In filing a claim for refund or credit of creditable withholding tax, compliance with the following must be met: The claim for refund must be filed within the two-year prescriptive period. The administrative and judicial remedy of filing a claim for refund of erroneously or excessively paid tax must be
The online submission (via MC28_S2020@sec.gov.ph) of the forms/notices must be done on or before the above-mentioned deadline, while the filing of the hard copies of the said forms/notices shall be optional. Filing of hard copies may be done via submission/appointment to ICTD-ERMD Receiving Unit. For your easy reference, the Circular may
The SEC provides financial reporting relief for FCs, LCs, and accredited MG-NGOs. It allows a staggered booking of provision for credit losses for annual period ending on or after December 31, 2020 (to consider those with fiscal year-end) for a maximum period of five (5) years using straight-line amortization method
