quality assurane ulletin i april 2019 edition...

QUALITY ASSURANCE BULLETIN I April 2019 Edition 1


RECENT SECURITIES AND EXCHANGE COMMISSION ISSUANCES

RECENT BUREAU OF INTERNAL REVENUE ISSUANCES

Revenue Regulations No. 4-2019: Implementing Rules and Regulations of Republic Act No.

11213, Otherwise Known as the “Tax Amnesty Act”, Providing for the Guidelines on the Pro-

cessing of Tax Amnesty Application on Tax Delinquencies.

Revenue Memorandum Order No. 16-2019: Modifies the Alphanumeric Tax Code for

Withholding Taxes in BIR Form No. 1601-EQ pursuant to RR No. 1-2019.

Revenue Memorandum Order No. 18-2019: Amends RMO No. 9-2019 on the allocation of the

CY 2019 BIR collection goal by implementing office.

Revenue Memorandum Order No. 19-2019: Creates the Alphanumeric Tax Code for Tax

Amnesty on Estate and Delinquencies pursuant to the implementation of Republic Act No. 11213

( Tax Amnesty Act).

Revenue Memorandum Order No. 20-2019: Modifies the Alphanumeric Tax Code for Business

Income and Income from Profession in BIR Form Nos. 1701/1701A/1701Q pursuant to the

implementation of RA No. 10963 (TRAIN Act).

Revenue Memorandum Circular No. 40-2019: Publishes the full text of PRC Resolution No.

2019-1146, amending relevant provisions of Resolution No. 1032 s. 2017 (Implementing Rules

and Regulations of the Continuing Professional Development Act of 2016)

Revenue Memorandum Circular No. 41-2019: Circularizes the enhanced BIR Form No. 1702-

MX January 2018 (ENCS), which shall be used by non-individuals with mixed income subject to

multiple Income Tax rates or with income subject to special or preferential rate in filing the annual

Income Tax Return and paying the Income Tax due starting the year 2018.

Revenue Memorandum Circular No. 47-2019: Prescribes the revised guidelines and

mandatory requirements for the processing and grant of Value-Added Tax refund claims within

the 90-day period.

SEC Memorandum Circular No. 7; Series of 2019: Guidelines On The Establishment Of A One Person Corporation (OPC)

Notices:

- Collection of Documentary Stamp Taxes (DST)

- Mandatory Disclosure Forms


REVENUE REGULATIONS

NO. 4-2019

Implementing Rules and Regulations of Republic Act

No. 11213, Otherwise Known as the “Tax Amnesty

Act”, Providing for the Guidelines on the Processing

of Tax Amnesty Application on Tax Delinquencies.

Delinquent account shall pertain to a tax

due from a taxpayer arising from the audit of the

BIR, which had been issued Assessment Notices

that have become final and executory due to the

instances specified in the Regulations.

Delinquent account shall pertain to a tax

due from a taxpayer arising from the audit of the

BIR, which had been issued Assessment Notices

that have become final and executory due to the

instances specified in the Regulations.

A. Delinquent Accounts as of the effectivity of the

Regulations, including the following:

Delinquent Accounts with application for

compromise settlement either on the basis

of (a) doubtful validity of the assessment or

(b) financial incapacity of the taxpayer,

whether the same was denied by or still

pending with the Regional Evaluation Board

(REB) or the National Evaluation Board

(NEB), as the case may be, on or before

the effectivity of the Regulations;

Delinquent Withholding Tax liabilities arising

from non-withholding of tax; and

Delinquent Estate Tax liabilities.

B. With pending criminal cases with the

Department of Justice (DOJ)/Prosecutor’s

Office or the courts for tax evasion and other

criminal offenses under Chapter II of Title X and

Section 275 of the Tax Code, as amended, with

or without assessments duly issued;

C. With final and executory judgment by the courts

on or before the effectivity of the Regulations;

and

D. Withholding tax liabilities of withholding agents

arising from their failure to remit withheld

taxes.

