Taxation Services

Tax Advisory & Compliance

Our tax practice,  provides the following services: 

Compliance, tax advisory and tax planning for corporations, registered bodies, partnerships, joint ventures and individuals (including expatriates and non-residents), covering:

• corporate, sole proprietorship and partnership income tax
• employee income tax
• real property gains tax
• stamp duty exemptions

Tax field audits and investigations:

• Acting on behalf of clients in handling tax audit and investigation cases
• Meeting with clients to explain the relevant laws, procedure and practices
• Advising clients of their rights and how to deal with the tax audit with the least interruption to their businesses
• Reviewing tax returns, correspondence and accounting records
• Advising clients on findings of the review
• Attending meetings and responding to queries raised by the BIR
• Analysing bank transactions and accounting data
• Compiling assets betterment statements
• Preparing gross profit analyses
• Negotiating with the BIR for a reasonable basis of settlement of back taxes and penalty
• Reviewing tax compliance history to assess risk of becoming a tax audit target
• Advising on how to improve accounting systems for better tax compliance

Tax incentives and business related services:

• Application for manufacturing licence and tax incentives
• Compliance with exchange control regulations
• Matters relating to indirect taxes, such as service tax licensing and import duties exemption