Rapid globalisation has led to an increasingly dynamic business environment which resulted in significantly more complex business transactions. Tax authorities from various jurisdictions have been actively collaborating to ensure equitable assignment of taxable profit for cross-borders transactions.
In such a backdrop where change is the only constant, it is vital that companies engage in comprehensive tax planning to optimize tax savings and mitigate risk.
Our services include:
Tax Due Diligence Review
We provide prospective investors with insights on the possible tax exposures, tax assets or tax incentives of an investee company. The purpose of the review is to ensure that the valuation of the investment includes an adequate reserve for future tax assessments.
We also conduct this review for prospective sellers so that they are aware of the tax risks and are able to manage these.
Tax Compliance Review
Our tax professionals review a client’s tax position and practices to determine whether these comply with Philippine tax laws. The objective of the study is to identify and estimate a client’s potential tax exposures and provide practical recommendations to address them. We also assist clients in preparing customized tax compliance guides or manuals.
Tax Internal Control Review
We assist clients by reviewing and testing the internal controls of their tax accounting processes. The objective of the review is to identify whether or not there are sufficient controls in place to properly monitor and record transactions that may have tax impact.
We help clients identify opportunities for tax savings. Tax planning is recommended so that planned transactions, a company, or a group of companies, can be made tax-efficient.
Our tax professionals provide assistance in calculating a client’s taxes, preparing related tax returns and in remitting these taxes to regulatory agencies within the prescribed deadlines. As an alternative, through our Staff Loan services, our tax professionals can provide the needed tax and accounting related services of a client.
Independent CPA Services
We assist taxpayers with pending claims for tax refund or tax assessments by providing and presenting the detailed document review required by the Court of Tax Appeals to be done by an independent Certified Public Accountant. This speeds up the processing of any claim for refund or assessment filed with the Court.
Tax Advocacy and Controversy Assistance
We assist clients in obtaining requests for rulings or opinions from the Bureau of Internal Revenue, the Department of Finance, and other government agencies. We also assist in handling tax assessments and administrative claims for tax refunds or tax credits from the national and local governments.
General Tax Advisory, Regulatory and Corporate Services
We provide advice and assistance on various tax, regulatory and corporate matters such as those relating to joint ventures, acquisitions, mergers, and similar corporate organizations or reorganizations, contracts, financial products, build-operate-transfer projects, and other transactions that may have tax implications. We also advise and assist with the tax and/or incentives related registration and reporting requirements of government agencies such as the Bureau of Internal Revenue, Securities and Exchange Commission, Department of Trade and Industry, Board of Investments, Bangko Sentral ng Pilipinas, Philippine Economic Zone Authority, Clark Development Corporation, Subic Bay Metropolitan Authority, Local Governments, etc.
Investment Tax Advisory Services
Our tax professionals help prospective investors identify tax-effective vehicles or structures for Philippine inbound and outbound investments. We also assist in the related registration requirements, including those of the Bangko Sentral ng Pilipinas and Securities Exchange Commission. We can also help develop or review financial models for the tax implications of different options being considered in an investment.
Special Tax Studies
We assist clients in the preparation of detailed studies on specific issues affecting their operations or industry. These studies can be used in advocating a client’s position in various government regulatory offices.
Transfer Pricing and International Tax Services
We help clients assess whether their existing intercompany pricing policies comply with tax laws by reviewing existing transfer pricing practices and providing relevant recommendations. We also provide advisory and planning services to ensure that transfer prices not only comply with regulations in different taxing jurisdictions, but also address the risk of double taxation. In addition, we advise clients on the efficient utilization of tax treaty benefits on offshore transactions. We assist clients in filing their application for tax treaty relief with the BIR.
We conduct seminars to provide an understanding of the Philippine tax system. Included in the seminars are discussions on how each kind of tax is computed, the reporting requirements, and common issues encountered in relation to a specific tax. Our seminars also update participants with the latest pronouncements of various tax agencies. We also conduct seminars on how to handle claims for refunds and assessments.
Employee or Expatriate Income Tax Return Preparation
We assist in the preparation of an employee’s and/or expatriate’s Philippine Tax Returns as well as in other reporting requirements to be submitted to regulatory agencies.
Estate and Family Wealth Planning
We provide professional advice on how to minimize donor’s and estate taxes through tax planning for wealth transfers. We also provide tax advice on the creation of trusts as well as assist in the preparation of estate and donor’s tax returns.
We provide Post-Entry Compliance Review Services, to help clients prepare for a Customs audit and thus, avoid assessments and penalties. We also help clients plan future importations to minimize customs duties through our Pre-Importation Planning and Review Service. This includes determining the appropriate valuation and classification of importations, as well as other requirements to ensure the release of the imported goods from the Bureau of Customs (BOC). We also assist clients in handling assessments and disputes with the BOC, securing the necessary permits, clearances and licenses related to their import and export requirements.