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Shaping a Vibrant Future

Shaping a Vibrant Future
Since 1988, P&A Grant Thornton has been establishing corporate milestones with its loyal clients, which has helped assert itself as a leading professional services firm in the country.
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Shaping a Vibrant Future
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Anatomy of Philippine Poverty
BRP Opinion Anatomy of Philippine Poverty
At this modern time of general abundance in the world and, particularly, in our part of the world, we find our country with an incongrous incidence of widespread poverty.
7 min read |
P&A Foundation Inc., PICPA and ACPACI, commence the 25th Search for Outstanding Accounting Students of the Philippines
A Hopeful Journey Ahead P&A Foundation Inc., PICPA and ACPACI, commence the 25th Search for Outstanding Accounting Students of the Philippines
The journey begins now, and it is a promising path ahead. The Search for Outstanding Accounting Students of the Philippines (SOASP) enters its 25th year to another momentous milestone as it celebrates and highlights outstanding accounting students nationwide.
3 min read |
Compliance to Equity: Nurturing Diversity, Inclusion, and Belongingness in Modern HR Practices
From Where We Sit Compliance to Equity: Nurturing Diversity, Inclusion, and Belongingness in Modern HR Practices
Over my 23-year tenure in Human Resources, I have witnessed a transformative shift in how diversity intersects with our field. Initially, HR and diversity seemed to run on parallel tracks with just the occasional points of convergence. Today, the landscape is dramatically different.
8 min read |
Further clarifications on taxation of cross-border services
Let's Talk Tax Further clarifications on taxation of cross-border services
In our previous article titled “Taxation of cross-border services,” we featured Revenue Memorandum Circular (RMC) No. 5-2024, where the Bureau of Internal Revenue (BIR) clarified the proper tax treatment of cross-border services in light of the SC En Banc Decision in Aces Philippines Cellular Satellite Corporation vs. The Commissioner of Internal Revenue (CIR) and provided a new framework for assessing the final withholding tax and the final withholding Value-Added Tax (VAT) on services provided by non-resident foreign corporations (NRFC) to Philippine businesses.
8 min read |
Computation of the Minimum Corporate Income Tax for the Taxable Year 2023
Tax Notes Computation of the Minimum Corporate Income Tax for the Taxable Year 2023
In Republic Act No. 11534, also known as the “Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act,” the Minimum Corporate Income Tax (MCIT) rate was reduced from 2% to 1% for the period July 1, 2020, to June 30, 2023. Accordingly, the MCIT rate shall revert to the old rate of 2% based on the gross income of the corporation effective July 1, 2023.
2 min read |