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In an insightful interview on ANC’s ‘Business Roadshow’, ACG CEO Raymond Abrea discussed key aspects of the CREATE MORE Act and what businesses need to be careful of when it comes to compliance. Additionally, the CREATE MORE Act has clarified new guidelines from tax authorities, along with what constitutes attributable expenses and how VAT incentives can now be accessed. Learn more on the CREATE MORE Act's benefits in the linked article: https://lnkd.in/ggP5GCmy #BusinessCompliance #VATIncentives #TaxReform #AsianConsultingGroup #BusinessPH #TaxTips #BusinessRoadshow #CREATEMOREAct #CREATEMORE #InvestmentPH #BusinessGrowth #TaxRefund Win Gatchalian Department of Finance Philippines Malaysia Chamber of Commerce and Industries Philippines Inc. (MCCI) Italian Chamber of Commerce in the Philippines Philippine Chamber of Commerce and Industry (PCCI) Spanish Chamber of Commerce in the Philippines - La Cámara French Chamber of Commerce and Industry in the Philippines British Chamber of Commerce Philippines London Chamber of Commerce and Industry

In his BNC interview, ACG CEO Raymond Abrea explains how the CREATE MORE Act aims to streamline the ease of doing business in the Philippines, featuring key reforms. Abrea also highlights ACG’s role in shaping these changes to address foreign investors' concerns. While CREATE MORE is a positive step, he emphasizes the need for further legislative efforts to fully support businesses and attract investment. Watch the full interview to learn about the impact of these new tax measures: https://lnkd.in/gDinJ2rw Ready to maximize the benefits of the CREATE MORE Act for your business? Consult with Asian Consulting Group for expert guidance by sending us a message at consult@acg.ph or via acg.ph/consult! #ACGInsights #EaseOfDoingBusiness #PhilippineEconomy #CREATEMOREAct #CREATEMORE #TaxIncentives #EaseOfDoingBusiness #PhilippineTaxReform #ForeignInvestment #BusinessIncentive #ConsultWithACG #TaxCompliance #EconomicGrowth Win Gatchalian Department of Finance Philippines Philippine Economic Zone Authority Malaysia Chamber of Commerce and Industries Philippines Inc. (MCCI) Italian Chamber of Commerce in the Philippines Philippine Chamber of Commerce and Industry (PCCI) Spanish Chamber of Commerce in the Philippines - La Cámara French Chamber of Commerce and Industry in the Philippines British Chamber of Commerce Philippines London Chamber of Commerce and Industry Philippine Daily Inquirer Manila Standard BusinessWorld Publishing Corporation BusinessMirror Bureau of Internal Revenue

CREATE MORE Act ✅ While we will still propose a risk-based audit, the creation of the RBE Taxpayer Service to focus on the compliance of all Registered Business Enterorises or those availing tax incentives both foreign and domestic companies so they will no longer be submit to annual or random audit which results to unnecessary costs for them ✅ While we still believe the tax refund center must be separate from BIR and BOC, the creation of a VAT Refund Center to implement an electronic refund system will hopefully address the complaints of foreign investors and locators for the undue delay of VAT refunds ✅ Pursuant to EODB Act, processing of application for incentives will not exceed 20 working days provided documentary requirements are complete

[English below] 鑒於柬埔寨投資法及稅務審計SOP方面之資料相當龐大，企業在理解上述法規時常遭遇一定程度的挑戰，爰本次研討會在經濟部投資促進司及駐胡志明市辦事處(經濟組)指導下，特由柬埔寨台灣投資窗口(KPMG)主辦「柬埔寨投資法介紹與稅務審計SOP須知」研討會，藉由專家分享有關法規更新及相關事項之見解，幫助與會者更快瞭解及掌握上述法規。 Given the vast amount of information related to Cambodia's investment laws and tax audit SOPs, companies often encounter significant challenges in understanding these regulations. Therefore, under the guidance of the Department of Investment Promotion of the Ministry of Economic Affairs (MOEA) office in Ho Chi Minh City, the "Enhancing Your Compliance with Investment Law and Tax SOP in Cambodia" seminar is organized by the Cambodia-Taiwan Investment Window (KPMG). This seminar aims to help participants quickly understand and master these regulations by sharing expert insights on updates and related matters. #KPMGinCambodia #TMEF #InvestmentLaws #TaxSOPs

Vietnam’s tax compliance requirements - all here in one place.

Asian Consulting Group - ACG Chief Tax Advisor, Mon Abrea, officially launched his new book, 'Why Invest in the Philippines? A Guide to Investing and Doing Business in the Philippines,' during the Investment and Tax Briefing in Malaysia. #2024ITIR #2024InternationalTaxandInvestmentRoadshow #BreakingBarriers #InvestmentandTaxBriefing #Malaysia

101 companies lose IT PARK Uzbekistan resident status for non-compliance in Uzbekistan The IT Park resident status, with its tax incentives and innovation-friendly environment, entails responsibilities detailed in the IT Park Resident Activity Agreement. 👉Details — https://lnkd.in/d9UaWSnN #ITParkUzbekistan #ResidentStatusRevocation #NonCompliance #TaxIncentives #InnovationEnvironment #BusinessResponsibilities #RegulatoryCompliance #TechIndustry #StartupCommunity #EconomicDevelopment

𝗠𝗮𝘅𝗶𝗺𝗶𝘇𝗲 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝘄𝗶𝘁𝗵 𝗧𝗮𝘅 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗶𝗻 𝗩𝗶𝗲𝘁𝗻𝗮𝗺! 📈 Vietnam offers a range of tax incentives to attract investors and boost business growth. From corporate income tax (CIT) reductions to exemptions for priority sectors, learn how your business can benefit in this thriving market. 📖 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗯𝗹𝗼𝗴 𝘁𝗼 𝘂𝗻𝗰𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀: https://lnkd.in/gjyKgwae Navigating Vietnam's regulations can be complex, but our Tax and Legal Advisory Services make it easy. From tailored tax solutions to legal compliance, we're here to help foreign investors thrive in Vietnam's dynamic market. 𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗵𝗼𝘄 𝘄𝗲 𝗰𝗮𝗻 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀: https://lnkd.in/gv9aan3g #InCorpVietnam #VietnamBusinessSetup #APACRegion #BusinessExpansion #VietnamTaxCompliance #BusinessGuide #TaxationVietnam #BusinessSuccess #TaxObligations #TaxIncentives Schedule a free consultation with our Vietnam market entry consultants at: 🌐 vietnam.incorp.asia 📧 vietnam@incorp.asia 📞 +84 28 353 50 019 or WhatsApp us at wa.me/84854150019

READ | "Continuing Policy Reforms in Tax and Business" by Raymond Abrea, published via BusinessWorld Publishing Corporation The Philippines’ ongoing policy reforms is one of the reasons foreign businesses consider investing in the Philippines, as it signifies the government’s willingness to work with them on key issues and commitment to addressing their concerns. In his recently-published article with BusinessWorld, Abrea proposed the adoption of a risk-based audit as well as an improved regime for micro and small enterprises. In a recent investment mission in Germany, we joined the Philippine Economic Zone Authority (PEZA) and met not only with potential German investors but also existing locators in the Philippines. In these discussions, they identified some concerning issues, such as VAT refunds and the overly burdensome and costly nature of Bureau of Internal Revenue (BIR) audits. READ HERE: https://lnkd.in/gfRXXUUJ