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Annual and short period audit
We perform audit engagements in accordance with the Philippine Standards on Auditing (PSA), as required by required by national legislation or other regulations of agencies such as the Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Insurance Commission (IC), Cooperative Development Authority (CDA), etc.
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Review engagement
We provide a limited or moderate level of assurance that financial statements are free from material misstatements, in accordance with the Philippine Standard on Review Engagements (PSRE).
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Financial statements compilation
We help in the preparation of financial statements of clients in accordance with Philippine Standard on Related Services (PSRS) 4410.
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Security offerings services
We provide assurance services for our clients’ debt and equity security offerings. These include audits or reviews of financial statements, examination of prospectuses, and issuance of comfort letters as required.
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Agreed-upon procedures
We perform agreed-upon procedures in accordance with applicable professional standards, delivering factual findings reports tailored to the specific needs of our clients and relevant third parties. Our services include asset and inventory count observations, financial statement translations, and assistance with regulatory applications such as capital stock increases and debt-to-equity conversions.
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Other related services
We help our clients stay ahead of the evolving complexities in the accounting landscape. Our offerings include training programs, transition and implementation planning, and impact assessments related to newly adopted accounting standards, such as Philippine Financial Reporting Standards (PFRS Accounting Standards) and other relevant frameworks.
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Tax advisory
With our knowledge of tax laws and regulations, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
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Tax compliance
We aim to minimise the impact of taxation, enabling you to maximise your potential savings and to expand your business.
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Transfer pricing
We provide comprehensive Transfer Pricing (TP) solutions suited to the needs of the client.
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Corporate services
For clients who want to do business in the Philippines, we help set up the business and assist in determining the appropriate and tax-efficient operating business or investment vehicle.
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Tax education and advocacy
We offer seminars and trainings on tax-related developments and special issues of interest to taxpayers.
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Business risk services
Our business risk services cover a wide range of solutions that assist you in identifying, addressing and monitoring risks in your business. Such solutions include external quality assessments of your Internal Audit activities' conformance with standards as well as evaluating its readiness for such an external assessment.
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Business consulting services
Our business consulting services are aimed at addressing concerns in your operations, processes and systems. Using our extensive knowledge of various industries, we can take a close look at your business processes as we create solutions that can help you mitigate risks to meet your objectives, promote efficiency, and beef up controls.
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Transaction services
Transaction advisory includes all of our services specifically directed at assisting in investment, mergers and acquisitions, and financing transactions between and among businesses, lenders and governments. Such services include, among others, due diligence reviews, project feasibility studies, financial modelling, model audits and valuation.
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Forensic advisory
Our forensic advisory services include assessing your vulnerability to fraud and identifying fraud risk factors, and recommending practical solutions to eliminate the gaps. We also provide investigative services to detect and quantify fraud and corruption and to trace assets and data that may have been lost in a fraud event.
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Cyber advisory
Our focus is to help you identify and manage the cyber risks you might be facing within your organization. Our team can provide detailed, actionable insight that incorporates industry best practices and standards to strengthen your cybersecurity position and help you make informed decisions.
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ProActive Hotline
Providing support in preventing and detecting fraud by creating a safe and secure whistleblowing system to promote integrity and honesty in the organisation.
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Sustainability
At P&A Grant Thornton sustainability is at the core of our mission. We are committed to fostering a healthier planet through innovative practices that reduce our environmental footprint, promote social responsibility, and ensure economic viability for future generations.
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Accounting Services
At P&A Grant Thornton, we handle accounting services for several companies from a wide range of industries. Our approach is highly flexible. You may opt to outsource all your accounting functions, or pass on to us choice activities.
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Payroll Services
We streamline payroll operations with secure, technology-driven solutions that enhance accuracy, ensure compliance, and free organisations to focus on strategic priorities.
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Human Capital Outsourcing Services
We deliver highly trainable and experienced accounting professionals matched to client requirements, covering center and attrition management, and special projects.
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Our values
Grant Thornton prides itself on being a values-driven organisation and we have more than 38,500 people in over 130 countries who are passionately committed to these values.
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Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
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Learning & development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day. And when you are at your best, we are the best at serving our clients
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton is the opportunity to work on cross-border projects all over the world.
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Diversity
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
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Behind the Numbers: People of P&A Grant Thornton
Discover the inspiring stories of the individuals who make up our vibrant community. From seasoned veterans to fresh faces, the Purple Tribe is a diverse team united by a shared passion.
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Fresh Graduates
Fresh Graduates
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Students
Whether you are starting your career as a graduate or school leaver, P&A Grant Thornton can give you a flying start. We are ambitious. Take the fact that we’re the world’s fastest-growing global accountancy organisation. For our people, that means access to a global organisation and the chance to collaborate with more than 40,000 colleagues around the world. And potentially work in different countries and experience other cultures.
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Experienced hires
P&A Grant Thornton offers something you can't find anywhere else. This is the opportunity to develop your ideas and thinking while having your efforts recognised from day one. We value the skills and knowledge you bring to Grant Thornton as an experienced professional and look forward to supporting you as you grow you career with our organisation.
