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Audit approach overview
Our audit approach will allow our client's accounting personnel to make the maximum contribution to the audit effort without compromising their ongoing responsibilities
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Annual and short period audit
At P&A Grant Thornton, we provide annual and short period financial statement audit services that go beyond the normal expectations of our clients. We believe strongly that our best work comes from combining outstanding technical expertise, knowledge and ability with exceptional client-focused service.
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Review engagement
A review involves limited investigation with a narrower scope than an audit, and is undertaken for the purpose of providing limited assurance that the management’s representations are in accordance with identified financial reporting standards. Our professionals recognize that in order to conduct a quality financial statement review, it is important to look beyond the accounting entries to the underlying activities and operations that give rise to them.
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Other Related Services
We make it a point to keep our clients abreast of the developments and updates relating to the growing complexities in the accounting world. We offer seminars and trainings on audit- and tax-related matters, such as updates on Accounting Standards, new pronouncements and Bureau of Internal Revenue (BIR) issuances, as well as other developments that affect our clients’ businesses.
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Tax advisory
With our knowledge of tax laws and audit procedures, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
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Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
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Corporate services
For clients that want to do business in the Philippines, we assist in determining the appropriate and tax-efficient operating business or investment vehicle and structure to address the objectives of the investor, as well as related incorporation issues.
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Tax education and advocacy
Our advocacy work focuses on clarifying the interpretation of laws and regulations, suggesting measures to increasingly ease tax compliance, and protecting taxpayer’s rights.
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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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Staff augmentation services
We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
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Payroll Processing
Payroll processing services are provided by P&A Grant Thornton Outsourcing Inc. More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department.
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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.
BIR announces availability of the VDS portal and extended the filing deadline to August 05, 2025
(Revenue Memorandum Circular (RMC) No. 78-2025 issued on July 29, 2025 and RMC No. 79-2025 issued on July 31, 2025)
This Tax Alert is issued to inform all concerned on the policies, guidelines, procedures, and requirements for the registration, filing of returns, and payment of Value-Added Tax (VAT) for Nonresident Digital Service Providers (NRDSPs), and availability of the VAT on Digital Services (VDS) Portal pursuant to Republic Act (RA) No. 12023, also known as the VAT on Digital Services, and its implementing rules under Revenue Regulations (RR) No. 3-2025.
A. Coverage
The guidelines provided under this Circular apply to all NRDSPs engaged in the supply or delivery of digital services consumed or used in the Philippines.
NRDSPs refer to nonresident suppliers of digital services to a buyer who uses digital services subject to VAT and has no physical presence in the Philippines.
B. Availability of the VDS Portal
Under RA No. 12023 as implemented by RR No. 3-2025, NRDSPs are mandated to register, file, pay, and submit the prescribed information through the BIR’s VDS Portal.
In line with this, the BIR, through its website, issued an official advisory on July 30, 2025, announcing the availability for use of the VDS Portal starting July 30, 2025. The portal serves as the designated platform for the filing and payment of VAT by NRDSPs and may be accessed via the official VDS Portal link (https://vds.bir.gov.ph).
C. Registration and Enrollment
NRDSPs registered with the BIR may proceed to enroll through the VDS Portal and follow the instructions provided therein. In cases where the NRDSP has not yet obtained registration with the BIR, it shall first register through the Online Registration and Update System (ORUS), accessible via https://orus.bir.gov.ph, as linked within the VDS Portal. BIR registered NRDSPs requiring updates to their registration/may likewise utilize ORUS for such purposes.
Enrollment in the VDS Portal may also be facilitated through a duly appointed resident third-party service provider. The BIR shall be formally informed of the appointment within thirty (30) days from the date of appointment. Notification shall be made via email to rdo39_vds@bir.gov.ph, with a PDF copy of the Letter of Appointment attached and the email subject line formatted as: “Notice of Appointment – [Philippine Taxpayer Identification Number of NRDSP]”.
For VAT purposes, the appointment of a resident third-party service provider shall not be construed as establishing the NRDSP as a resident foreign corporation conducting business in the Philippines.
D. Filing and Payment of Returns
All VAT returns of NRDSPs must be filed in the VDS Portal while the corresponding payments shall be made through the authorized payment channels integrated within the portal or as may be prescribed by the BIR.
The filing of BIR Form No. 2550-DS and the payment of the applicable VAT must be made on or before the twenty-fifth (25th) day of the month following the close of each taxable quarter, in accordance with Philippine Standard Time (GMT+8).
Both the filing and payment must strictly adhere to the procedures outlined in the VDS User Guide.
Pursuant to RMC No. 79-2025, the deadline for filing and payment of BIR Form 2550-DS for the quarter ending June 2025 originally set on July 25, 2025 is extended until August 5, 2025.
E. Other Policies
NRDSPs shall be further guided by the following policies:
- The BIR may conduct independent verification, including the use of third-party information, to assess the accuracy of VAT declarations submitted by NRDPs. NRDSPs shall be notified of any discrepancies identified and given the opportunity to make voluntary corrections. Failure to do so may result in administrative or criminal sanctions pursuant to Sections 12 and 13 of RR No. 3-2025.
- Any act of misrepresentation, failure to file VAT returns, or non-remittance of VAT payments by the prescribed deadline shall be subject to applicable surcharges, interest, penalties, and, where warranted, criminal liability and the blocking of access to digital platforms, in accordance with the National Internal Revenue Code of 1997, as amended.
- NRDSPs are not entitled to claim a refund for erroneously paid VAT. However, the NRDSP may amend previously filed BIR Form No. 2550-DS to reflect any overpayment which may be carried over to succeeding quarters.
- All data submitted through the VDS Portal shall be treated as confidential and protected under RA No. 10173, otherwise known as the “Data Privacy Act of 2012” and existing tax laws and regulations.
For the detailed procedures on the registration and enrollment, filing and payment of VAT return, and monitoring of the compliance of the NDRSPs, please full text of RMC 78-2025.
F. Effectivity
This circular takes immediate effect.