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Phl’s corporate tax reform seen to draw in more FDIs

The corporate income tax reform now being pursued by the government is seen to invite more foreign investments into the country, a tax expert said. Raymond Abrea, president of Asian Consulting Group, the reform is a welcome development for both local and foreign corporations. “Our income tax will be more competitive across Asia Pacific region, […]

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File now or pay more later

Today is the deadline for the filing of annual income tax return (ITR) for taxable year 2017. The original deadline is on April 15 but since it falls on a Sunday, it was moved today, April 16. The Bureau of Internal Revenue (BIR) reminded already taxpayers to pay their income tax due correctly and on […]

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High-Profile Tax Evasion Cases: Lessons for Ordinary Taxpayers

  The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have been implementing their Run After Tax Evaders (RATE) program since 2005. The program aims to investigate criminal violations of the National Internal Revenue Code of 1997 and prosecute criminal cases that will generate maximum deterrent effect, enhance voluntary compliance, and promote […]

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Tax Awareness Month

In 2005, April was declared as Tax Awareness Month by virtue of Proclamation No. 812, s. 2005, putting a premium on the “value of taxes to our society” and how “taxation plays a pivotal and crucial role in nation building.” This coincides as well with the deadline for the filing of our annual income tax […]

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UPMG gets on board the TRAIN!

MANILA, Philippines – The Tax Whiz Academy (TWA) of the Asian Consulting Group (ACG) capped off the week before going to a long weekend through another seminar about the Tax Reform for Acceleration and Inclusion Law with the United Print Media Group (UPMG) last Friday, April 6, 2018 at the White Knight Hotel, Intramuros. UPMG is a formidable […]

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Board of Investments (BOI) Accounting for Non-Accountants Seminar

MAKATI, Philippines – The Tax Whiz Academy (TWA) of the Asian Consulting Group (ACG) conducted a special session on the Fundamentals of Accounting and Finance for the officers and staff of the Board of Investments (BOI) held at the Crowne Regency Hotel on April 5, 2018. The BOI is an agency under the Department of […]

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