Mon Abrea, CPA, MBA is the Co-Chair of the Ease of Doing Business (EODB) Task Force on Paying Taxes. He earned his bachelor’s degree in Accountancy at San Beda University and finished his Master’s Degree in Business Administration at Ateneo de Manila University. With the TaxWhizPH mobile app as his brainchild to make tax compliance …
The Asian Consulting Group continuously aims to provide a healthy working environment which encourages collaboration. At ACG, everyone is free to develop critical minds and innovative ideas on how to provide a better service to all our valued clients. ACG veers away from the traditional company culture and gives its employees an opportunity to maximize …
From a young age, Mon Abrea has wanted to go to Harvard. He wasn’t sure why, but it has certainly been a driving force behind his advocacy. In fact, one of the reasons he started working for the Bureau of Internal Revenue was because there had been an opportunity for him to study at Harvard. …
The need to create a climate-resilient Philippines is bound to open new opportunities for businesses. Mon Abrea, Co-Chair of the Paying Taxes – EODB Task Force, notes that there is a laundry list of proposed taxes related to climate change. Among these are carbon tax, congestion tax, energy tax, air pollution tax, and more. Climate …
“Proposed climate-related taxes should not burden taxpayers,” says tax expert Read More »
“Congress must revisit its definition of what constitutes marginal businesses as the present threshold is still too low,” urges Asian Consulting Group’s Founding Chairman and Chief Tax Advisor Mon Abrea. In an article published with the Inquirer, the tax expert noted that the present threshold for marginal businesses includes only those with annual gross sales of …
Consequently, President Ferdinand Marcos, Jr. expressed his support for the creation of the new department during his first State of the Nation Address (SONA) on July 25. He said that renewable energy is on top of his climate agenda to further lower our carbon footprin
Based on the March 2022 Labor Force Survey of the Philippine Statistics Authority, there are more than 17 million informal workers, including tiangge, ambulant and street vendors, plus over 1.3 million sari-sari stores that remain unregistered with the Bureau of Internal Revenue (BIR). Generally, they fall under the category of micro enterprises. However, under Revenue …
Simplified Tax Regime for Micro and Small Enterprises Read More »
About 24 million out of 110 million Filipinos are registered taxpayers. That is only 22 percent of the population or 50 percent of the total labor force in 2021. Around 20 million are employees or compensation income earners and at least 6 million are earning P250,000 and below who are exempted from personal income tax. …
The tax challenges and opportunities for the next administration Read More »
The Philippine Tax Whiz clarifies the scope and limitations of a benchmarking notice from the Bureau of Internal Revenue, and how taxpayers should respond to it What is benchmarking? Does the benchmarking notice from the Bureau of Internal Revenue (BIR) constitute a valid assessment? Benchmarking is the process of setting a standard to determine the …
BIR has been compelled to take action against corrupt government officials and personnel who are taking advantage of the large corporations but also the small businesses. In the recent interview of the Founding Chairman and Chief Tax Advisor of ACG, Mr. Mon Abrea, he mentioned that, if you are paying the right taxes, you do …
