Latest updates on tax regulations and compliance requirements
Recent changes in business laws and regulations
New standards and guidelines for financial reporting
Comprehensive financial statement auditing services
Assessment and improvement of internal control systems
Ensuring adherence to regulatory requirements
ETP's business assurance services primarily provide an expression of opinion with regards to fairness by which client's financial statements are prepared. ETP employs a risk-based approach in determining the audit strategy and plan that is fully customized to the client's needs.
Other related services that we provide include the following:
ETP's advisory services help organization and businesses through its contribution of well-thought ideas and industry's best practices that will enable clients to achieve its own vision, mission and goals. ETP assists its client by providing the following services:
ETP's tax services enable its clients to maximize tax benefits through proper planning and optimization of tax strategies and structure. ETP delivers its tax services in the following areas of services:
RR No. 29-2025 – Amending "De Minimis" Benefits Ceiling (Date Posted: December 22, 2025)
This regulation further amends RR No. 2-98 by increasing the ceiling for non-taxable "De Minimis" benefits. This update aims to provide higher tax-free thresholds for specific employee benefits, helping adjust for current economic conditions.
RMO No. 48-2025 – Streamlining Tax Exemption for Socialized & Economic Housing (Date Posted: December 19, 2025)
Simplifies the application requirements for securing a Certificate of Tax Exemption for housing projects under RA No. 7279 and EO No. 226. It includes several new Annexes (1-A to 1-E) to standardize the application process.
RMC No. 4-2026 – Mandatory Online Registration of Books of Accounts (Date Posted: January 15, 2026)
Clarifies the mandatory use of the Online Registration and Update System (ORUS) for registering permanently bound loose-leaf and computerized books of accounts. Crucially, this circular also provides an extension for registration deadlines.
RAO No. 6-2025 – Official List of Revenue Regions and District Offices (Date Posted: December 9, 2025)
Provides the updated and comprehensive directory/list of all Revenue Regions and Revenue District Offices (RDOs) across the Bureau of Internal Revenue to ensure accurate taxpayer jurisdiction.
RDAO No. 2-2026 – Temporary Delegation of Authority for RR No. 8B (South NCR) (Date Posted: January 20, 2026)
Authorizes the Chief of the Assessment Division of RR No. 8B to sign specific documents from January 26–30, 2026. This temporary delegation is due to the official travel of the Regional Director during that period.
January’s updates include increases to de minimis benefit ceilings, streamlined tax exemption processes for housing, mandatory ORUS registration with deadline extensions, an updated directory of regions and RDOs, and a temporary delegation of signing authority in RR No. 8B (South NCR).
Stay updated for the latest BIR issuances and policy changes.
Our business advisory services offer tailored solutions that leverage industry best practices. From operational reviews to project financing, we empower you to optimize processes and achieve your business goals.
Discover Advisory Services 🔍➔
Our advisory services focus on strategic planning and analysis, helping you navigate complex business environments.
Explore Advisory Services 🔍➔ETP's wide experience spreads across industries and different level of capitalization from small, medium sized to multinational entities. Our due diligence work experiences include from mergers and acquisitions work to fraud audit of several local and multinational clients. Our experiences can be traced from 2007 up to present and to name a few:
Merger and acquisition due diligence work for Philippine multinational logistic company acquiring a logistic company in Cambodia.
Merger, business review and acquisition due diligence work for a hospitality and health care services entity based in Saipan.
Merger and acquisition due diligence work involving bad loans of global financial services company.
Merger and acquisition due diligence work involving deposit liabilities of a Philippine multinational financial service company.
In tax cases, an Independent Certified Public Accountant (ICPA) acts as a neutral expert, helping the court resolve complex financial issues. Their expertise helps the CTA make informed decisions.
Refers to the process by which a taxpayer seeks to recover taxes where they believe were either overpaid, improperly assessed, or illegally collected. For instance, VAT Refund refers to the process through which a Value-Added Tax (VAT)-registered taxpayer reclaims excess or improperly paid VAT from the Bureau of Internal Revenue (BIR). A successful tax refund results in the BIR returning the overpaid amount to the taxpayer. Conversely, an unsuccessful claim means the taxpayer must pay the assessed tax liability.
The BIR issues a tax assessment, detailing the taxpayer's alleged tax deficiency. This assessment details the amount of tax owed, including any penalties or interest for non-compliance. A tax assessment case in the Court of Tax Appeals (CTA) arises when a taxpayer disputes a tax assessment issued by the Bureau of Internal Revenue (BIR).
Due diligence work involving fraudulent transactions for local financial services firm.
Due diligence work involving fraudulent transactions for American firm involved in multi-level marketing selling innovative health care products.
Due diligence work involving fraudulent acts committed by a local supply chain partner of a German company who is leading global supply chain solutions.
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