Features

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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Governance and tax collections

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 …

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Criminal Violations of the Tax Code

“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 …

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Criminal violations of the tax code

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 …

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Taxation of the Digital Economy

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 …

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Government Partners alongside ACG’s Advocacy for Genuine Tax Reform

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 …

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ACG Celebrated its 10th anniversary with passion!

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, …

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