Frequently Asked Questions (FAQs) Relative to the Filing of Tax Returns and Payment of Taxes Pursuant to Revenue Regulations No. 4-2024, Implementing the Provisions of Republic Act. No. 11976, Otherwise Known as “Ease of Paying Taxes (EOPT) Act”
(Revenue Memorandum Circular No. 87-2024, August 7, 2024)
This Tax Alert is issued to inform all concerned on the filing of tax returns and payment of taxes pursuant to Section 3 of RR No. 4-2024, implementing the provision of Republic Act No. 11976, otherwise known as EOPT Act.
Filing of Tax Return
Taxpayers who are already enrolled in the Electronic Filing and Payment System (eFPS), shall continue using it. If there is an advisory of unavailability, taxpayer shall be allowed to use eBIRForms.
Taxpayers mandated to use eFPS but not enrolled in eFPS and in any eFPS-Authorized Agent Bank (AAB) shall use eBIRForms for e-filing and pay the corresponding taxes electronically.
If the electronic platforms such as eFPS, eBIRForms, and Tax Software Providers (TSPs) of the Bureau of Internal Revenue (BIR) are not available, manual filing shall be allowed.
Submission of Attachment
The attachments to the tax returns shall be submitted electronically using the Electronic Audited Financial Statements (eAFS)/eSubmission Facility, whichever is applicable. In case of unavailability, the attachments can be submitted manually to the BIR district office that has jurisdiction over the taxpayer.
RMC No. 87-2024 Annex A.pdf (bir.gov.ph) lists the documents that shall be submitted through eAFS and eSubmission Facility.
Payment of Taxes
a. Electronic Payment
i. ePay gateways that taxpayers can use in the payment of their taxes aside from the eFPS. Listed below are the ePay gateways for tax payment. You can also refer to the BIR website from time to time for the updated list:
- Land Bank of the Philippines (LBP) Link.Biz Portal - for taxpayers who have ATM account with LBP and/or holders of BancNet ATM/Debit/Prepaid Card or taxpayer utilizing PESONet facility for depositors of AUB, BPI, PSBank, RCBC, Robinsons Bank, and Union Bank;
- Development Bank of the Philippines (DBP) Pay Tax Online - for holders of Visa/MasterCard Credit Card and/or BancNet ATM/Debit Card;
- Union Bank of the Philippines (UBP) Online/The Portal Payment Facilities - for taxpayers who have an account with UBP or InstaPay using UPAY facility (for individual Non-Account holder of UnionBank); or
- Tax Software Provider:
MyEG – using credit cards or electronic wallets (e-wallets) such as GCash, Maya, GrabPay, or ShopeePay
MAYA – (Mobile Application)
Taxpayers who shall avail of the ePay may access the abovementioned ePay facilities by accessing the BIR website. Upon clicking the "ePay" icon, users shall be directed to the available ePay gateways. Taxpayers may also directly access the following AAB/TSP links:
LBP: www.lbp-eservices.com/egps/portal/index.jsp
DBP: www.dbppaytax.com
Union Bank: online.unionbankph.com
MyEG: http://myeg.ph/services/bir
Taxpayers who will avail of the services of Maya shall download and install the Maya mobile application from the Google Play Store, Apple App Store, or Huawei AppGallery. Taxpayers shall bear any convenience fee that may be charged by TSP and/or mobile companies for using their electronic filing/payment facilities.
ii. BIR Form No. 0605 with previous tax computations – this can be filed and paid electronically through the electronic platforms and ePay gateways.
b. Issuance of Check
i. Check to be tendered to AAB
Provide the following data after the phrase of “PAY TO THE ORDER OF”
- Bank where the payment is coursed
- For the Account of (FAO) Bureau of Internal Revenue as payee
ii. In case of Manager’s Check or Cashier’s Check
Provide the following data after the phrase of “PAY TO THE ORDER OF”
- Bank where the payment is coursed
- For the Account of (FAO) Bureau of Internal Revenue as payee
- Under the Account Name, indicate the taxpayer’s name and TIN
iii. Check shall be paid through RCO
Indicate after the phrase of “PAY TO THE ORDER OF” the Bureau of Internal Revenue
Taxpayers are reminded that RCOs may only accept cash payments not exceeding P20,000. However, there shall be no limit on tax payments made thru checks.
In case the receiving AAB’s is offline or unavailable, the taxpayers may transfer to another AAB branch, provided that the branch is the same AAB. The taxpayer should write at the back of the check the following:
- Name of the receiving branch;
- Taxpayer’s name; and
- TIN
The 25% surcharge shall not be imposed on a taxpayer who has manually paid the tax due to an AAB outside the jurisdiction of its registered revenue district office (RDO).
Late filing and payment of taxes
In cases of late filing and payment of taxes, taxpayers shall proceed to the RDO for computation of penalties and pay their taxes due to any AAB.
