Kittelson & Carpo Consulting – Advisories
We release advisories on the latest issuances, memorandums, and notices from the government for companies doing business in the Philippines.
The Securities and Exchange Commission (SEC) issued SEC Memorandum Circular (MC) No. 3-2021 to prescribe the use of the Online Submission Tool (OST) for the filing of audited financial statements (AFS), general information sheets (GIS), and other annual reports of registered corporations in the Philippines.
In an effort to further combat money laundering and terrorist financing activities in the Philippines, the Securities and Exchange Commission (SEC) issued SEC Memorandum Circular (MC) No. 01-2021, otherwise known as the Beneficial Ownership Transparency Guidelines.
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-MEID) issued Resolution No. 98 on February 4 to prescribe the list of foreign nationals allowed to enter the Philippines starting February 16.