Guidelines in the Filing, Receiving and Processing of Taxable Year 2012 Income Tax Returns (ITRs) and Prescribing the Additional Attachment of the Regular Allowable Itemized Deductions to BIR Form November 2011 ENCS versions - RMC 27-2013

LET US FIGHT FOR YOUR TAX RIGHT

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IGNORANCE OF THE TAX ACCOUNTING RULES

PUSHES TAXPAYERS TO BRIBE BIR REVENUE OFFICERS

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March 15, 2013

REVENUE MEMORANDUM CIRCULAR NO. 27-2013.. Guidelines in the Filing, Receiving and Processing of Taxable Year 2012 Income Tax Returns (ITRs) and Prescribing the Additional Attachment of the Regular Allowable Itemized Deductions to BIR Form November 2011 ENCS versions

This Circular is issued to provide guidelines in the filing, receiving and processing of 2012 ITRs (BIR Form Nos. 1700, 1701 and 1702) which are due for filing on or before April 15, 2013, as well as define policies for the filing of ITRs, and prescribing the additional attachment of the regular allowable itemised deductions thereto.

Individual taxpayers who are availing of itemized method of deductions are required to attach the Mandatory Attachment to BIR Form No. 1701 (Annex A). For eFPS filers, fill up the interactive BIR Form No. 1701 and attach the accomplished form to the online BIR form 1701 in eFPS together with the Annex A, see Annex C for detailed procedures.

All Non-Individual taxpayers whether availing of optional standard deductions or itemized deductions are required to attach the Mandatory Attachment to BIR Form No. 1702 (Annex B). Those using the eFPS facility, e.g. Large Taxpayers, Top 20,000 Corporations, Government bidders, etc. shall use the BIR Form No. 1702 November 2011 ENCS version and electronically attach the newly-prescribed and, as well as the ITRs starting with those covered under ending January 31, 2013. For Non-eFPS user, shall be manually attached to the income tax form.

For expediency, ease and convenience in filling up the ITRs, all non-eFPS taxpayers are encouraged to use the interactive BIR Forms. These interactive BIR Forms can be accessed and are downloadable from the BIR website (http://www.bir.gov.ph) under the provided in the BIR Form, a separate sheet will have to be attached to the BIR Form using the format in the pertinent schedule/s, as indicated in the header portion/s of the on the last line of the pertinent part(s)/schedule(s) on the face of the ITR.
The duly filled-up ITRs and additional sheet/s, if any, including the newly-prescribed additional attachment of the regular allowable itemized deductions shall be submitted as follows:

1. FOR NON-eFPS TAXPAYERS, the duly accomplished ITRs shall be printed in folio size bond paper , landscape orientation/layout, signed by the taxpayer/authorized officers/representatives and shall be filed manually as follows:
-with payment to any Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered or if there is no AAB, to the concerned Revenue Collection Officer (RCO) under the jurisdiction of the RDO.
to the Revenue District Office (RDO) where the taxpayer is registered or to the concerned Revenue Collection Officer (RCO) under the same RDO.
2. FOR eFPS TAXPAYERS of BIR Form Nos. 1700 and 1701, the duly accomplished ITRs shall be filed using the C Immediately upon the availability of the facility, all eFPS taxpayers are required to electronically file (eFile) the contents of the manually filed ITRs within ten (10) days from the announcement of the eFPS availability via the BIR website.
Further for 1701 efilers, the accompanying schedules and attachments (i.e Financial Statements, Statement of Management Responsibility, BIR Form 2307, etc.) may still be filed with the concerned LT office/RDO where they are registered within fifteen (15) days after the manual filing of the return. Together with the said schedule/s and attachments, the taxpayers shall also submit the duly accomplished signed hardcopy of the ITR interactive form attached when making their initial filing. For purpose of determining when returns are filed, it shall be when the initial efiling was duly accomplished.
For taxpayers who have filed and opted to use the itemized method of deduction before the issuance of this circulars, are also mandated to amend and attach the mandatory attachment.
The ITRs filed by non-eFPS taxpayers shall be encoded by the concerned RDO or the Document Processing Division (DPD), whichever is applicable, under Operations Memo Nos. 12-02-005 and 12-02-006 and other pertinent existing revenue issuances.
All concerned are hereby enjoined to give this Circular as wide a publicity as possible.

