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General Rules and Guidelines for Registration of SIMs The Republic Act 11934 or also known as the “Subscriber Identity Module (SIM) Card Registration Act,” was signed into law on October 10, 2022, requiring end-users to register their new or existing SIM cards with their respective Public Telecommunications Entities (PTEs) within 180 days from the law’s […]

In case you’re not yet familiar with the latest business and financial news, the Insurance Commission in charge of regulating insurance companies in the Philippines has recently issued substantial alterations that need the attention of its stakeholders.  Recently, the Commission issued a new set of rules and procedures called IC CL No. 2021-65, otherwise known […]

Republic Act 11904 or ‘The Philippine Creative Industries Development Act’ Republic Act (R.A.) 11904 or ‘The Philippine Creative Industries Development Act,’ which was passed into law on July 27, 2022, mandates the promotion and development of Philippine creative industries by protecting and strengthening the rights and capacities of creative firms, artists, artisans, creators, workers, indigenous […]

To All Employees: On November 18, 2022, our Firm will conduct a series of webinars on the following topics: a.Caseware Orientation; andb. Things to Consider: Financial Statements Preparation. We have invited speakers for each topic, namely Mr. Ken Chan and Mr. Andrew F. Loteyro. Register now at http://i-leadacademy.org/courses.  Thank you!

As they say, digitalization is the way of the future. And that future is unfolding now. As a perfect example, the Bureau of Internal Revenue’s digital transformation is now in full swing. One of its projects, pursuant to TRAIN Law, is the implementation of e-invoicing or e-receipting. In relation to that, we want to keep […]

The new BIR Notice to Issue Invoice/Receipt (NIRI) was introduced under Revenue Regulation (RR) No. 10-2019 which requires taxpayers to issue receipts/invoices for the sale of goods or services rendered. Now with the newly issued policies, procedures, and guidelines of BIR Revenue Memorandum Order (RMO) 43-2022, “Ask For Receipt” shall only be valid until June […]

SEC requires the preparers of financial statements and audit practitioners to consider and comply with the newly adopted Philippine Financial Reporting Standards (PFRS) and Philippine Standards on Auditing (PSA) On January 27, 2022, the Securities and Exchange Commission (SEC) mandated the consideration of certain Philippine Standards on Auditing (PSA) and Philippine Financial Reporting Standards (PFRS) […]

Q1: What are OGL and Accredited Service Providers? Are they considered POGO? Answer: Both are considered as POGO, however, OGL refers to an Offshore Gaming Operator, regardless of where it is organized, duly licensed, and authorized through a gaming license issued by a POGO Licensing Authority to conduct offshore gaming operations, including the acceptance of […]

SAIDI-GSOD in partnership with iLEAD Academy presents the Total Quality Management (TQM) Application & Orientation Webinar.

This Programme is designed for Organizations who looks into improving efficiency across their management’s organization and performance. This Webimar will be conducted by Professor Jane Aliwalas who had 3 decades of experience with various operation management roles in multiple industries.

DON’T BE LEFT BEHIND! Register now and be learn from the best of the best!

Non-compliance by large taxpayers, e-commerce and export oriented businesses may result to penalties, input VAT or expense disallowance as per RR. Nos. 08-2022 & 09-2022 Frequently Asked Questions (FAQs): 1. What is a Electronic Invoicing System (EIS)? Answer: EIS is capable of storing and processing data required to be transmitted by covered taxpayers using their […]