The tax amnesty rates shall be as follows:

The tax amnesty rate of one hundred

percent (100%) provided in letter (d) shall apply in

all cases of non-remittance of Withholding Taxes,

even if the same fall under letter (a), (b) or (c)

above.

In cases where the delinquent taxes have

been the subject of application for compromise

settlement pursuant to Section 204 of the Tax

Code, whether denied or pending, as well as

cases with partial/installment payments, the

amount of payment shall be based on the net

basic tax/net amount as certified by the concerned

office following the procedure under Section 5(C)

of the Regulation.

In case the delinquent account/assessment

consists only of unpaid penalties due to either late

filing or payment, and there is no basic tax

assessed, the taxpayer may avail of the tax

amnesty in accordance with the procedure set

forth in Section 5 of the Regulations, without any

payment due.

The documentary requirements, place of

filing of the Tax Amnesty Return (TAR) and

procedures on how to avail the Tax Amnesty on

Delinquencies are specified in the Regulations.

a. Delinquent accounts and assessments which have become final and executory

40% of the

basic tax

assessed b. Tax cases subject of final and

executory judgment by the courts

50% of the

basic tax

assessed c. Pending criminal cases filed

with the DOJ/Prosecutor’s Office or the courts for tax evasion and other criminal offenses under Chapter II of Title X and Section 275 of the Tax Code, as amended

60% of the

basic tax

assessed

d. Withholding agents who withheld taxes but failed to remit the same to the BIR

100% of the

basic tax

assessed


The Notice of Issuance of Authority to

Cancel Assessment shall be issued by the BIR to

the taxpayer availing of the Tax Amnesty on

Delinquencies within fifteen (15) calendar days

from submission of the Acceptance Payment Form

(APF) and TAR. Otherwise, the stamped “received”

duplicate copies of the APF and TAR shall be

deemed as sufficient proof of availment.

Insofar as the tax delinquencies covered by

the TAR is concerned, any notice, attachment and/

or warrant of garnishment issued against the

taxpayer by the concerned BIR office shall be set

aside pursuant to the lifting of the said notices and

warrants issued by the concerned BIR office.

The tax delinquency of those who avail of

the Tax Amnesty on Delinquencies under the

Regulations, upon full compliance with all the

conditions set forth in the Regulations, shall be

considered settled, and the criminal case in

connection therewith and its corresponding civil or

administrative case, if applicable, shall be

terminated. The taxpayer shall be immune from all

suits or actions, including the payment of said

delinquency or assessment, as well as additions

thereto, and from all appurtenant civil, criminal and

administrative cases, and penalties under the 1997

Tax Code, as amended, as such relate to the

internal revenue taxes for taxable years that are

subject of the tax amnesty availed of.

The availment of the Tax Amnesty on

Delinquencies and the issuance of the

corresponding APF do not imply any admission of

criminal, civil or administrative liability on the part

of the availing taxpayer.

REVENUE MEMORANDUM ORDER

NO. 16-2019

Modifies the Alphanumeric Tax Code for

Withholding Taxes in BIR Form No. 1601-EQ

pursuant to RR No. 1-2019.

Continuation...

EXISTING (per ATC Handbook)

MODIFIED/NEW

ATC Description Tax

Rate Tax

Rate

WI650 WC650

On gross amount of refund given by MERALCO to customers with active contracts as classified by MERALCO

Individual Corporate

25%

15%

WI651 WC651

On gross amount of refund given by MERALCO to customers with terminated contracts as classified by MERALCO


32%

15%

WI661 WC661

On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer’s billings of Non-Residential customers whose monthly electricity consumption exceeds 200 kwh as classified by MERALCO


10%

15%

WI663 WC663

On gross amount of interest on the refund of meter deposit whether paid directly to the customers or applied against customer’s billings of Non- Residential customers whose monthly electricity consumption exceeds 200 kwh as classified by other electric Distribution Utili-ties (DU)


