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[Ask the Tax Whiz] What are the different types of BIR letters and what are their purpose? (Part 1)

The Philippine Tax Whiz discusses mission orders, benchmarking notices, and LOAs There are nine types of different letters that may be issued by the BIR: mission orders, benchmarking notices, letters of authority (LOA), subpoena duces tecum (SDT), Notice of Discrepancy (NOD), Preliminary Assessment Notice (PAN), Final Assessment Notice (FAN) and Formal Letter of Demand (FLD), …

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Get to know the CEO & Senior Tax Advisor of Asian Consulting Group

Meet the CEO & Senior Tax Advisor of Asian Consulting Group, Mr. Mon Abrea. He is the Co-Chair of Paying Taxes – EODB Task Force. With TaxWhizPH mobile app as his brainchild, he was recognized as one of the Outstanding Young Persons of the World, an Asia CEO Young Leader awardee and one of the …

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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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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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ACG is geared to helping CEOs and business owners through the Executive Tax Management Program

In celebration of the Tax Awareness Month, the Asian Consulting Group (ACG) is once again launching the Executive Tax Management Program (ETMP). An exclusive program for CEOs, founders, and business owners, which aims to equip them with business strategy and skills in managing their taxes and consequently, in preparing for the annual tax audit conducted …

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ACG partners with BIR, DTI eCommerce and Endeavor Philippines to help tech companies comply with tax regulations and avoid BIR audit 

On February 16, 2022, Asian Consulting Group in partnership with DTI E-Commerce and the Bureau of Internal Revenue conducted a focus group discussion on the Digital Economy Taxation and BIR Digitization Projects, entitled TAXTalks. This event was made possible through the support of the Assistant Secretary of the DTI E-Commerce Asec. Jean Pacheco.  The Chairman …

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 Good Governance and Tax Collections

Amidst the controversial dismissal of the DQ case against presidential candidate Marcos, Jr. (BBM), we remind our taxpaying public of our basic civic duty to pay our taxes correctly and on time. Watch the interview of ACG Chairman and CEO on ANC: https://youtu.be/oHjIDeG202A Before the May 9 national election when we will elect a new President, …

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Are tech giants subject to 12% VAT?

The Philippine Tax Whiz explains House Bill No. 7425, which imposes value-added tax on digital transactions Undoubtedly, e-commerce in the country is growing exponentially. Due to this undeniable growth in the number of digital transactions and as part of the development of the Philippines’ digital taxation, Congress has approved House Bill (HB) No. 7425, which …

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