What are the different types of BIR letters? Learn more about Mission Orders, Benchmarking Notices, and Letter of Authority!

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 …

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[Ask The Tax Whiz] What are the different types of BIR letters and what are their purpose? (Part 3)

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 …

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[Ask the Tax Whiz] What are the different types of BIR letters and what are their purpose? (Part 2)

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), …

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ACG Founding Chairman Bares Tax Policy Proposal

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 …

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Government should be more judicious of budget rather than imposing new burdens

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: …

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[Ask the Tax Whiz] What are the different types of BIR letters and what are their purpose? (Part 1)

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), …

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[Ask the Tax Whiz] What are the guidelines for online registration with the Central Business Portal? (Part 2)

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 …

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[Ask the Tax Whiz] How will the Central Business Portal be implemented in the Philippines (Part 1)

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. …

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