20%

15%

WI710 WC710

Interest income derived from any other debt instruments not within the coverage of deposit substitutes and RR No. 14-2012


20%

15%



NO. 18-2019

Amends RMO No. 9-2019 on the allocation of the CY

2019 BIR collection goal by implementing office.

In consideration of the following:

a) The Revised Medium-Term Revenue

Program dated March 18, 2019;

b) Actual Collections for the period January to

December 2018 based on the Consolidated

Monthly Statistical Report of Revenue

Collections (BIR Form No.1209) as of March

13, 2019, (CY 2018 Actual Collection is net of

collections from Non-Recurring Transactions

and Enlisted/Delisted Taxpayers);

c) Computation of Growth Rate on BIR

Operations;

d) Goal by Implementing Office;

e) Allocation of the goal under the Tax

Amnesty on Delinquencies, which was based

on the Accounts Receivable/Delinquent

Accounts Report as of December 31, 2018,

and was distributed over the months of June to

December 2019; and the

f) Goal on Estate Tax Amnesty, which was

distributed from July to December 2019.

The goal allocations provided in RMO No.

9-2019 for the months of January to March

2019 shall remain unchanged and will continue

to be in effect.


NO. 19-2019

Creates the Alphanumeric Tax Code for Tax

Amnesty on Estate and Delinquencies pursuant to

the implementation of Republic Act No. 11213 ( Tax

Amnesty Act)


NO. 20-2019

Modifies the Alphanumeric Tax Code for Business

Income and Income from Profession in BIR Form

Nos. 1701/1701A/1701Q pursuant to the

implementation of RA No. 10963 (TRAIN Act)

ATC

Description

Tax Rate

BIR Form No.

MC320 Estate Tax

Amnesty

6% 0621-EA 2118-EA

MC330 Tax Amnesty on Delinquencies

40%

50%

60%

100%

(of the basic tax assessed)

0621-DA 2118-DA

EXISTING (per ATC Handbook) MODIFIED/ NEW

ATC

Description

Tax Rate

BIR Form

No.

BIR

Form

No.

II012 Business Income - Graduated Income Tax Rates

Graduated Income Tax Rates

1701

1701Q

1701 1701A 1701Q

II014 Income from Profession - Graduated Income Tax Rates

II015 Business Income – 8% Income Tax Rate

8% Income Tax Rate

II017 Income from Profession – 8% Income Tax Rate


REVENUE MEMORANDUM CIRCULAR

NO. 40-2019

Publishes the full text of PRC Resolution No. 2019-

1146, amending relevant provisions of Resolution No.

1032 s. 2017 (Implementing Rules and Regulations of

the Continuing Professional Development Act of

2016)

The CPD is made as a mandatory

requirement in the renewal of the Professional

Identification Card (PICs) of all registered and

licensed professionals under the regulation of the

Professional Regulation Commission. The PIC is

renewable every three (3) years upon compliance

with the requirements set by law.

There shall be a transition period to develop

the necessary standards, processes, capacity, and

infrastructure while minimizing the cost and

inconvenience to professionals covered by the

requirement. During the transition period, the

following shall be observed:

A. Professionals working overseas shall not be

covered by the CPD requirement.

B. Newly-licensed professionals shall not be

covered by the CPD requirement for the first

renewal cycle after obtaining their license.

C. The various CPD Councils shall reduce the

required CPD credit units to a minimum, which

shall not be more than fifteen (15), as provided

for under applicable laws.

CPD Credit Units refer to the value of an

amount of learning achieved from formal, informal

or non-formal learning, including professional work

experience wherein credits can be accumulated to

predetermined levels for the award of a

qualification. Provided, however, that the following

shall not be covered during the transition period:

A. Where Professional Regulatory Laws of

covered professions require compliance with

specific number of CPD Credit Units for the

renewal of the PIC.

