MEMORANDUM NO. 2012-021 OCET Training Calendar of Activities
MEMORANDUM NO. 2012-020 Request of DOE for the Submission of Monthly Financial and Statistical Report (MFSR) and Electricity Rates Data
MEMORANDUM NO. 2012-019 Creation of a Sitio Electrification Unit in the ECs
MEMORANDUM NO. 2012-018 2012 NEA-ECs’ Nationwide Tree Planting Program
MEMORANDUM NO. 2012-017 Responsibility and Accountability of EC Officials in the Implementation of the Sitio Electrification Program (SEP)
REGULATIONS
for 2012 Contains relevant economic and financial regulations issued by the BSP.
CIRCULAR Contains BSP circulars issued during the period.
766-08.17.2012 Guidelines in Strengthening Corporate Governance and Risk Management Practices on Trust, Other Fiduciary Business, and Investment Management Activities.
765-08.03.2012 Revised Outsourcing Framework for Banks
764-08.03.2012 Revised Financial Outsourcing Framework for Non-Bank Financial Institutions
763-08.03.2012 Regulatory Relief to Banks Under Rehabilitation Program
CIRCULAR LETTERS Contains non-regulatory issuances of the BSP addressed to particular entities or categories of institutions.
CL-2012-068 09.20.2012 AMLC Resolution Nos. 70 dated 06 August 2012 Approving the Implementing Rules and Regulations of RA No. 10168 and 84 dated 23 August 2012 Approving the Revised Implementing Rules and Regulations of RA No. 9160, as amended by RA Nos. 9194 and 10167
CL-2012-067 09.14.2012 Conversion/Upgrading of Enterprise Bank, Inc. (A Rural Bank) into a Thrift Bank Under its New Corporate Name “Enterprises Bank, Inc. (A Thrift Bank)
CL-2012-066 09.06.2012 Rural Bank of Lubao (Pampanga), Inc. Change of Corporate Name
CL-2012-065 08.24.2012 Lost Bangko Sentral Registration Documents (BSRSs)
CL-2012-064 08.22.2012ING Bank N.V. Manila Branch’s (ING Bank) Withdrawal of Trust License
CL-2012-063 08.17.2012 East-West Banking Corporation – Conversion to a Universal Bank
CL-2012-062 08.17.2012 Lost Bangko Sentral registration Document (BSRD)
CL-2012-061 08.10.2012Rural Bank of Pagsanjan, Inc – Change of Corporate Name
CL-2012-060 08.08.2012 Manual of Regulations for Banks and Non-Bank Financial Institutions – updated as of 31 December 2011
CL-2012-059 08.03.2012 Lost Bangko Sentral Registration Document (BSRD)
MEMORANDA Contains guidelines or procedural requirements, clarifications, explanations, and interpretations of provisions of laws or of BSP circulars
M-2012-045 09.20.2012 MB Resolution No. 1529. A dated 20 September 2012 Placement of the Rural Bank of Tagaytay City, Inc. Under Receivership
M-2012-044 08.24.2012 Regulatory Relief for Banks Affected by Tropical Storm “Helen” and Enhanced Southwest Monsoon
M-2012-043 08.16.2012 MB Resolution No. 1335 dated 16 August 2012 Placement of the Rural Bank of Balete (Aklan), Inc, Under Receivership
M-2012-042 08.17.2012 Regulatory Relief for Banks Affected by Southwest Monsoon “Habagat”
M-2012-041 08.09.2012 MB Resolution No. 1306 dated 09 August 2012 Placement of the Rural bank of Taft (Eastern Samar), Inc. Under Receivership
M-2012-040 08.08.2012 Strengthening Program for Rural Banks (SPRB) Plus
M-2012-039 08.02.2012 MB Resolution No. 1241 dated 01 August 2012 – Placement of the Rural Bank of Victoria (Oriental Mindoro), Inc. Receivership
REVENUE REGULATIONS NO. 1-2012 issued on February 20, 2012 requires the mandatory submission of Quarterly Summary List of Sales and Purchases (SLSP) by all Value-Added Tax (VAT) registered taxpayers, thereby amending Section 4.114-3 of Revenue Regulations (RR) No. 16 -2005, as amended, otherwise known as the Consolidated Value-Added Tax Regulations of 2005.
