What we do
Full-service assurance, tax, and advisory.
From statutory audit to strategic advisory, our engagements are built on rigor, ethics, and a genuine understanding of your business.
Audit & Assurance
- Financial statements audit
- Internal audit
- Review of historical financial statements
- Review of prospective financial statements
Tax Services
- Tax assessment
- Tax compliance health check
- Tax due diligence
- Tax opinions and rulings
- Tax planning and structuring
- Estate and donor’s tax compliance
Accounting Services
- Bookkeeping
- Compilation of financial statements
- Account reconciliations
- Internal accounting
Advisory & Business Consultancy
- Business policy making
- Financial due diligence
- Risk management
- Strategic management
Corporate Services
- Business registration
- Corporate structuring
- Corporate secretarial
- Payroll processing and compliance
Other Services
- Agreed-upon procedures
- Company profiling & loan application assistance
- Estate planning · Retirement planning and funding
- Contract review · Collection services
- Real estate services and other allied services
Who we serve
Industries we serve.
The reporting framework, the controls, and the regulator differ by sector. Our engagements cover twelve.
Beyond Tacloban City
Engagements run from wherever you are.
Clients elsewhere in Eastern Visayas, in Metro Manila and in other regions work with us without travelling to our office.
Documents turned over online
Records, schedules and supporting documents are exchanged through shared online folders, and reports are delivered the same way.
Meetings by video call
Planning, status and closing meetings are held by video call. Visits are scheduled where the work requires them, such as an inventory count.
Electronic filing
Returns and reports are filed through the online systems of the BIR, the SEC and the other agencies that accept them.
Our Partners
Led by credentialed professionals.
Four partners with national distinctions, international practice, and deep roots in the academe.
Placed 2nd in the May 2018 CPA licensure examination. Trained in assurance and taxation at one of the largest professional services firms in the world before returning to Region VIII, and has since audited MSMEs through to large corporations. Assists taxpayers through BIR audits and assessments. Teaches audit, assurance, and taxation, and authored a CPA reviewer book on auditing.
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Audit and Professional Practice Director at one of the world’s Top 4 professional services firms, serving in its London, New York, and Philippine offices. Sat three consecutive terms on the Audit and Assurance Standards Council, served as National President of PICPA for FY 22-23, and sits on the council of the ASEAN Federation of Accountants. Led Saint Paul School of Professional Studies as President for more than a decade.
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Placed 1st in the May 2018 CPA licensure examination and 10th in the December 2023 Bar. Practice centres on tax compliance and health checks, assistance with tax audits, corporate structuring, and tariff and customs compliance. Began his career as a risk and compliance officer, internal auditor, and data privacy officer. Lectures on taxation and commercial law and reviews for the CPA board examinations.
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More than half a decade in the public practice of accountancy, auditing MSMEs and large corporations across retail and trade, educational institutions, non-profits, importation, and services. Began as an audit associate at a Manila firm. Works in full-cycle accounting and financial reporting with variance and ratio analysis. School accountant and part-time lecturer at SPSPS, and treasurer of PICPA–Tacloban Chapter.
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2nd Floor, Rubber Tree Building, Brgy. 77, 611 BLISS – Fatima Diversion Road, Tacloban City, Philippines 6500
Suite 302, F. Mendoza Complex, Sto. Niño St., Brgy. 28, Tacloban City 6500
0995 398 9482
info@aaccocpas.com
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Insights
AAC Tax Code.
The National Internal Revenue Code of 1997 as it currently stands — consolidated by the firm to carry the TRAIN Law, the CREATE Act, the Ease of Paying Taxes Act, the VAT on Digital Services Act, CREATE MORE, the CMEPA and the amendatory laws in force to 1 August 2026, with a footnote at every provision naming the law that changed it.
The printed edition runs to 240 pages and carries the same text, footnotes and references as the browser below. Every section here shows the page it sits on in that PDF, so a citation taken from the screen matches the one taken from the book.
REFERENCES
References Amendatory laws bearing on the Code
LIST OF AMENDATORY LAWS AFTER REPUBLIC ACT NO. 8424:
(1) RA No. 8761 — “An Act Imposing the Value-Added Tax on Certain Services Beginning January 1, 2001, Amending for the Purpose Section 5 of Republic Act No. 8424 and for Other Purposes,” Approved 16 February 2000; Effective 1 January 2000.
