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 …
If you’ve ever received letters from BIR and are unsure as to their effects, worry no more. Broken down in this three-part series published with Rappler are the different types of letters that the BIR issues and what taxpayers should do about them. In the first part of the series, ACG Founding Chairman and Senior …
The Philippine Tax Whiz discusses the Final Decision on Disputed Assessment and the Warrant of Distraint and/or Levy. Read Part 1 and Part 2 Overview There are nine types of different letters that may be issued by the BIR: mission orders, benchmarking notices, letters of authority (LOA), subpoena duces tecum (SDT), Notice of Discrepancy (NOD), Preliminary Assessment Notice …
The Philippine Tax Whiz discusses subpoena duces tecum, notice of discrepancy, preliminary assessment notices, final assessment notices, and formal letters of demand. Read Part 1. Overview There are nine types of different letters that may be issued by the BIR: mission orders, benchmarking notices, letters of authority (LOA), subpoena duces tecum (SDT), Notice of Discrepancy (NOD), …
In an article published in BusinessWorld, ACG Founding Chairman and Chief Tax Advisor Mon Abrea proposed a more equitable and efficient tax regime. “The idea behind this proposed tax regime is really to focus the government’s efforts on places where it matters,” Abrea wrote. The tax regime proposal, supported by data from World Bank and …
“Focus on what matters” isn’t only a phrase that applies to maintaining a proper work-life balance or just bettering your life in general. This phrase is also the key to improving our tax administration. Under the 2021 Bureau of Internal Revenue (BIR) Annual Report (the latest as of the date of this writing), the total …
The House of Representatives has recently passed a bill imposing a 12% VAT on “nonresident digital providers” which would include Netflix, Spotify, and other similar services. ACG Founding Chairman and Chief Tax Advisor Mon Abrea, in an interview with ANC, noted that the government should refrain from imposing new burdens on taxpayers. Watch full interview: …
Government should be more judicious of budget rather than imposing new burdens Read More »
The Philippine Tax Whiz discusses mission orders, benchmarking notices, and LOAs There are nine types of different letters that may be issued by the BIR: mission orders, benchmarking notices, letters of authority (LOA), subpoena duces tecum (SDT), Notice of Discrepancy (NOD), Preliminary Assessment Notice (PAN), Final Assessment Notice (FAN) and Formal Letter of Demand (FLD), …
The Philippine Tax Whiz discusses the guidelines for online registration of businesses through the CBP What are the guidelines for online registration of All Types of Corporation, Partnerships and Sole Proprietors? Under Revenue Memorandum Circular (RMC) No. 61-2022, in relation to RMC No. 15-2021, the Central Business Portal (CBP) will be expanded to cover services …
The Philippine Tax Whiz discusses the Central Business Portal What is the Central Business Portal? The Central Business Portal (CBP) is a single site for all business-related information and aims to promote effective government service delivery and transparency. It seeks to streamline the registration of businesses, renewal of permits and other activities through online transactions. …
The most important thing that an employee can get from an employer is growth. With better skills come better opportunities, and these skills flourish best in environments that nurture critical minds and creative ideas. It is this precise working environment that the Asian Consulting Group offers to its employees. At ACG, employees are free to …
