https://nordcham.glueup.com/event/guide-on-bir-audit-150473/
The Nordic Chamber of Commerce of the Philippines, in partnership with InCorp Philippines, presents a comprehensive session titled "Guide on BIR Audit" to empower businesses and professionals to better understand and navigate the BIR audit process.
🗓 Date & Time: August 13, 2025, starting at 10:00 AM (GMT+8)
📍 Venue: InCorp Philippines Community Space, Marajo Tower, 26th Street and Corner 4th Street, Bonifacio Global City, Taguig City
This session is designed to provide a clear and comprehensive understanding of the Bureau of Internal Revenue (BIR) audit process in the Philippines. Whether you're a business owner, finance professional, or simply want to stay compliant, this event will equip you with the knowledge and tools to confidently handle tax audits and minimize risks.
What You'll Learn:
1. Introduction to BIR Audit
- What is a BIR audit and why does it matter?
- Types of audits and their legal foundations
2. Common Triggers and Red Flags
- Why taxpayers get audited?
- How BIR selects accounts for review?
3. BIR Audit Process in a Nutshell
- From Letter of Authority (LOA) to Final Assessment
- Key timelines and taxpayer responsibilities
4. What to Prepare: Documents and Records
- Essential books, forms, and reports
- Common documentation pitfalls
5. How to Respond to BIR Notices
- Do's and Don'ts when receiving LOA, PAN, FAN
- Taxpayer rights and available remedies
6. Tips to Avoid/Minimize Audit Risks
- Compliance best practices
- Strengthening internal controls and regular reconciliation
Who Should Attend:
This is ideal for business owners, accountants, finance managers, legal professionals, and anyone responsible for or involved in ensuring tax compliance.
Why Attend:
This comprehensive session will provide attendees with valuable insights into the audit process, effective strategies to minimize audit risks, and the tools to ensure their businesses are well-prepared and safeguarded.