BGC & Co. CPA's | Accounting


June 17, 2020

BIR removes mayor’s permit as requirement in business registration

The Bureau of Internal Revenue (BIR) has taken out the mayor’s permit as one of the requirements in business registration.

Commissioner Cesar Dulay pointed out that the BIR aims to expedite the process of establishing businesses in the Philippines.

It is continuously making reforms to ease the burden of entrepreneurs in submitting required documents.

-PTV News

Determining current and future strategies for proactive taxation and accounting in business is important. Proper consultation can put in place a blue print for success; ensuring complete understanding of applicable tax code provisions and their corresponding effects.

The BGC Company has a suite of tax consultation services that can provide your company proper aid in managing your tax and accounting departments. From investigation of certain accounting implications, to representation with the Bureau of Internal Revenue (BIR) and the Local Government Units (LGUs), to provision of updates on new tax and accounting guidelines, BGC’s services covers all tax-related essentials.

• Tax advisory and planning
• Requisition of BIR Rulings
• Assistance in availing tax incentives
• Application of tax treaty
• Tax compliance
• Tax audit and review
• Settlement of tax returns
• Requisition of tax refund and tax credit
• Procurement of Certificate Authorizing Registration (CAR)
• Tax consultancy retainership arrangement

Tax consultation is the best way to investigate your company’s current accounting practices and implement necessary adjustments and changes. BGC’s team of qualified tax attorneys and accountants are equipped with proper knowledge and tools necessary to complement your needs.