Electronic Receipts and Invoice
Receipts, New Tag
For people who had visited first world countries like France, Italy, Japan or Hongkong and bought some goods there. I am sure you are wondering why their invoices or receipts are way smaller than ours here in the Philippines.
New Audit Threshold
Business Taxation, BIR, PH Audit
Section 71 of RA 10963 defines the bookkeeping requirements and the new audit threshold of the BIR.
VAT or Non VAT?
BIR Tax Advisory, Non VAT
During the week of January 22 to 26, the BIR posted a Tax Advisory on its website advising qualified taxpayers who met certain requirements, may elect to change their status from VAT to Non VAT by filing a duly accomplished BIR Form 1905…
What we do
Tax Administration
MRC Audit and Tax Consultancy provides quality tax services that is at par with Global Audit Firms. Clients engage us because we combine a strong understanding of their business and economic environments with deep Philippine tax knowledge. As the Philippine tax code undergoes changes, increasingly complex and tax planning more controversial, we help companies to:
- identify and reduce tax risks,
- understand and meet their compliance obligations,
- implement tax strategies that complement their business and operational objectives,
- resolve assessments and letters with tax authorities when they arise, and
- manage tax accounting and reporting issues and design of best in class tax functions
Business Advisory
Innovation and evolution are two realities that no business can afford to ignore. Sustainable strategies that help your business innovate and grow while managing costs and leveraging resources are just as essential as acting swiftly and maintaining creativity to respond to rapidly changing environments.
We take time to understand our client’s business and the issues and challenges they are facing, our Advisory teams use local and global knowledge to help them challenge conventions and introduce and deliver strategies that work specifically for them.
Audit & Assurance
We approach audit engagements with a deep and broad understanding of our client’s businesses, the industry they belong to, and the latest regulatory requirements. We consider the risks our client faces, how they mitigate and manage these risks and the transparency of our client’s reporting to shareholders.
We can help clients in:
- Addressing regulatory reporting requirements
- Advice on controls and processing system weaknesses
- Advice on use of various accounting treatments for complex transactions
- IFRS reporting
Business Incorporation
We help assess our client’s future business in the Philippines and determine the best Corporate Structure for them. We assists in business incorporation procedures, planning, and registration with the concerned agencies, such as the SEC, DTI, BIR, SSS, PHIC, and HDMF. We also assess if your business can leverage incentives s such as income tax holidays and special tax regimes by registering at PEZA, TIEZA or BOI.
Quick Inquiry
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