B. Where the professional intends to practice

the profession in countries covered by bilateral,

regional or international agreements in which

CPD ...

is a recognition and eligibility requirement, such

as the ASEAN Mutual Recognition

Agreements.

All duly validated and recognized CPD

credit units earned by a professional shall, among

others, be accumulated and transferred in

accordance with the pathways and equivalencies

of the Philippine Qualifications Framework.

A CPD provider shall apply for

accreditation of its program to the CPD Council.

The CPD provider shall indicate the number of

times the program will be offered for monitoring

purposes.

An accredited CPD Provider of a particular

profession may apply for accreditation of its

program/s to the CPD Council of other professions

subject to the approval of the CPD Council

concerned.

In-house training programs and

capacity-building activities of government agencies

and government corporations, including local

government units, and private employers shall be

accredited and considered as CPD compliance of

their employed professionals.

All CPD programs duly submitted for

accreditation shall be deemed approved after ten

(10) working days from receipt thereof if no

feedback from the CPD Council is received.

Thereafter, the CPD providers shall be allowed to

offer the same, provided, that the applicable rule of

awarding of credits is strictly observed.

CPD providers with valid accreditation at

the time this Resolution takes effect may still

continue their public offering of CPD programs and

award the corresponding CPD credit units

approved by the concerned CPD Councils.

Professionals who executed an

Undertaking prior to the effectivity of this

Resolution shall only comply with the required

number of credit units, as amended, pursuant to

this Resolution equivalent to not more than fifteen

(15) credit units.

The Professional Regulatory Boards and

their respective CPD Councils are given a period

of one (1) month to consult with their stakeholders

for review of their Operational


Guidelines and to accordingly amend the

same to conform with this issuance. Those which

have not issued their Operational Guidelines shall

be guided by this issuance.


NO. 41-2019

Circularizes the enhanced BIR Form No. 1702-MX

January 2018 (ENCS), which shall be used by non-

individuals with mixed income subject to multiple

Income Tax rates or with income subject to special

or preferential rate in filing the annual Income Tax

Return and paying the Income Tax due starting the

year 2018

The revised manual returns are already

available in the BIR website (www.bir.gov.ph)

under the BIR Forms-Income Tax Return section.

However, the Forms are not yet available in the

Electronic Bureau of Internal Revenue Forms

(eBIRForms) and Electronic Filing and Payment

System (eFPS); thus, eBIRForms/eFPS filers shall

use the existing old version available in eFPS and

in the Offline eBIRForms Package in filing the said

return, except for those taxpayers who elected

optional standard deduction (OSD) as the method

of deduction which shall use the manual returns.

The General Professional Partnership who

elected OSD on the first quarter as their method of

deduction shall likewise use the manual return.

The Revenue District Offices (RDOs) shall

receive the manually-filed returns by the taxpayers,

either no payment returns or returns with payments

made online. Manual filers shall download the PDF

version of the form, print the form and completely

fill out the applicable fields, otherwise they shall be

subjected to penalties under Sec. 250 of the Tax

Code, as amended.


NO. 47-2019

Prescribes the revised guidelines and

mandatory requirements for the processing

and grant of Value-Added Tax refund claims

within the 90-day period

The time frame to process and grant

claims for VAT refund is ninety (90) days from

the date of submission of the official receipts

or invoices and other documents in support of

the application filed up to the release of the

payment for the approved amount of the

refund.

