Roberto A. Grepo, Certified Public Accountant

28/07/2020

Many accountants employed in various PEZA-registered companies were asking me if they are absolutely 0-rated VAT in their purchases of goods and services, since they are holders of 0-rated VAT certificates issued by PEZA.

My answer is dependent on the following elements that are present in a given situation:
1. The PEZA-registered company is a VAT-registered entity;
2. The supplier of goods or services is also a VAT-registered entity; and
3. The goods or services are delivered or rendered within the PEZA zone.

So, given a scenario whereby a PEZA-registered company held a seminar in a hotel outside the PEZA zone, all hotel charges shall be charged an additional 12% VAT.

16/07/2018

Paano maaapektuhan ng tax reform law ang negosyo mo? We can help.

TRAIN's either half-empty or half-full.

07/06/2017

ACCOUNTANT’S POINT OF VIEW

0-Rated VAT on Purchases

Many accountants employed in various PEZA-registered companies were asking me if they are absolutely 0-rated VAT in their purchases of goods and services, since they are holders of 0-rated VAT certificates issued by PEZA.

My answer is dependent on the following elements that are present in a given situation:

1. The PEZA-registered company is a VAT-registered entity;
2. The supplier of goods or services is also a VAT-registered
entity; and
3. The goods or services are delivered or rendered within the
PEZA zone.

So, given a scenario whereby a PEZA-registered company held a seminar in a hotel outside the PEZA zone, all hotel charges shall be charged an additional 12% VAT.

For inquiries, contact (0917) 509-2056.

11/10/2014

If you need help with any of the following:
Accounting, tax, audit and bookkeeping services, and consultancy

You can reach me at:
MOBILE: 0917-5092056
EMAIL: [email protected]

Tax law in the Philippines covers national and local taxes. National taxes refer to national internal revenue taxes imposed and collected by the national government through the Bureau of Internal Revenue (BIR) and local taxes refer to those imposed and collected by the local government. The Tax Cod…

18/09/2014

If you need help with any of the following:
Accounting, tax, audit and bookkeeping services, and consultancy

You can reach me at:
MOBILE: 0915-984-8920
EMAIL: [email protected]

The government plans to offer a lower tax rate on net income for a period of 10 years to investors instead of income tax holidays (ITH) under the proposal to rationalize fiscal incentives, a cabinet official said.

02/09/2014

Should you need any further assistance, don’t hesitate to contact me. Have a great Tuesday! :-)

SERVICES OFFERED:
Accounting, tax, audit and bookkeeping services, and consultancy

You can reach me at:
MOBILE: 0915-984-8920
EMAIL: [email protected]

Finance Secretary Cesar V. Purisima saying an overhaul of our entire tax system may be overdue is an understatement. Worse, auditors are signing financial statements despite this, as “everybody is doing it anyway.” In March 2013, during a tax forum to which we invited Commissioner Kim Jacinto-Henare…

19/08/2014

Seasoned and accomplished Certified Public Accountant offering more than 30 years' accounting and financial management experience as an in-house and contracted resource for major accounting firms, multinational corporations, nonprofit organizations, as well as small- and medium-sized enterprises.

In my side practice, I have demonstrated success in creating bookkeeping policies and revenue-tracking frameworks, corporate and personal tax planning, installation of effective internal control systems and procedures, legal compliance, and identifying areas for cost savings and maximizing profit, while consistently maintaining the integrity of financial data for small businesses, startup ventures, and businessmen.

19/08/2014

SERVICES OFFERED:
Accounting, tax, audit and bookkeeping services, and consultancy

You can reach me at:
MOBILE: 0915-984-8920
EMAIL: [email protected]