(2) RA No. 9010 — “An Act to Further Defer the Imposition of the Value-Added Tax on Certain Services, Amending for the Purpose Section 5 of Republic Act No. 8424, As Amended by Republic Act No. 8761,” Approved 27 February 2001; Effective 1 January 2001.
(3) RA No. 9224 — “An Act Rationalizing the Excise Tax on Automobiles, Amending for the Purpose of the National Internal Revenue Code of 1997, and for Other Purposes,” Approved on 29 August 2003; Effective 3 October 2003.
(4) RA No. 9238 — “An Act Amending Certain Sections of the National Internal Revenue Code of 1997, as Amended by Excluding Several Services from the Coverage of the Value-Added Tax and Re-imposing the Gross Receipts Tax on Banks and Non-Bank Financial Intermediaries Performing Quasi- Banking Functions and Other Non-Bank Financial Intermediaries Beginning January 1, 2004,” Lapsed into law on 5 February 2004; Effective 1 January 2004.
(5) RA No. 9243 — “An Act Rationalizing the Provisions on the Documentary Stamp Tax of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes,” Approved on 17 February 2004; Effective 20 March 2004.
(6) RA No. 9294 — “An Act Restoring the Tax Exemption of Offshore Banking Units (OBUs) and Foreign Currency Deposit Units (FCDUs), Amending for the Purpose Section 27(D)(3) and Section 28, Paragraphs (A)(4) and (A)(7)(b) of the National Internal Revenue Code, as Amended,” Approved on 28 April 2004; Effective 21 May 2004.
(7) RA No. 9334 — “An Act Increasing the Excise Tax Rates Imposed on Alcohol and Tobacco Products, Amending for the Purpose Sections 131, 141, 142, 143, 144, 145 and 288 of the National Internal Revenue Code of 1997, as Amended,” Approved on 21 December 2004; Effective 1 January 2005.
(8) RA No. 9337 — “An Act Amending Sections 27, 28, 34, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 119, 121, 148, 151, 236, 237 and 288 of the National Internal Revenue Code, as Amended, and for Other Purposes,” Approved on 24 May 2005; Effective 1 November 2005.
(9) RA No. 9361 — “An Act Amending Section 110(B) of the National Internal Revenue Code of 1997, as Amended and for Other Purposes,” Approved on 21 November 2006; Effective 13 December 2006.
(10) RA No. 9504 — “An Act Amending Sections 22, 24, 34, 35, 51 and 79 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997,” Approved on 17 June 2008; Effective 6 July 2008.
(11) RA No. 9648 — “An Act Exempting from Documentary Stamp Tax Any Sale, Barter or Exchange of Shares of Stock Listed and Traded Through the Stock Exchange, Further Amending for the Purpose Section 199, of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 9243 and for Other Purposes,” Approved on 30 June 2009; Effective 20 March 2009.
(12) RA No. 10001 — “An Act Reducing Taxes on Life Insurance Policies, Amending for this Purpose Sections 123 and 183 of the National Internal Revenue Code of 1997, as Amended,” Approved on 23 February 2010, with Presidential veto on Section 4, in accordance with Article VI, Section 27(2) of the Constitution; Effective 1 April 2010.
(13) RA No. 10021 — “An Act to Allow the Exchange of Information by the Bureau of Internal Revenue on Tax Matters Pursuant to Internationally-Agreed Tax Standards, Amending Sections 6(F), 71 and 270
of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes,” Approved on 5 March 2010; Effective 10 April 2010.
(14) RA No. 10026 — “An Act Granting Income Tax Exemption To Local Water Districts by Amending Section 27(C) of the National Internal Revenue Code (NIRC) of 1997, as Amended, and Adding Section 289-A to the Code, for the Purpose,” Lapsed into law on 11 March 2010 without the signature of the President, in accordance with Article VI, Section 27(1) of the Constitution; Effective 13 April 2010.
(15) RA No. 10351 — “An Act Restructuring the Excise Tax on Alcohol and Tobacco Products by Amending Sections 141, 142, 143, 144, 145, 8, 131 and 288 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended by Republic Act No. 9334, and for Other Purposes,” Approved on 19 December 2012, with Presidential veto on certain portions, in accordance with Article VI, Section 27(2) of the Constitution; Effective 21 December 2012.