The Application for VAT Credit/Refund Claims

(BIR Form No. 1914) shall be received by the

following BIR offices:

A. VAT Credit Audit Division (VCAD) -

for direct exporters, regardless of the

percentage of export sales to total

sales and whose claims are anchored

under Section 112(A) of the Tax Code of

1997, as amended

B. Revenue District Office (RDO) or LT

Audit Division having jurisdiction over the

taxpayer-claimant - for taxpayers

engaged in other VAT zero-rated sales

(e.g. Renewable Energy Developers and

those with indirect exports classified as

effectively VAT zero-rated sales) whose

claims are anchored under Section 112(A)

of the Tax Code of 1997, as amended

C. RDO or LT Audit Division having

jurisdiction over the taxpayer-claimant -

for taxpayers whose VAT Registration

have been cancelled pursuant to Section

112(B) of the Tax Code of 1997, as

amended

Subject to the provisions of Sec. 4.112-

1(b) of RR No. 13-2018, the filing of the claim

for VAT refund of a VAT-registered person

whose registration has been cancelled due to

retirement from or cessation of business, or

due to changes in or cessation of status shall

be at the BIR office which has jurisdiction over

the taxpayer, within two (2) years from the

date of issuance of the Tax Clearance by the

BIR.

Continuation...


Upon filing of the claim, the taxpayer-

claimant shall have no outstanding tax

liabilities. Outstanding VAT liability with the BIR

may be deducted from the approved refund on

the BIR portion. If there is a VAT liability with

the BIR and the claim includes refund of input

VAT on importations which necessitates

endorsement to the Bureau of Customs (BOC)

for processing of the payment, the VAT

liability with the BIR must first be settled

before filing the application for VAT refund with

the BIR.

The taxpayer-claimant shall ensure the

completeness and authenticity of the

documentary requirements upon filing of the

application for VAT refund. Failure on the part

of the taxpayer-claimant to submit the complete

documents in support of the claim shall result

in non-acceptance of the applications. No

additional document/s shall be subsequently

requested/required from the taxpayer-claimant.

Any unsupported claim shall be outrightly

disallowed, resulting in full/partial denial of the

claim.

The person who will sign and file the

application for VAT refund, execute affidavit/s

and/or such other document/s supporting the

claim shall be duly authorized by the taxpayer.

The “Secretary’s Certificate” or “Special

Power of Attorney” designating/authorizing

said representative of the corporate claimant or

sole proprietorship/partnership, as the case may

be, should be notarized and must be

presented to the processing office, together with

one (1) valid government-issued Identification

Card (ID) of the said authorized representative.

The documents to be submitted by the

taxpayer-claimant upon filing of the application

for VAT refund, including the Revised

Checklist of Mandatory Requirements, are

specified in the Circular.

As part of the Transitory Provisions, the

taxpayer-claimant shall submit the following

documents within thirty (30) days from date of

filing:

1. “Certification of VAT Payment” from

BOC RAD;

2. Consularized copy of the certificate

of foreign registration/ incorporation/

association of the NRFC for purposes of

the claims whose zero-rated sales are

anchored under Sections 108(B)(2) of

the NIRC of 1997, as amended; and

3. The certifications required for claims

whose zero-rated sales are anchored

under Section 108(B)(4) of the Tax

Code of 1997, as amended, as required

under Section II(9) of this Circular.

Non-submission of said documents

within the prescribed period may result in

partial or full denial of the application, as the

case may be.

For VAT refund claims to be filed on

June 1, 2019 and thereafter, all documents as

required in the Circular shall be submitted

upon filing.

Continuation...


SEC MEMORANDUM CIRCULAR NO. 7

SERIES OF 2019

GUIDELINES ON THE ESTABLISHMENT OF A ONE PERSON CORPORATION (OPC)

In accordance with the power and function

of the Securities and Exchange Commission to

formulate and enforce standards and policies to

carry out the provisions of Republic Act 11232, the

Act providing for the Revised Corporation Code of

the Philippines (RCC), the following guidelines,

rules and regulations in the establishment of a One

Person Corporation (OPC) are hereby adopted:

Section 1. Definition and Incorporator

A one person corporation (OPC) is a

corporation with a single stockholder, who can only

be a natural person, trust or estate.

The incorporator of an OPC being a natural

person must be of legal age.

