“A 10-percent flat tax will eliminate the unnecessary compliance costs and threat of BIR audit especially once the electronic invoicing has been implemented since it will be based on gross sales or revenues in lieu of income, business and other taxes.” – Mon Abrea, Chairman & CEO of Asian Consulting Group

Read more: FLAT TAX FOR SMALL BUSINESS

The CREATE Law that has been signed last March 27, 2021 by the President is expected to benefit the MSMEs by way of lower corporate income tax and other tax relief measures. Learn more about its major features, vetoed provisions and how businesses can take advantage of the newly passed law on the exclusive webinar for Elite Taxpayer Circle Members on April 20, 2021, 2PM via Zoom. Be one of the pioneer members of the Elite Taxpayer Circle to get access of our exclusive webinars HERE.