Tax Implications and Recording of Deposits/Advances for Expenses Received by Taxpayers not covered by Revenue Memorandum Circular No. 89-2012 - RMC 16-2013

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IGNORANCE OF THE TAX ACCOUNTING RULES 

IS THE SOURCE OF A STRESSFUL LIFE

0922 801 0922

February 8, 2013

REVENUE MEMORANDUM CIRCULAR NO. 16-2013 - Clarifying the Tax Implications and Recording of Deposits/Advances for Expenses Received by Taxpayers not covered by Revenue Memorandum Circular No. 89-2012

TO : All Internal Revenue Officers and Others Concerned ___________________________________________________________________
This Circular is being issued to provide guidelines to be observed in accounting and recording of deposits/advances for the payment of the pertinent expenses received by taxpayers other than General Professional Partnerships (GPP) covered by Revenue Memorandum Circular (RMC) No. 89-2012 dated December 28, 2012.

I. Policies and Guidelines
Deposits/Advances Part of Gross Receipts
When cash deposits or advances are received by taxpayers other than GPP covered by RMC 89-2012 from the Client/Customer, a corresponding Official Receipt shall be issued. The amount received shall be booked as Income and shall form part of the Gross Receipts and subject to Value-added Tax (VAT) or Percentage Tax (Gross Receipt Tax), if applicable, and shall in turn be deductible as expense by the Client/Customer provided that it is duly substantiated by Official Receipts pursuant to Section 34 (A) (1) of the Tax Code.

Claim for Deduction of Expenses
Receipts incurred, paid for and issued in the name of the taxpayer shall be recorded as its own expenses for income tax purposes. These expenses shall be claimed as deductions from gross income provided these are duly substantiated by Official Receipts/Invoices issued by third-party establishments.

Income Payments are subject to appropriate Withholding Taxes
All Client/Customer shall, upon payment of deposits/advances, withhold tax at the rate prescribed in Revenue Regulations No. (RR) 2-98, as amended, which shall be remitted/paid on or before the 10th day of the following month using the Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded) [BIR Form No. 1601E] except for taxes withheld for the month of December of each year, which shall be filed on or before January 15 of the following year pursuant to RR 2-98, as amended. For those filing using the Electronic Filing and Payment System (EFPS), the regulations pertaining to EFPS filers shall apply.

Issuing Official Receipts for the Deposit and Advances
An Official Receipt shall be issued for every deposit and advances pursuant to Section 113 of the Tax Code. The Official Receipt shall cover the entire amount which the Client/Customer pays.

For VAT Taxpayers, the VAT Official Receipt will constitute the Output Tax for taxpayers other than GPP and in turn, the input tax of its client/customer.

II. PRO-FORMA ENTRIES
Upon receipt of the deposit/advances, the same shall be treated and recorded as outright Income.

Accounting entries in the Books of the Taxpayer other than GPP

1. For VAT Taxpayers
   Dr. Cash
   Dr. Prepaid Income Tax (Creditable)
   Cr. Income 
   Cr. Output VAT
   
   
2. For Non-VAT Taxpayers
   Dr. Cash
   Dr. Prepaid Income Tax (Creditable)
   Cr. Income

In turn, upon making deposit/advances for the necessary expenses, the Client/Customer shall treat such deposit/advances as an outright expense.
Accounting entries in the Books of the Client/Customer

1. For VAT Taxpayers
   Dr. Expense 
   Dr. Input VAT
   Cr. Cash
   Cr. Withholding Tax Payable
   
2. For Non-VAT Taxpayers
   Dr. Expense 
   Cr. Cash
   Cr. Withholding Tax Payable

All revenue officials and employees are enjoined to give this Revenue Memorandum Circular as wide a publicity as possible.

