News & Updates

Stay informed with the latest developments in tax, audit, and business regulations in the Philippines.

Our News and Updates section brings you timely insights, regulatory issuances, and industry trends that matter to your business.

We provide concise updates on new BIR and SEC regulations, changes in financial reporting standards, government circulars, and other policy shifts that impact compliance and operations. Whether it's a tax deadline reminder or a recent legal ruling, our goal is to keep you ahead of the curve with credible, practical information.

New BIR Revenue Regulation on Digital Tax Receipts
Tax Updates
January 15, 2025 • 8 min read

New BIR Revenue Regulation on Digital Tax Receipts

The Bureau of Internal Revenue has issued new guidelines requiring businesses to implement digital tax receipts by March 2025. This regulation affects all registered taxpayers with annual gross receipts exceeding PHP 3 million and introduces significant changes to existing invoicing systems.

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SEC Announces Updated Financial Reporting Standards for 2025
SEC Regulations
January 10, 2025 • 5 min read

SEC Announces Updated Financial Reporting Standards for 2025

The Securities and Exchange Commission has released comprehensive updates to financial reporting standards effective June 2025. These changes include enhanced disclosure requirements for related party transactions and revised guidelines for revenue recognition in service industries.

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Philippine Standards on Auditing (PSA) Updates for 2025
Audit Standards
January 8, 2025 • 4 min read

Philippine Standards on Auditing (PSA) Updates for 2025

The Auditing and Assurance Standards Council has issued revisions to several Philippine Standards on Auditing, including enhanced procedures for assessing fraud risks and updated requirements for auditor independence. These changes take effect for audits of financial statements for periods beginning on or after April 15, 2025.

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