The Philippine Tax Whiz explores the distinction between a regular audit and a VAT Audit conducted by the BIR, offering insights into what taxpayers can expect during these processes and providing ...
Since January 2018, everyone is hearing about VAT audits someday seeing the light of day. However, after the announcement of Corporate Tax in January 2022, all the focus suddenly transformed from VAT ...
What are the selection criteria of the Bureau of Internal Revenue (BIR) for an issue-based audit? What is the coverage of this audit? Taxpayers with value-added tax (VAT) returns reflecting erroneous ...
An audit is a formal check of financial accounts of an individual, business or organization. An internal audit is conducted by members of the same organization or business, and an external audit may ...
An audit is a detailed scrutiny, analysis and verification of the accounting records, transactions and transaction documents of a business or an organization. The audit process involves the physical ...
The South African Revenue Service (SARS) has initiated the process of digitising its value-added tax (VAT) collection system. This, after SARS last week published a discussion paper on VAT ...