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Asian Consulting Group (formerly known as Abrea Consulting Group or ACG) is the premier social enterprise providing strategic tax advisory. Since 2012, it has helped hundreds of individual and corporate taxpayers become pillars of nation-building by empowering them to pay the right taxes without the unnecessary penalties and compromises.   DO YOU HAVE A BIG […]

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Disruption in taxation

Nothing is certain but death and taxes, while the only constant is change. Who doesn’t know that? And yet, it still hurts like the first time. This applies to both government and business sector when it comes to adopting change, integrating technology at the very core of government service or business, and preparing for, if […]

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Stop the TRAIN?

The Department of Finance (DOF) was quick to explain and defend TRAIN not to be blamed for the 4.5 percent inflation. Supported by the National Economic and Development Authority (NEDA) and Bangko Sentral ng Pilipinas (BSP), DOF clarified that TRAIN accounted for only 0.4 percentage points of the 4.5 percent. This means, “if you could […]

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TRAIN with Thomson Reuters & Asian Legal Business

May 23, 2018—Yesterday, the Asian Consulting Group – Tax Whiz Academy, represented by the Philippine Tax Whiz Mon Abrea, was invited by Thomson Reuters and Asian Legal Business for the inaugural Philippine Corporate Compliance Forum at the Makati Diamond Residences, Makati City. The event aimed to provide regulatory updates and practical tips to help in-house […]

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5 Things about the TaxWhizPH Mobile App #YouCanDoMore

The Philippines is currently ranked 113th based on the 2018 Ease of Doing Business Report of the World Bank Group. This is 14 notches lower from the previous year which is 99th. One of the criteria being assessed in the said rankings is “Paying Taxes” where Philippines is ranked 105th. The Bureau of Internal Revenue […]

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Business and Tax during Elections

The barangay and Sangguniang Kabataan (SK) Elections finally happened yesterday after being postponed when President Rodrigo Duterte signed Republic Act 10952, moving it from October 2017 to May 2018. Never underestimate the business opportunities and amount of money that goes around during elections, even for barangay and SK level. Money comes from all sources, declared […]

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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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