As an incorporator, the "trust" as used by

the law does not refer to a trust entity, but the

subject being managed by a trustee.

If the single stockholder is a trustee,

administrator, executor, guardian, conservator,

custodian, or other person exercising fiduciary

duties, proof of authority to act on behalf of the

trust or estate must be submitted at the time of

incorporation.

Section 2. Term of Existence

The term of existence of the OPC shall be

perpetual. However, in case of the trust or estate,

its term of existence shall be co-terminous with the

existence of the trust or estate.

The OPC under the name of the estate

may be dissolved upon proof of Partition, such as

Order of Partition issued by the Court in case of

Judicial Settlement and Deed of Extrajudicial

Settlement in case of summary settlement of the

estate.

The OPC under the name of the Trustee

may be dissolved upon proof of termination of the

trust.

Section 3. Corporate Name

The suffix "OPC" should be indicated by

the one person corporation either below or at the

end of its corporate name.

Section 4. Single Stockholder as Director and

Officer

The single stockholder shall be the sole

director and president of the OPC.

Section 5. Designation of Nominee and

Alternate Nominee

The single stockholder is required to

designate a nominee and an alternate nominee

named in the Articles of Incorporation who shall

replace the single stockholder in the event of the

latter's death and/or incapacity. The written

consent of both the nominee and alternate

nominee shall be attached to the application for

incorporation.

Section 6. Only Articles of Incorporation Needed

The OPC shall file its Articles of

Incorporation (AI) in accordance with the

requirements of Section 14 of the Revised

Corporation Code of the Philippines. The AI must

set forth its primary purpose, principal office

address, term of existence, names and details of

the single stockholder, the nominee and

alternate nominee and the authorized,

subscribed and paid-up capital and such other

matters consistent with law and which may be

deemed necessary and convenient.

For facility of registration, applicants may

follow the attached sample of the Articles of

Incorporation of an OPC.


Section 7. Bylaws

The OPC is not required to submit and file

its Bylaws.

Section 8. Minimum Capital Stock Not Required

The OPC is not required to have a

minimum authorized capital stock except as

otherwise provided by special law. Further,

unless otherwise required by applicable laws or

regulations, no portion of the authorized capital is

required to be paid-up at the time of

incorporation.

Section 9. Officers

Within fifteen (15) days from the issuance

of its Certificate of Incorporation, the OPC shall

appoint a Treasurer, Corporate Secretary, and

other officers, and notify the SEC thereof within

five (5) days from appointment, using the

Appointment Form as may be prescribed by the

SEC.

The single stockholder shall not be

appointed as Corporate Secretary but may

assume the role of a Treasurer.

Section 10. Bond Requirement for the

Self-Appointed Treasurer

The single stockholder who assumes the

position of the Treasurer shall post a surety bond

to be computed based on the authorized capital

stock (ACS) of the OPC as shown in the Table

below:

*Subject to renewal every two (2) years or as

may be required, upon review of the annual

submission of the Audited Financial Statements/

Financial Statements certified under oath by the

company's President and Treasurer.

** The bond is a continuing requirement for so

long as the single stockholder is the self-

appointed Treasurer of the OPC.

*** The bond may be cancelled upon proof of

appointment of another person as the Treasurer

and Filing of Amended Form for Appointment of

Officers.

Section 11. Change of Nominee or Alternate

Nominee

The single stockholder may, at any time,

change its nominee and alternate nominee by

submitting to the Commission the names of the

new nominees and their corresponding written

consent. The Articles of Incorporation need not

be amended.

Attached is the sample form for the

Notice of the Change of nominee and alternate

nominee.

ACS

Surety Bond Coverage*

1.00 to 1,000,000.00 1,000,000.00

1,000,001.00 to 2,000,000.00

2,000,000.00

2,000,001.00 to 3,000,000.00

3,000,000.00

3,000,001.00 to 4,000,000.00

4,000,000.00

4,000,001.00 to 5,000,000.00

5,000,000.00

P 5,000,001.00 and above = Amount of surety bond coverage shall be equal to the OPC's ACS

Continuation...


