We put our clients in the centre of the conversation. Our experts across various service lines deliver quality work and value-added services tailored to your...
We help you manage your fiscal responsibilities with prudence and foresight.
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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.
We help you identify the opportunities and pitfalls that can significantly affect your bottom line.
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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.
We believe there is an optimal solution to every business challenge.
Using our Firm's breadth and depth of specialized expertise, we work with you to find...
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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.
We provide solid, first-rate support for your key accounting and administrative activities.
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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.
We connect Japanese businesses with trusted local expertise.
With our unique culture and opportunities, our organisation is a place where you can grow. Wherever you are in your career, we help you to make a difference...
We value each of the 50,000 people in our member firms equally and appreciate every contribution across Grant Thornton.
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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.
If you wish to develop your talents to the fullest and build a fulfilling career, join P&A Grant Thornton, where you will be part of a dynamic...
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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.
If you would like to join Grant Thornton, you may have a few questions about our organisation, how we do business, our culture and our global opportunities....
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At P&A Grant Thornton, we’ll work with you to capitalise on all opportunities, manage the inherent risks the industry has to offer, and provide relevant...
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Taxpayer Classification, Resumption of Business Registration and other Registration-Related Transaction Functionalities are now available in the ORUS
13 Nov 2024
(Revenue Memorandum Circular No. 113-2024, October 15, 2024)
This Tax Alert is issued to inform all concerned the availability of the Application for Update of Taxpayer Classification through the “Update Information” functionality, and the resumption of business registration and other registration-related transactions in the BIR Online and Update System (ORUS) effective October 1, 2024 and October 10, 2024, respectively.
A. Application for Update of Taxpayer Classification
Pursuant to Republic Act No. 11976 (EOPT Act), taxpayers shall be classified as follows:
| Classification | Amount of Gross Sales for a Taxable Year |
| Micro Taxpayer | Less than Three Million Pesos (P3,000,000.00) |
| Small Taxpayer | Three Million Pesos (P3,000,000.00) to less than Twenty Million Pesos (P20,000,000.00) |
| Medium Taxpayer | Twenty Million Pesos (P20,000,000.00) to less than One Billion Pesos (P1,000,000,000.00) |
| Large Taxpayer | One Billion Pesos (P1,000,000,000.00) and above |
Taxpayers who want to update their Taxpayer Classification shall access ORUS through https://orus.bir.gov.ph/home and follow the procedures set forth in the Circular.
Downgrade in Classification
If the update of the Taxpayer Classification is a downgrade (e.g., from Large to Medium), the taxpayer needs to attach Income Tax Return or Income Statement showing gross sales for the last two (2) years. The update shall be subject to the manual approval of Revenue District Office within seven (7) working days from the date of submission of application. The concerned RDO shall notify the taxpayer of the approval/disapproval of application for change in Taxpayer Classification through e-mail, registered mail or any possible means.
Upgrade of Taxpayer Classification (e.g., Small to Medium) and downgrade from Small to Micro shall be automatically approved.
B. Resumption of Business Registration and other Registration-Related Transaction Functionalities in ORUS
The following existing business registration and other registration-related transaction functionalities are now available in ORUS:
- Registration of Business and Issuance of Electronic Certificate of Registration (eCOR) and Authority to Print (ATP) with Electronic Payment (e-Payment) of Loose Documentary Stamp Tax
- Registration of New Branch
- Application for ATP (Subsequent)
Taxpayers who already have an existing ORUS account may access and avail the online registration enhancements and update transactions, functions and features by logging-in to the system.
Taxpayers who do not have an ORUS account yet and opted to use the said online registration facility of the BIR are required to create an account in ORUS following the guideline set forth in RMC No. 122-2024.
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