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 …
The Executive Tax Management Program (ETMP) held at the Asian Consulting Group Tax Hub last May 25, 2022, was the first ETMP Session time they have hosted the event in person following a series of virtual sessions. The importance of the issues triggering tax audits and strategies to mitigate risks related to being a target …
CEOs come together for game-changing tax strategies under the new administration Read More »
The Executive Tax Management Program was held at the Tax Hub last May 25, 2022, for the first time after a series of virtual sessions. During the course of the program, the Founding Chairman and Chief Tax Advisor of ACG, Mon Abrea highlighted the importance of the issues that trigger tax audits and strategies to …
The culmination of CEOs for game-changing tax strategies under the new administration Read More »
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 …
[Ask The Tax Whiz] When can the BIR close businesses? Read More »
The country’s biggest tax-collection agency issues revenue special orders invoking Section 5 of the Tax Code, which empowers the BIR chief to conduct audits. This was the same legal basis which regional director Eduardo Pagulayan Jr. of the BIR’s revenue region 8B covering south National Capital Region (NCR) cited for his investigation on Megaworld. (Inquirer) …
What Should CEOs learn from the BIR-Megaworld fiasco? Read More »
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? …
[Ask the Tax Whiz] How Do We Hold Our Government Officials Accountable? Read More »
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 …
[Ask the Tax Whiz] Who would support genuine tax reforms if elected? Read More »
Considered as the most prominent tax advocate and expert in the Philippines and has accomplished various and prestigious awards. He is the Founding Chairman & Chief Tax Advisor of Asian Consulting Group. Witness his expertise again as we launch the Executive Tax Management Batch 2 soon at the TAX HUB. And watch out for another …
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 …
For Almost A Quarter of A Century, P23 Billion Tax Due Remains Unpaid Read More »
Election campaigns are very much alive throughout the country due to the upcoming Presidential National Election on May 9, 2022. Voters are becoming much more vigilant on which candidate they are to vote for. With all these events, Our CEO and founder, Mon Abrea discusses “Governance and tax collections” on Philippine Daily Inquirer, digesting the …
