The Bureau of Internal Revenue (BIR) remains one of the most corrupt government agencies despite the efforts of the new administration to promote a simpler, fairer and more efficient tax system. In fact, some revenue officials continue to extort money from taxpayers they audit regularly, as usual, even using the name of Commissioner Dulay and […]
News & Updates
The Philippine Tax Whiz shares what the public must know about the Tax Reform for Acceleration and Inclusion (TRAIN) bill. Are you supporting the comprehensive tax reform package proposed by the Department of Finance (DOF)? What are the salient points in the proposed bill? Is it really pro-poor? Yes. As a tax advocate for more […]
Tax advocate seeks to lead by example “You lead with direction, you lead by example.” This quote from professional racing entrepreneur Roger Penske could not be more relevant in a country that reeks of crime and corruption, where the goal is always to create a ripple effect from a few people committed […]
The Philippine Tax Whiz answers questions about donor’s tax, sending gifts to loved ones through balikbayan boxes, and value-added tax. I work for a BPO company in Ortigas. This Valentine’s Day, I wish to give my mom a branded bag but I read in your previous article that even gifts are taxable. So, will my […]
Filipinos are Filipinos, wherever they chose to be in for the sake of their family’s sustenance. But the “Bagong Bayani,” of course, would serve the country better—and would have closer ties with their families—should they decide to build their lives on home soil. This was what The Philippine Tax Whiz Mon Abrea and CSR Philippines […]
The last comprehensive tax reform in the Philippines happened thirty years ago and there were several attempts to improve the current tax system. Now that there’s a new administration, there is an opportunity to pass and implement a meaningful tax reform with all the stakeholders included in the process. This triggered the initiative from […]
Seal of Honesty
As business owners and executives of established companies in the Philippines, we acknowledge our company's responsibility to lead by example in the fight against corruption and to promote a culture of honesty and integrity in doing business.
While the government has its own initiatives to improve the revenue collection system of the country, we realize those initiatives cannot succeed without doing our fair share to complement those reforms by paying the right taxes, supporting an advocacy for genuine tax reform, and committing to ethical business practices and good corporate governance by supporting the Integrity Initiative.
SEAL OF HONESTY is a certification program by CSR Philippines to promote a culture of honesty and integrity in paying taxes. The Seal of Honesty supports and complements the Integrity Pledge signed by professionals and corporations for ethical and corporate good governance. It includes a 3-year citizen tax planning to improve the voluntary compliance of qualified individual and corporate taxpayers allowing them to declare true profit and pay the right taxes without the unnecessary burden of penalties and compromises.
It aims to build a community of honest taxpayers recognized by the government for their significant contributions in nation building by paying their taxes correctly. As an incentive, we hope concerned government agencies like BIR, DTI will give incentives to them e.g., green lane, no penalty, no audit and express or automatic tax clearance for government bidding etc.
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