(16) RA No. 10378 — “An Act Recognizing the Principle of Reciprocity as Basis for the Grant of Income Tax Exemptions to International Carriers and Rationalizing Other Taxes Imposed Thereon by Amending Sections 28(A)(3)(a), 109, 118 and 236 of the National Internal Revenue Code (NIRC), as Amended, and for Other Purposes,” Approved on 7 March 2013; Effective 28 March 2013.
(17) RA No. 10653 — “An Act Adjusting the 13th Month Pay and Other Benefits Ceiling Excluded from the Computation of Gross Income for Purposes of Income Taxation, Amending for the Purpose Section 32(B), Chapter VI of the National Internal Revenue Code of 1997, as Amended,” Approved on 12 February 2015; Effective 1 March 2015.
(18) RA No. 10864 — “An Act Defining Raw Sugar or Raw Cane Sugar, Amending Section 109(A) And (F) of the National Internal Revenue Code Of 1997, As Amended, and for Other Purposes,” Lapsed into law on 10 June 2016.
(19) RA No. 10963 — “An Act Amending Sections 5, 6, 24, 25, 27, 31, 32, 33, 34, 51, 52, 56, 57, 58, 74, 79, 84, 86, 90, 91, 97, 99, 100, 101, 106, 107, 108, 109, 110, 112, 114, 116, 127, 128, 129, 145, 148, 149, 151, 155, 171, 174, 175, 177, 178, 179, 180, 181, 182, 183, 186, 188, 189, 190, 191, 192, 193, 194, 195, 196, 197, 232, 236, 237, 249, 254, 264, 269, and 288; Creating New Sections 51-A, 148-A, 150-A, 150-B, 237-A, 264-A, 264-B, and 265-A; and Repealing Sections 35, 62, And 89; All Under Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended, and for Other Purposes,” also known as Tax Reform for Acceleration and Inclusion (TRAIN) Law, Approved 19 December 2017 with Presidential veto on certain proposed amendments; Effective 1 January 2018.
(20) RA No. 11256 — “An Act to Strengthen the Country’s Gross International Reserves (GIR), Amending for the Purpose Sections 32 and 151 of the National Internal Revenue Code, As Amended, and for Other Purposes,” Approved on 29 March 2019; Effective 9 June 2019.
(21) RA No. 11346 — An Act Increasing the Excise Tax on Tobacco Products, Imposing Excise Tax on Heated Tobacco Products and Vapor Products, Increasing the Penalties for Violations of Provisions on Articles Subject to Excise Tax, and Earmarking a Portion of the Total Excise Tax Collection from Sugar-Sweetened Beverages, Alcohol, Tobacco, Heated Tobacco and Vapor Products for Universal Health Care, Amending For This Purpose Sections 144, 145, 146, 147, 152, 164, 260, 262, 263, 265, 288, and 289, Repealing Section 288(B) and 288(C), and Creating New Sections 263-A, 265-B, and 288-A of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 10963, and For Other Purposes; Effective 1 January 2020.
(22) RA No. 11467 — An Act Amending Sections 109, 141, 142, 143, 144, 147, 152, 263, 263-A, 265, and 288-A, and Adding a New Section 290-A to Republic Act No. 8424, As Amended, Otherwise Known as the National Internal Revenue Code of 1997, and For Other Purposes; Effective 1 January 2020.
(23) RA No. 11494 — “An Act Providing for COVID-19 Response and Recovery Interventions and Providing Mechanisms to Accelerate the Recovery and Bolster the Resiliency of the Philippine Economy” (Bayanihan to Recover as One Act), Approved on 11 September 2020. Its tax measures
applied to taxable years 2020 and 2021 and have lapsed; Sections 11(f) and 11(g) were declared unconstitutional in Saint Wealth Ltd. v. Bureau of Internal Revenue, G.R. Nos. 252965 and 254102, 7 December 2021.
(24) RA No. 11534 — An Act Reforming the Corporate Income Tax and Incentives System, Amending for the Purpose Sections 20, 22, 25, 27, 28, 29, 34, 40, 57, 109, 116, 204 and 290 of the National Internal Revenue Code of 1997, As Amended, and Creating Therein New Title XIII, and For Other Purposes, Approved on 26 March 2021 with Presidential veto on certain proposed amendments; Effective 11 April 2021.