Section 12. Incapacity or Death of the Single

Stockholder

In case the single stockholder becomes

incapacitated, the nominee can take over the

management of the OPC as director and

president. At the end of the incapacity, the single

stockholder can resume the management of the

OPC.

In case of death or permanent incapacity

of the single stockholder, the nominee will take

over the management of the OPC until the legal

heirs of the single stockholder have been lawfully

determined and the heirs have agreed among

themselves who will take the place of the de-

ceased.

Section 13. Reportorial Requirements

The OPC must submit the following

documents within the period required by the SEC:

A) annual audited financial statements within 120

days from the end of its fiscal year as indicat-

ed in its Articles of Incorporation; Provided,

that if the total assets or total liabilities of the cor-

poration are less than six hundred thousand pe-

sos (P600,000.00), the financial statements shall

be certified under oath by the corporation's treas-

urer;

B) a report on all explanations or comments by

the president on the qualification, reservation or

adverse remarks made by the auditor in the

financial statements;

C) a disclosure of all self-dealings and related

party transactions entered into between the OPC

and the single stockholder; and

D) other reports as the SEC may require.

Section 14. Who are Not Allowed to Form OPCs

Banks, non-bank financial institutions,

quasi-banks, pre-need, trust, insurance, public

and publicly listed companies, non-chartered

government-owned and-controlled corporations

(GOCCs) cannot incorporate as OPC.

A natural person who is licensed to

exercise a profession may not organize as an

OPC for the purpose of exercising such

profession except as otherwise provided under

special laws.

Section 15. Foreign National

A foreign natural person may put up an

OPC, subject to the applicable capital

requirement and constitutional and statutory

restrictions on foreign participation in certain

investment areas or activities.

NOTICE

COLLECTION OF DOCUME NTARY STAMP TAXES (DST)

Effective April 22, 2019, the Securities

and Exchange Commission (SEC), in

compliance with Section 188 of the National

Internal Revenue Code, as amended by the Tax

Reform for Acceleration and Inclusion (TRAIN)

Law and as approved during Commission En

Banc meeting on April 3, 2019, shall collect

Documentary Stamp Tax amounting to Thirty

Pesos (P30.00) for every certificate the SEC will

issue.

NOTICE

MANDATORY DISCLOSURE FORMS

Please be informed that the deadline for

the submission of the Mandatory Disclosure

Forms for Non-Stock Corporations/Non-Profit

Organizations (NPOs) as required under SEC

Memorandum Circular No. 15, series of 2018

has been moved to 31 July 2019 pursuant to

the Commission En Banc Resolution on 25 April

2019.

Continuation...


LLAMES, GEMDEXTER A.

Tax Specialist

This bulletin is a compilation of relevant issuances, rulings and memoranda from various government agencies to

enhance the technical skills of the professional staff of Paguio, Dumayas and Associates, CPAs and is not intended to

replace the original issuances of the related government agencies.

PAGUIO, FLOYD C.

Managing Partner

[email protected]

[email protected]

GALLEGOS, AIRA G.

Tax Specialist

[email protected]

MELCHOR, AILEEN P.

Senior Tax Specialist

[email protected]

ASADON, KEN JOHN B.

Tax Supervisor

Unit 3207 Cityland Pasong Tamo Condominium, Pasong Tamo St., Barangay Pio del Pilar, Makati City

Contact us at: 950-9853/950-9854

We are a team of Certified Public Accountants, who aim to be the

accounting firm of choice for business entities in terms of:

Audit and Assurance

Taxation

Business Process Outsourcing

Management Consultancy

[email protected]

RULLODA, JOHN ERIC M.

Tax Specialist

[email protected]

quality assurane ulletin i april 2019 edition...

Documents