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 …
Asian Consulting Group appointed new board members Read More »
While tax administration is crucial in improving tax collection, an efficient tax system requires a whole government approach. Equally important in addressing tax evasion and smuggling is eradicating graft and corruption. The government needs to offer value for taxpayers’ money, better public services and to uphold transparency and accountability especially during the pandemic and economic …
It may seem scary when your business receives a Letter of Authority (LOA) from the BIR especially if you lack knowledge about its process. Oftentimes, businesses would equate BIR audit with closure of their companies, imprisonment or paying tons of penalties and compromises – which is not always the case. The main objective of a …
“Always file and pay the correct taxes and ensure all reported information is accurate” is wisdom that bears repeating because non-compliance may have dire consequences. While some tax violations may be settled with a fine, serious ones may be considered criminal offenses which could lead to imprisonment. The latest article of our Chairman and CEO …
Originally published in The Philippine Daily Inquirer on March 07, 2022 “Always file and pay the correct taxes and ensure all reported information are accurate” is wisdom that bears repeating because noncompliance may have dire consequences. According to Section 253 of the Tax Code, any person who violates the provisions of the Code or causes …
The Bureau of Internal Revenue (BIR) has been making deficiency tax assessments on the income payments made by local companies and agencies to nonresident foreign corporations (NRFCs), particularly tech giants like Amazon, Google and Facebook (or Meta). The deficiency tax assessments include nonwithholding of final tax on income payments made online e.g., Facebook Ads plus …
To Tax The Rich or not to? As Shakespearean as it sounds, that is the question—at least on the part of the lawmakers. “Tax The Rich” has been the battle cry of the representatives from the Makabayan bloc during late September. Members of the said alliance have filed House Bill No. 10253 on September 20, …
Asian Consulting Group’s tenth anniversary has been supported by our partners from both private and public sectors. Several honorable personalities from the government have praised ACG for continuously advocating genuine tax reform while helping entrepreneurs deal with their obligations — truly with a goal to help the country’s economy improve. Vice President Leni Robredo cited …
Government Partners alongside ACG’s Advocacy for Genuine Tax Reform Read More »
Are you worried about your taxes? On whether you are still on time to do that? Or, moreover, do you still manage to pay them right? Worry not, Asian Consulting Group is offering its e-consultation program as part of its 10th-anniversary celebration called MET — or Make Everything Tax-easy! In this program, ACG’s senior tax …
It was a night full of commemorating the milestones, honoring victories, and looking back on the road to the decade. Here’s what happened during the Asian Consulting Group’s 10th-anniversary program: Several honorable personalities from the government paid homage to the company. Vice President Leni Robredo, Department of Trade and Industry Secretary (DTI) Sec. Mon Lopez, …
ACG Celebrated its 10th anniversary with passion! Read More »
