Asian Consulting Group

[Ask the Tax Whiz] How Do We Hold Our Government Officials Accountable?

The Philippine Tax Whiz discusses the importance of the SALN, SOCE, and tax clearance to promote transparency and accountability in the civil service Is the filing of the Statement of Assets, Liabilities, and Net Worth required for all government officials and employees? How about newly elected public officials? When is the deadline of filing SALNs? …

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[Ask the Tax Whiz] Who would support genuine tax reforms if elected?

The Philippine Tax Whiz discusses the tax reform proposals of presidential bets and the controversial tax issues of some of these candidates Good governance is more likely to lead to an increase in tax collections. While tax administration is crucial in improving tax collections, equally important in addressing tax evasion and smuggling is eradicating graft …

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[Ask the Tax Whiz] Can I still amend my ITR after the April 18 deadline?

The Philippine Tax Whiz explains the Bureau of Internal Revenue’s guidelines for filing the annual income tax return for 2021, which is due on April 18, 2022 Is there a new deadline for filing the annual income tax return (ITR)? Would there be a penalty if I amend the filed return and it results in …

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For Almost A Quarter of A Century, P23 Billion Tax Due Remains Unpaid

In less than a week, the Annual Income Tax for individuals and corporations should be filed or else, you will be slapped with hefty penalties: 25% surcharge and 12% interest based on the unpaid tax due, and up to P50,000 compromise penalty. However, this is in contrast with the latest intrigue being faced by a …

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Asian Consulting Group appointed new board members

Mr. Jose Magsaysay, Jr., the co-founder and Chairman Emeritus of Potato Corner is the newly  appointed Chairman of Asian Consulting Group in the recently held Annual Shareholders and Board of Directors Meeting last March 23, 2022. While Mon Abrea stepped down as the Chairman, he remains as the CEO and Senior Tax Advisor of the …

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