Client Advisory Letter (May 2022)
At a glance
Updates, reiterations, and clarifications on selected topics
Taxes, compliance matters, assessments, and refunds
- Bank accounting Manner of allocating costs and expenses in banks and financial institutions
- LOA alternative A Revalidation/Reassignment Notice may validly designate new revenue officers
- Proprietary activity Taxation of proceeds from TIEZA’s public bidding and sale of real properties
- Clerical error CTW certificates with wrong TIN of the payee may still be appreciated by the CTA
- Separation anxiety Taxation of redundancy pay that was computed under Retirement Plan rules
- Elderly care Guidelines in availing SC and PwD privileges on online and phone purchases
Latest on regulatory landscape
- Listing rules Rules on initial listing through preferred shares offering
- First SIPP Approval and issuance of the 2022 Strategic Investment Priority Plan
- Franchise affair Strengthening the Franchising Industry for the Protection of MSMEs
- Tariff rates Temporarily reducing the import duty rates on corn, coal, rice and meat of swine
- FX derivatives Investment governance framework for foreign exchange derivatives transactions
Meet us
- #PwCProud
- PwC Philippines partners anew with Asia CEO Awards
- Global Trust Partners names Gina Detera to its Board
- PwC Philippines partners with the Knowledge Channel on educational initiatives
- PwC leaders share insights on integrating ESG into corporate strategies
- Aldie Garcia speaks on the future of accounting to future accountants
- BPO practitioners learn about WFH labor matters from Alex Cabrera
- Gett Apostol, Aldie Garcia headline PICPA MM Regional Forum
- Rosell Gomez discusses fraud risk management for CCAP
Related Content
Follow PwC Philippines
