On February 16, 2022, Asian Consulting Group in partnership with DTI E-Commerce and the Bureau of Internal Revenue conducted a focus group discussion on the Digital Economy Taxation and BIR Digitization Projects, entitled TAXTalks. This event was made possible through the support of the Assistant Secretary of the DTI E-Commerce Asec. Jean Pacheco.
The Chairman and CEO of Asian Consulting Group, Mon Abrea provided updates on the Comprehensive Tax Reform Program where he reiterated the salient features of the Digital Economy Taxation (HB 7425). He also mentioned the Digital Transformation Roadmap and the updates on e-invoicing which were expounded by the BIR Head Revenue Executive Assistant, Director Janette Cruz. The event was attended by more than a hundred companies from the tech industry.
After a successful event with the DTI E-Commerce and the Bureau of Internal Revenue (BIR), Mon Abrea shared his expertise with the entrepreneurs of Endeavor Philippines and EO Philippines. He discussed the common violations of the tax code, crimes, and other offenses and forfeitures which may lead to tax evasion cases to be filed by the BIR. With this, he also reiterated the best strategy on how to get rid of the BIR Audit to avoid unnecessary penalties, interest, and compromises is essential.
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