This Circular shall take effect immediately.

Taxability of Association Dues, Membership Fees, and Other Assessments/Charges Collected by Homeowners’ Associations - RMC 9-2013

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IGNORANCE OF TAX ACCOUNTING RULES LEADS TAXPAYERS TO BRIBE REVENUE OFFICERS

0922 801 0922

January 29, 2013

REVENUE MEMORANDUM CIRCULAR NO. 9-2013 - Clarifying the Taxability of Association Dues, Membership Fees, and Other Assessments/Charges Collected by Homeowners’ Associations

TO : All Internal Revenue Officials, Employees and Others Concerned

This Circular is issued to clarify the taxability of association dues, membership fees, and other assessments/charges collected by homeowners’ associations from its homeowner-members and other entities.

BACKGROUND
Republic Act No. 9904, otherwise known as the "Magna Carta for Homeowners and Homeowners' Associations", grants tax incentives to homeowners’ associations subject to certain conditions. Section 18 of RA No. 9904 reads:

SECTION 18. Relationship with LGUs. — Homeowners' associations shall complement, support and strengthen LGUs in providing vital services to their members and help implement local government policies, programs, ordinances, and rules.

Associations are encouraged to actively cooperate with LGUs in furtherance of their common goals and activities for the benefit of the residents of the subdivisions/villages and their environs.

Where the LGUs lack resources to provide for basic services, the associations shall endeavor to tap the means to provide for the same. In recognition of the associations' efforts to assist the LGUs in providing such basic services, association dues and income derived from rentals of their facilities shall be tax-exempt: Provided, That such income and dues shall be used for the cleanliness, safety, security and other basic services needed by the members, including the maintenance of the facilities of their respective subdivisions or villages. xxx”

The Bureau has issued several rulings exempting from income tax the assessments/charges collected by homeowners’ associations from its homeowner-members, on the ground that the collection of association dues and other assessments/charges are merely held in trust to be used solely for administrative expenses in implementing its purposes i.e., to manage and maintain the homeowners’ associations, establish, manage, maintain and operate adequate community facilities and services for its members, and from which a homeowners’ associations could not realise any gain or profit as a result of its receipt thereof. Other homeowners’ associations were given exemption under Section 30(C) of the National Internal Revenue Code (NIRC) as mutual aid associations.

In addition, the same rulings exempted association dues from value-added tax for the reason that a homeowners’ associations does not sell, barter, exchange, nor lease any goods or property and neither does it render any service for a fee, but merely implements the administration of the required services to collect the association dues from the homeowners pursuant to its corporate purpose(s) as trustee of the fund thereof.

CLARIFICATION
The taxability of association dues, membership fees, and other assessments/charges collected by a homeowners’ association from its homeowner- members and other entities are discussed hereunder.

I. Income Tax – Section 18 of R.A. No. 9904 which exempts from taxation the association dues and income derived from rental subject to certain conditions is an implied recognition by Congress that such receipts are subject to tax under existing laws. Thus, the amounts paid in as dues or fees by homeowner-members of a homeowners’ association form part of the gross income of the latter subject to income tax. This is because a homeowners’ association furnishes its members with benefits, advantages, and privileges in return for such payments. For tax purposes, the association dues, membership fees, and other assessments/charges collected by a homeowners’ association constitute income payments or compensation for beneficial services it provides to its members and tenants. The previous interpretation that the assessment dues are funds which are merely held in trust by a homeowners’ association lacks legal basis and is hereby abandoned.

Moreover, since a homeowners’ association is subject to income tax, income payments made to it are subject to applicable withholding taxes under existing regulations.

