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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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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Tax Whiz urges overseas Filipinos to invest in the Philippines

QUEZON CITY, PHILIPPINES – The “Philippine Tax Whiz” and Asian Consulting Group (ACG) Chairman and CEO Mon Abrea opened the year with the Investment & Tax Briefing, a series of seminars for overseas Filipinos held from January 3 to February 8. In this 2022 US Roadshow, Abrea met with kababayans based in Washington, D.C., Los …

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The Philippines’ Current Tax Reforms, Politics and Business Climate Discussed at February 3 Forum

The HPBEC will host its Talk Story on February 3, Thursday at 4 p.m. (HST) on topics that  is a “must watch” for dual-citizens, investors in Philippine-based companies and entrepreneurs with business partners in the Philippines.  Those who source-out Philippine-made products, as well as retirees who plan to move to the Philippines and Hawaii residents …

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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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