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Invoices must now disclose creditable withholding tax

This Tax Alert is issued to inform taxpayers of the additional invoicing requirement introduced under Revenue Regulations (RR) No. 6-2026, which mandates the disclosure of creditable withholding tax ...
Grant Thornton Philippines

28th SOASP launches with renewed commitment to nurturing future accountancy professionals

The Search for the Outstanding Accounting Students of the Philippines (SOASP) continues on its 28th year as P&A Foundation, ...
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Meet our people

Meet our people ...
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From Where We Sit

Every management team knows the scene. A crisp strategy, walk the board through disciplined forecasts, and land on a valuation built from rigorous cash-flow projections discounted at the weighted ...
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FY2027 FS Preparation Masterclass: Practical Application of PFRS 18, Accounting Updates, and Evolving Regulatory Expectations

This masterclass provides practical guidance on the preparation of financial statements, focusing on the application of PFRS 18, Presentation and Disclosure in Financial Statements, including ...
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Sustainability Reporting: A Masterclass on IFRS S1 and S2 Disclosures

The Securities and Exchange Commission (SEC) released SEC Memorandum Circular No. 16, Series of 2025, which requires all Publicly Listed Companies (PLCs) and Large Non-Listed Entities (LNLs) to adopt ...
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All barangays are now mandated to file through eBIR forms

Originally, the following non-eFPS filers are required to use eBIR Forms in filing their tax returns under Revenue Regulations (RR) No. 6-2014: With the issuance of RR No. 4-2023, the exception for ...
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IASB issues annual improvements to IFRS Accounting Standards

The publication is a collection of amendments to IFRS Standards discussed by the IASB during the current project cycle for annual improvements. The IASB uses the Annual Improvements process to make ...
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FAQs on the Beneficial Ownership Disclosure Rules of 2026

On January 29, 2026, the Securities and Exchange Commission (SEC) has released a comprehensive set of Frequently Asked Questions (FAQs) to guide entities in complying with the Beneficial Ownership ...
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BIR Prescribes Mandatory Display of Registration Seal Badge for Online Businesses

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 38‑2026 implementing the requirements for taxpayers engaged in online business to post proof of BIR registration ...
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BIR clarifies tax treatment of interest on borrowings

Several issues and concerns emerged for taxpayers due to the disparity in computing interest expenses for presentation in tax returns and financial statements. With this, the BIR issued Revenue ...
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Revisiting the VAT refund rules under EoPT law

It has been more than a month since Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes (EOPT) Act” was signed into law and took effect on 22 January 2024. This law was enacted ...