II. Value-Added Tax (VAT) and Percentage Tax – Association dues, membership fees, and other assessments/charges collected by a homeowners’ association are subject to VAT since they constitute income payment or compensation for the beneficial services it provides to its homeowner-members.
Section 105 of the NIRC, as amended, provides:

"SECTION 105. Persons Liable. — Any person who, in the course of trade or business, sells, barters, exchanges, leases goods or properties, renders services, and any person who imports goods shall be subject to the value-added tax (VAT) imposed in Sections 106 to 108 of this Code.

xxx

The phrase 'in the course of trade or business' means the regular conduct or pursuit of a commercial or an economic activity, including transactions incidental thereto, by any person regardless of whether or not the person engaged therein is a nonstock, nonprofit private organization (irrespective of the disposition of its net income and whether or not it sells exclusively to members or their guests), or government entity.” (Emphasis supplied)

The above provision is clear -- even a non-stock, non-profit organization or government entity is liable to pay VAT on the sale of goods or services. This conclusion was affirmed by the Supreme Court in Commissioner of Internal Revenue v. Court of Appeals and Commonwealth Management and Services Corporation, (G.R. No. 125355, March 30, 2000). In this case, the Supreme Court held:
“(E)ven a non-stock, non-profit organization or government entity, is liable to pay VAT on the sale of goods or services. VAT is a tax on transactions, imposed at every stage of the distribution process on the sale, barter, exchange of goods or property, and on the performance of services, even in the absence of profit attributable thereto. The term "in the course of trade or business" requires the regular conduct or pursuit of a commercial or an economic activity, regardless of whether or not the entity is profit-oriented.

The definition of the term "in the course of trade or business" incorporated in the present law applies to all transactions even to those made prior to its enactment. Executive Order No. 273 stated that any person who, in the course of trade or business, sells, barters or exchanges goods and services, was already liable to pay VAT. The present law merely stresses that even a nonstock, nonprofit organization or government entity is liable to pay VAT for the sale of goods and services.

Section 108 of the National Internal Revenue Code of 1997 defines the phrase "sale of services" as the "performance of all kinds of services for others for a fee, remuneration or consideration." It includes "the supply of technical advice, assistance or services rendered in connection with technical management or administration of any scientific, industrial or commercial undertaking or project."

On February 5, 1998, the Commissioner of Internal Revenue issued BIR Ruling No. 010-98 emphasizing that a domestic corporation that provided technical, research, management and technical assistance to its affiliated companies and received payments on a reimbursement-of-cost basis, without any intention of realizing profit, was subject to VAT on services rendered. In fact, even if such corporation was organized without any intention of realizing profit, any income or profit generated by the entity in the conduct of its activities was subject to income tax.

Hence, it is immaterial whether the primary purpose of a corporation indicates that it receives payments for services rendered to its affiliates on a reimbursement-on-cost basis only, without realizing profit, for purposes of determining liability for VAT on services rendered. As long as the entity provides service for a fee, remuneration or consideration, then the service rendered is subject to VAT.”

Accordingly, the gross receipts of homeowners’ associations including association dues, membership fees, and other assessments/charges are subject to VAT, income tax and income payments made to it are subject to applicable withholding taxes under existing regulations.
Those exempt from the payment of VAT under Section 109(V) are liable to pay percentage tax. Section 116 provides:

"SEC. 116. Tax on Persons Exempt from Value-Added Tax (VAT). — Any person whose sales or receipts are exempt under Section 109 (V) of this Code from the payment of value- added tax and who is not a VAT-registered person shall pay a tax equivalent to three percent (3%) of his gross quarterly sales of receipts: Provided, That cooperatives shall be exempt from the three percent (3%) gross receipts tax herein imposed."

As clearly stated in the law, non-VAT registered entities exempt under Section 109 (1) (V) of the NIRC, as amended, are covered by percentage taxes.

