Guidelines in the Claim of Input Value-Added Tax (VAT) Pursuant to Section 110 of the Tax Code, as AmendedMarch 3, 2022
Revenue Memorandum Circular (RMC) No. 23-2022March 11, 2022
The Securities and Exchange Commission issued on February 8, 2022 the SEC Memorandum Circular No. 2, Series of 2022 on the Schedules for Filing of Annual Financial Statements and General Information Sheet.
The schedule of filing of the AFS of companies whose fiscal year ends on December 31, 2021 will be based on the last numerical digit of their SEC registration or license number, as applicable. This applies to all corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations.
SEC MC No. 2, s. 2022 further states the measures to be adopted for the use of Electronic Filing and Submission of Tool (eFAST) in filing of the annual reports.
Note that as part of the 2022 SEC CAN! Webinar Series, the SEC held last Friday, March 4, 2022, a webinar on the SEC Electronic Filing and Submission Tool (eFAST), formerly known as the Online Submission Tool (OST). The requirements and procedures for enrollment and submission of reports using eFAST were discussed.
The mandatory filing of required reports via eFAST was further reiterated during the discussion. Submission of reports Over-the-Counter (OTC) and or through mail/courier via SENS shall no longer be accepted.
Please check the link (https://www.sec.gov.ph/mc-2022/mc-no-02-s-2022/ ) for guidance.