Rappler Articles

Mon Abrea, CPA, MBA, writes for various publications including Rappler where he has an online column, #AskTheTaxWhiz.

[Ask the Tax Whiz] What is benchmarking?

The Philippine Tax Whiz clarifies the scope and limitations of a benchmarking notice from the Bureau of Internal Revenue, and how taxpayers should respond to it What is benchmarking? Does the benchmarking notice from the Bureau of Internal Revenue (BIR) constitute a valid assessment? Benchmarking is the process of setting a standard to determine the …

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[Ask The Tax Whiz] When can the BIR close businesses?

The Philippine Tax Whiz clarifies the BIR-Megaworld fiasco and reiterates the grounds for suspension and closure of businesses due to non-compliance with the tax code What is the legal basis of the aborted closure order against Megaworld Corporation? What are the grounds for the Bureau of Internal Revenue (BIR) to suspend business operations and issue …

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[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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TAXES AND THE CORONAVIRUS PANDEMIC: AN OPEN LETTER TO LAWMAKERS

TO OUR HONORABLE SENATORS AND REPRESENTATIVES, Amid the COVID-19 pandemic, countries around the world are implementing emergency tax relief to support companies, especially small businesses and their employees. As the economic and social impact of this health crisis increases, government and business leaders have a crucial role to play in developing both short-term and long-term …

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