EXEMPTION UNDER REPUBLIC ACT NO. 9904
Pursuant to Section 18 of RA No. 9904, the association dues and income derived from rentals of the homeowners’ association’s properties may be exempted from income tax, VAT and percentage tax subject to the following conditions:
a. The homeowners’ association must be a duly constituted “Association” as defined under Section 3(b) of RA No. 9904;
b. The local government unit having jurisdiction over the homeowners’ association must issue a certification identifying the basic services being rendered by the homeowners’ association and therein stating its lack of resources to render such services notwithstanding its clear mandate under applicable laws, rules and regulations. Provided further, that such services must fall within the purview of the “basic community services and facilities” which is defined under Section 3(d) of RA No. 9904 as those referring to services and facilities that redound to the benefit of all homeowners and from which, by reason of practicality, no homeowner may be excluded such as, but not limited to: security; street and vicinity lights; maintenance, repairs and cleaning of streets; garbage collection and disposal; and other similar services and facilities.; and

c. The homeowners’ association must present proof (i.e. financial statements) that the income and dues are used for the cleanliness, safety, security and other basic services needed by the members, including the maintenance of the facilities of their respective subdivisions or villages.
All concerned revenue officials and employees are hereby enjoined to give this Circular as wide a publicity as possible.

This Circular takes effect immediately. 

Taxpayers’ Concerns on the Audit Program and Their Responsibility in Engaging Tax Agents/Practitioners - RMC 6-2013

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE 

BUREAU OF INTERNAL REVENUE 

Quezon City

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December 19, 2012

REVENUE MEMORANDUM CIRCULAR NO. 6-2013 - Clarifying Taxpayers’ Concerns on the Audit Program and Their Responsibility in Engaging Tax Agents/Practitioners 

"IGNORANCE OF THE TAX ACCOUNTING RULES IS THE MOST EXPENSIVE LIFESTLYE"

TO : All Internal Revenue Officers and Others Concerned

This Circular is issued to clarify certain concerns of taxpayers regarding the audit program and their responsibility in selecting tax agents/practitioners to make representation in the Bureau of Internal Revenue (BIR) in their behalf.

BACKGROUND
Item H(7) of Revenue Administrative Order (RAO) No. 10-2000 states that:

“The Revenue District Officer shall supervise/undertake audit of tax cases within the RDO’ s jurisdiction, in accordance with the audit program developed and prescribed by the National Office.” (italics and emphasis supplied)

This function in the RAO is one of the reasons cited by some taxpayers and practitioners in questioning the validity of an issued electronic Letter of Authority (eLA) in case of non-issuance of a Revenue Memorandum Order (RMO) providing for an annual audit program.
Further, it has been observed that there are certain tax agents/practitioners who write in behalf of the taxpayer and/or represent the taxpayer questioning the validity of the eLA issued and/or certain procedures related to audit such as issuance of Subpoena Duces Tecum and assessment notices. However, it has been found out that many of these tax agents/practitioners are not accredited by the BIR as required under Revenue Regulations (RR) No. 11-2006, as amended by RR Nos. 4-2010 and 14-2010.

CLARIFICATION
A. On the Audit Program
In the absence of an annual audit program, the Commissioner has the authority to make assessments pursuant to Section 6(A) of the Tax Code, as amended, to wit:

"SEC. 6. Power of the Commissioner to Make Assessments and Prescribe Additional Requirements for Tax Administration and Enforcement. – (A) Examination of Returns and Determination of Tax Due. - After a return has been filed as required under the provisions of this Code, the Commissioner or his duly authorised representative may authorize the examination of any taxpayer and the assessment of the correct amount of tax: Provided, however; That failure to file a return shall not prevent the Commissioner from authorizing the examination of any taxpayer. xxx xxx xxx"

