GenTax

The Board of Inland Revenue's GenTax system has transformed how compliance is monitored and how audits are triggered.  GenTax enables the BIR to cross-match:

• Income Tax and Corporation Tax returns

• VAT filings and Rental Surcharge

• PAYE and payroll costs, Business Levy and Green Fund Levy payments

• Bank deposits and third-party information

• Purchase and sale of properties

• Income from Governmental and other contracts

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​​​We assist clients by:

• Conducting GenTax compliance and risk reviews

• Assessing quarterly tax installments for compliance

• Reviewing VAT vs income vs banking data for inconsistencies

• Preparing businesses for desk audits, field audits, investigations with BIR and filing objections

• Representing clients in discussions and correspondence with the BIR, the Tax Appeal Board and attorneys during and after audit and investigations

• Providing director-level briefings on GenTax enforcement risk and governance responsibilities

• Avoiding taxes penalties and interest

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WE ALSO OFFER GENTAX WORKSHOPS AND TRAINING SESSIONS FOR BOARDS, MANAGEMENT TEAMS AND FINANCE STAFF.