quick passage of the Philippine Offshore Gaming Operators (POGO) tax reform bill after Congress adopts its Senate version.
The Bangko Sentral Ng Pilipinas (BSP) is likely to lift the limit on the number of allowed digital banks in the Philippines.
he Philippine Exporters Confederation (Philexport) calls on the government to clarify and ensure that the implementation of the 12% VAT on indirect imports does not become a burden for exporters and micro, small, and medium enterprises (MSMEs).
On Monday, June 14, the Bangko Sentral ng Pilipinas (BSP) announced an increase in applications from entities seeking to enter the newly created digital banking space in the Philippines as more consumers shift from traditional to electronic channels.