Tax services

Upholding what is right: What are your tax concerns?

We consider the needs of your business and the government with the end in view of upholding what is right.

Tax is a significant cost in business. As such, properly managing and controlling inherent tax risks is a must. And to keep up with tax developments and have a clearer understanding, top businessmen seek professional tax advice to help them manage tax risk, control costs, and seize tax planning opportunities.

To develop a comprehensive tax strategy for your business, we cover various considerations relevant to your particular business, i.e., industry, markets, finance, economics, and government regulations. We take a consultative approach rather than focus on compliance to identify all your risks.

Increasingly, companies require a variety of accounting, tax, and business services to manage risks and gain competitive advantage. Our tax professionals can provide these diverse disciplines to help you minimize tax liabilities and meet compliance obligations. We can be your advocates with tax authorities to support a tax position that will work to your advantage. And we can give you tailored, implementable and defensible tax planning structures.

Responsiveness unlike any other

We specially package business and tax advisory services for our clients based on their needs. This is a better way of handling tax compliance that makes us achieve their business objectives.

We have made it easier for companies, whether large or small, to lessen their tax problems and meet tax compliance obligations.

We deal with main taxes affecting all businesses, and those in difficult areas such as international tax, expatriate tax, and value-added tax.

Our tax colleagues in other PwC firms worldwide work with us in giving professional and timely advice on tax issues that crop up in every area where there is an international transaction.

Insight

Storytelling in data science

Storytelling in data science

To some, data storytelling may seem like an oxymoron. People often view data analysis as a technical function and storytelling as a creative task. Data and stories are perceived to be opposites in the cognitive process. This thinking is fueled by the left-brain/right-brain myth — one that has since been debunked by scientists from the University of Utah after they scanned more than 1,000 brains in 2013. There was no evidence that people dominantly use their left or right brain. All of the regions in the brain enable humans to engage in both creative and analytical thinking at the same time.

Revisiting the rules on claiming withholding tax credits

Revisiting the rules on claiming withholding tax credits

Every tax filing season, corporate taxpayers grapple to complete and collect all the certificates of Creditable Tax Withheld (BIR Form 2307) from their local customers up to the eleventh hour. Issues on the validity of the creditable withholding tax (CWT) certificates, and the propriety or timing of recognizing the income tax credits come to the fore. It makes me wonder how hard-earned money contributed to government coffers could still be subject to dispute.

Contact us

Maria Lourdes P. Lim

Tax Managing Partner

Tel: +63 (2) 459 2016

Alexander B. Cabrera

Chairman and Senior Partner

Tel: +63 (2) 459 2002

Follow PwC Philippines