B. On Tax Agents/Practitioners
Tax agents/practitioners who are engaged in the regular preparation, certification, audit and filing of tax returns, information returns or other statements or reports required by the Code or Regulations; those who are engaged in the regular preparation of requests for ruling, petitions for reinvestigation, protests, requests for refund or tax credit certificates, compromise settlement and/or abatement of tax liabilities and other official papers and correspondence with the BIR, and other similar or related activities; or those who regularly appear in meetings, conferences, and hearings before any office of the BIR officially on behalf of a taxpayer or client in all matters relating to a client's rights, privileges, or liabilities under laws or regulations administered by the BIR, shall be deemed to be engaged in tax practice and are required to apply for accreditation pursuant to Section 2(e) of RR No. 11-2006, as amended.
Hence, the BIR, in accordance with the above RR, can refuse to transact official business with tax agents/practitioners who are not accredited before it. Therefore, all taxpayers are enjoined to ensure that the tax agents/practitioners whom they will engage are accredited with the BIR. Further, taxpayers should be aware of their responsibilities which are as follows:

1. Before engaging the service of a tax agent/practitioner, they should secure a copy of his/its BIR certificate of accreditation and take note of the following:

1. Taxpayer Identification Number (TIN);
   
2. Accreditation number;
   
3. Date of issuance; and
   
4. Date of expiry
   

2. Constantly visit the BIR website for the publication of the updated master list of the accredited tax agents/practitioners.
All concerned revenue officials and employees are hereby enjoined to give this Circular as wide a publicity as possible.

This Circular takes effect immediately.

(Original Signed)
KIM S. JACINTO-HENARES
Commissioner of Internal Revenue 

Danger That Business Owners/Stockholders Must Overcome .. www.Facebook.com/Kataxpayer

Danger That Business Owners/Stockholders Must Overcome
www.Facebook.com/Kataxpayer

The Fear now becomes a Reality.

Alarming and agitating, as #Katax feels it, what the #BIR is doing to many #stockholdersof #SEC-registered #corporations.

#EmelinoTMaestro had warned so many taxpayers about the clear and present danger that the new BIR Form #1702 (Schedule 11, Page 7) would bring (see the attached file).

In the recent #TaxEvasion case that the BIR had filed against a poor and uninformed taxpayer, the basis thereof is the fact that this taxpayer has substantial investments in several corporations which the said taxpayer had voluntarily supplied/provided the BIR (see the attached file).

#ETM is preaching that the information stated in the new BIR Income Tax Returns would expose many taxpayers, investors and stockholders from tax evasion charges.

To mitigate the effect of this unwanted and deadly situation, #Kataxpayer is inviting all owners and stockholders of all corporations in the Philippines to bind themselves together and find a concrete and clear solution.

On June 24, 2014, a seminar 'HOW TO HANDLE an electronic Letter of Authority issued under the RUN AFTER TAX EVADER Program' shall be held at Sofitel Hotel. For details, please call ETM TAX AGENT OFFICE at the numbers shown in the attached files.

Subject to
1. change without notice and obligation
2. terms and conditions
3. ETM-discretion and decision

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BIR-Rules that You Don't Know? TCC for Bidding Purposes (Now A Book)

Tax Clearance Certificate for Bidding Purposes. Problems and Opportunities.... www.Facebook.com/Kataxpayer
#TCCforBiddingPurposes

#Katax is giving away (FREE OF CHARGE) a book that is entitled "BIR-Rules that You Don't Know? TCC for bidding purposes"

#TheTaxBook presents the common problems that an applicant-taxpayer is encountering from securing a #TaxClearanceCertificate from the #BIR. For those whose job description and businesses are to secure for their clients a TCC, it can be a guide in facilitating its release.

Only 50 persons would be given a copy. To secure a copy, please place your name, mobile, landline, company and email address in the space called 'Comment' or email Eric at katax.erick@gmail.com or Boyet at katax.boyet@gmail.com or Mario at mariocalica@maestrotaxation.org

<<<<<<IMPORTANT UPCOMING EVENTS>>>>>
Sofitel Philippine Plaza Manila

1. June 13, HOW TO CANCEL BIR-ELECTRONIC LETTER OF AUTHORITY

2. June 16-17, TAX ACCOUNTING COURSE FOR LOCAL MANPOWER CONTRACTORS

3. June 18-19, TAX ACCOUNTING COURSE FOR THOSE WHO ARE AVAILING THE OPTIONAL STANDARD DEDUCTION (VAT/NONVAT REGISTERED BUSINESSES/PROFESSIONALS)

