SyCipLaw Bulletin 25: Recent SEC Issuances (a Corporate Services Department Client Bulletin)

This is a briefing of the latest COVID-19 related issuances of the Securities and Exchange Commission (“SEC”) as of 8 July 2020: A.1. Filing of General Information Sheet (“GIS”) and Audited Financial Statements (“AFS”)(See SEC Notice dated 30 June 2020, http://www.sec.gov.ph/wp-content/uploads/2020/06/2020Notice_Resumption-of-Operations-in-SEC-Main-Office-and-Adjustment-of-Deadlines.pdf and…

SyCipLaw Bulletin # 21: More Businesses Entitled to a Grace Period on Lease Rentals; New BIR Guidelines for June 14 Tax Payments

This is a briefing on the issuances as of June 6, 2020 on the following matters in relation to the COVID-19 pandemic: A. Businesses Not Allowed to Operate during the ECQ and MECQ are Now Entitled to a Grace Period…

SyCipLaw Bulletin # 19: Revised IATF Omnibus Guidelines; No Further Extension of Deadlines to Pay Taxes

This is a briefing on the issuances as of May 24, 2020 on the following matters in relation to the COVID-19 pandemic: A. IATF Revises the Omnibus Guidelines on the Implementation of Community Quarantine in the Philippines (IATF Resolution No. 38…

SyCipLaw Bulletin # 12: Further extension to pay taxes; Other COVID-19 related issuances

The following updates, among others, were covered by SyCipLaw’s bulletin to its clients: A. The Secretary of Finance has issued Revenue Regulations (RR) No. 10-2020 dated April 9, 2020 to amend RR No. 7-2020 “in consideration of the extension of…

SyCipLaw Bulletin # 11: Enhanced Community Quarantine Extended until April 30; Bayanihan Act IRRs

The Enhanced Community Quarantine (ECQ) over Luzon has been extended until 11:59 PM of April 30, 2020. This is pursuant to the Memorandum issued on April 7, 2020 by the Executive Secretary. The ECQ period was initially from March 17…

SyCipLaw Bulletin # 10: Online Filing of Cases, Electronic Inquest (PH updates on COVID-19 issuances)

The following updates were covered by SyCipLaw’s bulletin to its clients: A. Supreme Court (SC) issued SC Administrative Circular No. 33-2020 (Online Filing of Complaint or Information and Posting of Bail due to Rising Cases of COVID-19 Infection, dated March 31, 2020)…

SyCipLaw Bulletin # 7: SEC, BSP, IPO, PEZA, ARTA, IC, PCC Issuances Relating to the COVID-19 Pandemic

A. On March 20, 2020, the Securities and Exchange Commission (SEC) set out guidelines on the submission of the GIS, audited financial statements (AFS), and all other general and special forms and letter (Submitted Documents) via electronic mail (email) during…

SyCipLaw Bulletin # 3: Bureau of Internal Revenue (BIR) Extends Deadlines for the Payment of Various Taxes and Filings and Securities and Exchange Commission (SEC) Allows the Filing of General Information Sheets (GIS) via Email

A. Bureau of Internal Revenue (BIR) Extends Deadlines for the Payment of Various Taxes and for the Filing of Annual Income Tax Returns (AITR), Value-Added Tax (VAT) Refund Applications and Various Other Tax Returns To recall, on March 16, 2020, the Commissioner…