How to survive a BIR audit

A total of 107 participants attended the seminar on How to Survive a BIR Audit held at the SGV Davao office last 26 July. Tax partner Atty. Louie Ferrer discussed the BIR’s tax audit process, the current developments in BIR tax audits and enforcement activities, and how taxpayers can effectively handle them. He also tackled the rights and remedies of taxpayers in case of a BIR examination and imposition of deficiency tax assessments. Tax partner Atty. Fame delos Santos gave a lecture on the recent and relevant updates in various taxes such as income tax, value-added tax and withholding taxes. He also talked about the government’s recently issued regulations, circulars, rulings and audit initiatives.