Villar Land, Officers Fined Millions for Reporting Delays; Land Valuation Under Scrutiny Citing repeated delays in financial reporting, the SEC has imposed a ₱12 million fine on Villar Land Holding Corp. and its officers. The fine coincides with an ongoing…
Here’s what you need to know about the new Documentary Stamp Tax (DST) rates, now in effect under Republic Act No. 12214, the Capital Markets Efficiency Promotion Act (CMEPA). Please note: These guidelines apply to original issuers, not buyers in…
The Bureau of Internal Revenue (BIR) filed 23 tax evasion complaints with the Department of Justice (DOJ) today, targeting 23 corporations, 56 corporate officers, and 17 CPAs. The alleged “ghost receipts” scheme resulted in over ₱1.41 billion in unpaid taxes…
Tax deadlines are looming! The August tax deadline is just around the corner, and next week is jam-packed, so don’t get caught off guard. Prepare and organize your tax files now to avoid last-minute stress. Need assistance? Message us today.
Tax Evasion Allegations Rock World Balance’s Parent Company CHG Global Inc., parent company of World Balance, and its officers are facing 34 tax evasion charges, the BIR revealed Monday. The Department of Justice (DOJ) filed the cases—for violations of the…
Our Audit and Tax Director, Mr. Edison Saguirer, took his Oath of Office as VP-Professional Development of PICPA Laguna Chapter for fiscal year July 2025-2026. This milestone highlights his continued commitment to professional excellence and service to the accounting community.…
July is a key month for tax submissions. Late filings can lead to penalties, so it’s best to take action now. Whether you’re catching up or finalizing reports, we’re ready to support you. Send us a message to get started
Important Update from PCHC: New Check Format This July! The Philippine Clearing House Corporation (PCHC )’s new check-filling format is now in effect, as of July 1st. Banks have issued new check-filling guidelines (per PCHC Memo Circular No. 3814) to…
The FMAS family extends its warmest congratulations to Quintin Mendoza, son of our esteemed President, on his invitation to speak at the prestigious Joint 1st PICPA LGAO and 2nd Central Luzon Region International Conference held at the Marriott Hotel, Melbourne,…
June is shaping up to be a tax-tastic rollercoaster, especially with several important filing deadlines just around the corner. Whether you’re submitting your monthly VAT, withholding tax, or other government compliances, now is the time to double-check your documents and…