4. Jun 24, HOW TO HANDLE A TAX EVASION ELECTRONIC LETTER OF AUTHORITY (RATE PROGRAM)

5. JUNE 26-27, TAX CONSULTING COURSE (LEVEL 101) ON ELECTRONIC LETTER OF AUTHORITY, LETTER NOTICE AND SUBPOENA DUCES TECUM

Investment fee: (plus 12% VAT)
Referrer/s - P8,000
Repeater/s - P11,000
Early-bird/s - P15,000
Late-registrant/s - P20,000

Katax's contact details
Kataxpayer.Juliet@gmail.com
Katax.Jocelyn@gmail.com
katax.boyet@gmail.com
katax.erick@gmail.com
katax.toto@gmail.com
katax.sonia@gmail.com
katax.juliet@gmail.com
02-439 3918
02-921 6107
0922 801 0922
0998 979 3922
Unit 419 Corporate 101, Mother Ignacia, Quezon City

Subject to
a. change without notice and obligation
b. applicable terms and conditions
c. ETM-discretion and decision

Tax Accounting/Consulting Katax (TACK)

Because SMEs need a true Tax Accountant and a competent Tax Consultant
Kataxpayer #EmelinoTMaestro 

Tax Accounting/Consulting Katax (#TACK)
Only 4 schools/universities/colleges shall be entitled to receive a SERVICE-GRANT from ETM Tax Agent Office (ETM-TAO), Inc. worth million of pesos.

To be a Managerial Accountant, you may take the Management Accountancy course. More so, if you endeavour to be a Financial Accountant with a privilege to sign an Auditor's Report, enrol in the #CollegeofAccountancywhere you would be immersed into the#PhilippineFinancialReportingStandards (PFRS).

Schools, Universities and Colleges are not yet prepared and equipped to offer and teach the course for Tax Accounting, Tax Consulting or both

#SmallandMediumEnterprises (SMEs), as you know, is the propeller of the Philippine economy. However, these #SMEs, for more than 100 years, have been victimised by irrational BIR-revenue officers (for related story, please seewww.Facebook.com/Kataxpayer) due to their ignorance of the Tax Accounting Rules that the BIR requires and THE LACK OF COMPETENT TAX CONSULTANT in the Philippines' market today.

These SMEs and other taxpayers need a true Tax Accountant and a competent Tax Consultant (ETM prefers to call it 'TAXNOCRAT').

As the Tax Accounting Guru and Father of Tax Accounting to others, Emelino T Maestro (ETM) is waging a challenge to you. If you want to learn now (for it's better to learn Tax Accounting and Tax Consulting at a younger age), you are encouraged either to be the Father and Founder of Tax Accounting/Consulting Katax (TACK) in your school/university/college or a member thereof if the TACK already exists thereat.

The term 'Katax' refers to a COMMUNITY that binds its members for the common and national interest and prosperity. Whilst, the purpose of TACK is to expose, explain and enlighten its members about the operations and opportunities that lie behind and within the limits of #TaxAccounting and/or#TaxConsulting profession/vocation/business.

ETM assures you that while the financial reward, from being a Tax Accountant or Tax Consultant is so fulfilling. The feeling of helping and empowering these SMEs and other taxpayers is oh so beautiful.

Here is what you should do....
1. Organise a nine-(9)-member group who will be considered the Founders and Fathers of TACK in that school, university or college
2. Send your Letter of Intent (LOI) to kataxpayer.sonia@gmail.com or at ETM Tax Agent Office, Unit 419, Corporate 101, Mother Ignacia, Quezon City; your LOI should include a statement why you should receive the Service Grant and the 9 members' curriculum vitae (CA) with their newest pictures and relevant information.
3. Wait for an interview call or message

SUBJECT TO
a. change without notice and obligation
b. terms and conditions
c. ETM-discretion and decision
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0922 801 0922, 0998 979 3922