In Revenue Memorandum Order No. 36-2022, issued last September 15, 2022, the Bureau of Internal Revenue prescribed the guidelines and procedures on the acceptance of Information and Communications Technology (ICT) Systems/Solutions to be donated by a Third Party Developer (TPD)/Provider to the BIR.   Read the full memorandum here....

In Revenue Memorandum Circular No. 123-2-22, issued last August 31, 2022, the Bureau of Internal Revenue (BIR) clarified the provisions of Revenue Regulations (RR) No. 6-2022 relative to the removal of the five (5) – year validity period on receipts/invoices, which shall took effect last July 16, 2022.   The Memorandum sheds...

In Revenue Memorandum Circular No. 122-2022, issued last August 22, 2022, the Bureau of Internal Revenue (BIR) prescribed the guidelines in the updating of registration information record of taxpayers who will enroll in the Bureau's Online Registration and Update System (ORUS).   The guidelines cover all taxpayers who intend to transact online...

The Department of Information and Communications Technology (DICT) signed the Memorandum of Agreement (MoU) for digital cooperation between the Philippines and Singapore last September 7, 2022.   According to DICT Secretary Ivan Uy, the signing of the MoU comes at the most opportune time as the country gears up to welcome foreign...

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) issued a resolution last September 5, 2022 recommending the lifting of the mask mandate.   Citing its authority under Section 2(c) of Executive Order No. 168, series of 2014, to prevent and/or minimize the local spread of emerging infectious diseases,...

The National Telecommunications Commission (NTC) issued Memorandum Order No. 006-09-2022, ordering mobile phone manufacturers, distributors, and dealers to inform the public of protective measures they can take against text scams.   The NTC met with representatives of mobile phone manufacturers, distributors, and dealers to discuss measures to protect users in light of...

The Department of Labor and Employment (DOLE) issued Labor Advisory No. 17-22 allowing the private sector to suspend work in case of weather disturbances and similar occurrences, and providing for the appropriate payment of wages during the same.   According to Labor Secretary Bienvenido E. Laguesma, employers in the private sector may...

The Bangko Sentral ng Pilipinas (BSP) has formally institutionalized the Regulatory Sandbox Framework by amending the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Nori-Bank Financial Institutions (MORNBFl).   The Regulatory Sandbox Framework is a step towards the BSP’s goal of fostering an enabling environment for responsible innovation...

The Bangko Sentral ng Pilipinas (BSP) is amending certain portions of the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) particularly those in relation to Unit Investment Trust Funds (UITFs).    The move comes in response to the growing number of new retail investors...

In a Circular dated September 6, 2021, the Commission on Audit set the guidelines in using electronic documents, electronic signatures, and digital signatures in government transactions. The guidelines were issued for the purpose of determining accountability and resolving doubts over the reliability of information used as audit evidence. Consequently, the...