(25) RA No. 11590 — “An Act Taxing Philippine Offshore Gaming Operations, Amending for the Purpose Sections 22, 25, 27, 28, 106 and 108, and Adding New Sections 125-A and 288(G) of the National Internal Revenue Code of 1997, as Amended,” Approved on 22 September 2021. Repealed in its entirety by Section 18 of Republic Act No. 12312.
(26) RA No. 11635 — “An Act Amending Section 27(B) of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes,” Approved on 10 December 2021.
(27) RA No. 11976 — “An Act Introducing Administrative Tax Reforms, Amending Sections 21, 22, 51, 56, 57, 58, 76, 77, 81, 90, 91, 103, 106, 108, 109, 110, 112, 113, 114, 115, 116, 117, 118, 119, 120, 128, 200, 204, 229, 235, 236, 237, 238, 241, 242, 243, 245 and 248, and Repealing Section 34(K) of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes” (the Ease of Paying Taxes Act).
(28) RA No. 12001 — “An Act Instituting Reforms in Real Property Valuation and Assessment in the Philippines, Reorganizing the Bureau of Local Government Finance, Granting Tax Amnesty on Real Property and Special Levies on Real Property, and Appropriating Funds Therefor” (the Real Property Valuation and Assessment Reform Act), Approved on 13 June 2024. Section 38 repeals Section 6(E) of the Code and modifies Sections 24(D), 27(D)(5) and 88(B).
(29) RA No. 12023 — “An Act Amending Sections 105, 108, 109, 110, 113, 114, 115, 128, 236 and 288 and Adding New Sections 108-A and 108-B of the National Internal Revenue Code of 1997, as Amended”.
(30) RA No. 12066 — “An Act Amending Sections 27, 28, 32, 34, 57, 106, 108, 109, 112, 135, 237, 237-A, 269, 292, 293, 294, 295, 296, 297, 300, 301, 308, 309, 310 and 311, and Adding New Sections 135-A, 295-A, 296-A and 297-A of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes” (the CREATE MORE Act).
(31) RA No. 12079 — “An Act Creating a VAT Refund Mechanism for Non-Resident Tourists, Adding a New Section 112-A to the National Internal Revenue Code of 1997, as Amended, for the Purpose,” Approved on 6 December 2024.
(32) RA No. 12214 — “An Act Amending Sections 22, 24, 25, 27, 28, 32, 34, 38, 39, 42, 51, 52, 56, 57, 127, 149, 174, 176, 179, 190, 199 and 259 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended, and for Other Purposes” (the Capital Markets Efficiency Promotion Act), Approved on 29 May 2025. The reference to Section 259 in the title appears to be a drafting error: the operative provision, Section 24 of the Act, amends Section 258 of the Code (Unlawful Pursuit of Business), and it is annotated there in this volume.
(33) RA No. 12235 — “An Act Amending Sections 134 and 168 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended,” Approved on 29 August 2025, with Presidential veto; see Revenue Memorandum Circular No. 95-2025.
(34) RA No. 12253 — “An Act Enhancing the Fiscal Regime for the Large-Scale Metallic Mining Industry, Amending for the Purpose Sections 34(B), 287, and the Subjects of Title VI and Chapter VII Thereof, and Creating New Sections 151-A, 151-B, 151-C, 151-D, and 287-A, All Under Republic Act No. 8424” (the Enhanced Fiscal Regime for Large-Scale Metallic Mining Act), Approved on 5 September 2025; effective 20 September 2025, the fiscal regime applying from 17 February 2026.
(35) RA No. 12312 — “An Act Banning and Declaring Illegal Offshore Gaming Operations in the Philippines and Other Operations Related Thereto, Repealing for the Purpose Republic Act Numbered Eleven Thousand Five Hundred Ninety” (the Anti-POGO Act of 2025), Approved on 23 October 2025.
(36) RA No. 12316 — “An Act Authorizing the President to Suspend or Reduce Excise Tax on Petroleum Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended,” Approved on 25 March 2026. See also Executive Order No. 114 (2026).