Release No:

1st Quarter 2006

News Archive:

Securities Borrowing and Lending

Rules on Securities Borrowing and lending (SEC MEMORANDUM CIRCULAR No 7)

Section 3: Modes of Conducting SBL: Lending Agent; Direct Lending - Securities lending may be conducted by the beneficial owner directly or through a lending agent; Provided that, the parties to a SBL transaction shall comply with the documentation........   

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BIR REVENUE REGULATION  No. 10-2006

Prescribes the guidelines and condition for the tax treatment of securities borrowing and lending transactions involving shares of stocks or securities listed in the Philippine Stock Exchange.  

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BIR RMC No. 40-2006 

Clarifies certain issues concerning the jurisdiction of the Large Taxpayer Service, the Enforcement Service and the Revenue Regions, including the Revenue District Office and Divisions under them. 

 

SEC MEMORANDUM CIRCULAR No. 8

Revised Guidelines on Foundation.

 

SEC MEMORANDUM CIRCULAR No. 9

All Domestic Non-Stock corporation: Submission of General Information Sheet.  

 

Latest Downloads

   2006 Tax Calendar

    January       July

    February     August

    March          September

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    May             November

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Enhanced VAT Forms

   2550M            2550Q 

Trainings & Seminars

Trainings and Seminars

 

The firm offers PICPA Accredited  training and seminars:

1. Sarbanes-Oxley Compliance Training

2. Financial Statement Fraud      

    (Internal and External Scheme)

3. Fundamentals of IT Auditing 

4. Accounting for Non-Accountants

5. Philippine Standards on Auditing 

6. Philippine Financial Reporting Standards.

7. Philippine Accounting Standards

     (Internal Accounting Standards)

8. Tax Updates

9. SEC Updates       

    

Please call 840-03-20 and look for Lizabel  Fontecha or email us at hr@scp-ph.com for schedule of training.

 

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For FREE Inquiries!

Tax Hotline:   

(632) 840-0430

(632) 910-0061 to 73

 

 

VAT REGULATIONS

REVENUE MEMORANDUM CIRCULAR No. 21-2006

 Provides basic questions and answers to clarify issues and guidelines on how to fill-up the September 2005 version of VAT Forms and other related issues.

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REVENUE MEMORANDUM CIRCULAR No. 22-2006

Clarifies certain issues relating to the implementation of the increase in the VAT rate from 10% to 12% on the sale of goods pursuant to RA No. 9337. 

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REVENUE MEMORANDUM CIRCULAR No. 30-2006

Prescribe the submission of a narrative memorandum report to accompany the VAT Credit Evaluation Repor and requires the attachment of a certain documents prior to approval of the Tax Credit Certificate. 

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REVENUE MEMORANDUM CIRCULAR No. 35-2006

 Clarifies the power VAT and EWP Treatment of freight and other incidental charges billed by freight forwarders.

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WITHHOLDING TAXES REGULATIONS

REVENUE MEMORANDUM ORDER  No. 13-2006

Prescribes the policies and procedures in monitoring and Local Government units (LGU's) compliance with the Withholding Tax Rules and regulations.
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REVENUE MEMORANDUM ORDER  No. 15-2006

Prescribes the policies and procedures in implementation of special revalidation covering all outstanding Tax Credit Certificates issued by the BIR and those jointly issued by the One-Stop Shop inter-agency tax credit and duty Drawback Center and the BIR.     

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REVENUE MEMORANDUM CIRCULAR  No.35-2006

Clarifies the proper VAT and EWT treatment of freight and other incidental charges billed by freight forwarders.  

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UPDATED RELIEF VERSION .
ftp://ftp.bir.gov.ph/webadmin1/exe/relief_v2.0.exe

ftp://ftp.bir.gov.ph/webadmin1/zip/job_aid_relief.zip

 

 

 

REVENUE REGULATION No. 2-2006

BANK BULLETIN NO. 2006-03 : All authorized Agent Banks are advised to accept the Summary Alphalist of Withholding Taxes (SAWT) in hard copy or diskette form as attachment to the quarterly/annual income tax returns and/or monthly/quarterly business tax returns with the Certificate of Tax Withheld at Source (BIR Form No.2307/2306/2316) and the monthly Alphalist of Payees (MAP) in hard copy/diskette form as ...........    

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Revenue Regulations No. 3-2006

To download the Alphalist Data Entry & VAlidation Module Version 2.0 (MAP/SAWT) full relase:

 

ftp://ftp.bir.gov.ph/webadmin1/exe/alphalist2.0full.exe http://www.bir.gov.ph/lumangweb/alphalist2.0full.exe ftp://ftp.bir.gov.ph/webadmin1/zip/1604patch.zip ftp://ftp.bir.gov.ph/webadmin1/zip/jobaid.zip

 

 

DOCUMENTARY STAMPS TAX                                                                   

Revenue Memorandum Order No. 16-2006

Creates, modifies and drops certain Alphanumeric Tax Codes of selected revenue source to facilitate the proper identification and monitoring of payments for Documentary Stamp Tax.

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