REVENUE REGULATIONS NO. 4-2012 issued on March 28, 2012 amends Revenue Section 2.6 of Revenue Regulations No. 13-2011 by deleting Section 2.6.1 thereof, which provides that penalties and/or interest imposed on the taxpayer may be abated or cancelled on the ground of one day late filing and remittance due to failure to beat the bank cut-off time.
REVENUE REGULATIONS NO. 7-2012 issued on April 2, 2012 amends the consolidated Revenue Regulations on primary registration, updates and cancellation, particularly on the following:
a. Registration, updates and cancellation procedures;
b. Venue, Forms & Documentary Requirements;
c. Annual Registration Fee;
d. Certification Fee; and
e. Penalties for registration-related violations.
REVENUE REGULATIONS NO. 8-2012 issued on May 11, 2012 further amends Revenue Regulations (RR) No. 2-98, as last amended by RR Nos. 5-2008 and 5-2011, relative to the “De Minimis Benefit,” uniform and clothing allowance not exceeding P 5,000 per annum, which is exempt from Income Tax on compensation as well as from fringe benefit tax.
REVENUE REGULATIONS NO. 11-2012 issued on August 17, 2012 amends certain provisions of RR No. 1-2011 dated February 24, 2011 relative to the documentation of remittances made by Overseas Contract Worker or Overseas Filipino Worker and other matters.
REVENUE MEMORANDUM CIRCULAR NO. 11-2012 issued on March 22, 2012 clarifies the tax consequences of Power Sector Assets and Liabilities Management Corporation (PSALM) transactions.
REVENUE MEMORANDUM CIRCULAR NO. 12-2012 issued on March 27, 2012 circularizes the full text of the Cooperative Development Authority’s (CDA) memorandum to all the Regional Directors instructing them to refrain from issuing certificates of registration to cooperatives not specifically identified under Republic Act 9520, such as labor contracting, professional, construction, mining and other cooperatives similarly created, and to conduct inspection/examination and/or investigation to verify complaints that the said cooperatives were used as tax shields.
REVENUE MEMORANDUM CIRCULAR NO. 38-2012 issued on August 6, 2012 provides question and answers to further clarify the provisions of Revenue Regulations (RR) 7-2010, as amended by RR 8-2010, implementing the tax privileges provisions of R.A. 9994, otherwise known as “Expanded Senior Citizens Act ofn2010”.
REVENUE MEMORANDUM CIRCULAR NO. 57-2012 issued on September 20, 2012 publishes the full text of Memorandum Circular No. 2012-08 of the Cooperative Development Authority in relation to the provisions of the temporary recall of the delegated function to register selected types of primary cooperatives.
REVENUE MEMORANDUM CIRCULAR NO. 59-2012 issued on October 1, 2012 publishes the matrix of latest wage rates per region provided by the National Wages and Productivity Commission, Department of Labor and Employment.
REVENUE MEMORANDUM ORDER NO. 13-2012 issued on May 16, 2012 prescribes the revised guidelines and procedures in handling Letter Notices (LNs) generated through Third-Party Information (TPI) data matching with tax returns.
The Order covers the Income, Value-Added and/or Percentage Tax liabilities of individual and corporate taxpayers who are issued LNs based on the Reconciliation of Listing for Enforcement System (RELIEF), Bureau of Customs (BOC) and Tax Reconciliation System (TRS) TPI data matching programs.
REVENUE MEMORANDUM ORDER NO. 19-2012 issued on August 31, 2012 prescribes the policies and procedures in the Value-Added Tax (VAT) Audit Program for Large Taxpayers Service (LTS).
Enhanced Policies, Guidelines and Procedures Governing Increases in Tuition and other School Fees, Introduction of New Fees, and for Other Purposes.
For more details, please read the following attached pdf file from CHED.
Designating the Department of Transportation and Communications (DOTC) , Through the Maritime IndustryAuthority, as the Single Administration in the Philippines Responsible for Oversight in the Implementation of the 1978 International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, as Mended.
For more details, please read the following attached pdf file from MTC.