The Bureau of Internal Revenue (BIR) has been making deficiency tax assessments on the income payments made by local companies and agencies to nonresident foreign corporations (NRFCs), particularly tech giants like Amazon, Google and Facebook (or Meta). The deficiency tax assessments include nonwithholding of final tax on income payments made online e.g., Facebook Ads plus …
Asian Consulting Group’s Chairman and CEO, Mon Abrea, is set to travel to the United States today, December 27, 2021, to give Investment and Tax Briefings in different major states and cities. In partnership with the Department of Trade and Industry (DTI) and as part of the Trabaho, Negosyo, at Kabuhayan (TNK) Program, the International …
Join us this season of giving and celebration! Center for Strategic Reforms of the Philippines will have its yearly tradition of Pamaskong Handog para sa Kabataan at Pamilyang Pilipino on December 15, 2021 in partnership with Asian Consulting Group, Dingdong.PH and YesPinoy Foundation. For more than a decade, the Pamaskong Handog para sa Kabataan at …
Pamaskong Handog para sa Pamilyang Pilipino is happening this December 15, 2021! Read More »
Chairman and CEO of Asian Consulting Group, Mon Abrea, has made it clear that to fully be able to make taxes easier for everyone, the government must be proactive in reviewing and revising the passed legislation to further cater it to the needs of taxpayers and to cease corrupt activities in the government. In the …
In aid of legislation, recommendations are made to urge the government to do better. Read More »
Are you currently being audited by the BIR and you’re not exactly sure how to go about it? In the latest published Rappler Article, ACG Chairman and CEO, Mon Abrea, briefly discusses what criteria the BIR considers during an issue-based audit program. Generally, all taxpayers are possible candidates when it comes to being audited by …
It’s not too late to register for Session 2 and 3! Read More »
Tax expert of the Senate Blue Ribbon, Mon Abrea pushes for more tax reforms in aid of legislation. As Co-Chair of the Ease of Doing Business, he is scheduled to give investment and tax briefings in the US in January 2022. Chairman and CEO of the Asian Consulting Group Mon Abrea, who serves as tax …
How does the Bureau of Internal Revenue conduct its auditing process? The very first step is a Letter of Authority, a very crucial document. It is usually issued by the CIR and presented by its duly authorized revenue officer to the company or individual involved in the tax complaint. It must be issued 30 days …
Asian Consulting Group concluded its debut of the Executive Tax Management Program this past Monday. The third executive session tackled ways on making amendments with the Bureau of Internal Revenue (BIR) the proper way which is paying your tax dues without compromises. This included case analysis, assessments, and discussion of different approaches in resolving BIR …
From time to time, common mistakes in compliance that companies commit have usually put them in problematic situations. Even the slightest degree of erratic action would prompt authorities to go after a particular company or individual. As a result, start-up managers, company executives, and business owners are dealing with the hassles when a Revenue Officer …
ACG Holds Its First Ever Executive Tax Management Program! Read More »
Asian Consulting Group concluded its second learning session under the first batch of Executive Tax Management Program last October 20,2021. The Executive Session tackles the dos and don’ts for business owners when it comes to dealing with the Bureau of the Internal Revenue. In this session, business executives were enlightened to the ways on how …
ACG Discussed Avoiding Audit Harassment Woes in the 2nd Session Last October 20th! Read More »
