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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What falls due this month.
The next filing and payment deadlines we are tracking. Open the calendar for the full year.
Get in touch
Let’s talk about your business.
Tell us what you need — audit, tax, bookkeeping, or advisory — and our team will get back to you.
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.
TITLE V — OTHER PERCENTAGE TAXES
SEC. 127. Tax on Sale or Exchange of Shares of Stock Listed and Traded through a Local or Foreign Stock Exchange
(A) Tax on Sale or Exchange of Shares of Stock Listed and Traded through a Local Stock Exchange. — There shall be levied, assessed and collected on every sale, exchange, or other disposition of shares of stock and other securities listed and traded through a local stock exchange, other than the sale by a dealer in securities, in lieu of capital gains tax, a tax at the rate of one-tenth of one percent (1/10 of 1%) of the gross selling price or gross value in money of the shares of stock sold, exchanged, or otherwise disposed which shall be paid by the seller or transferor.181
Any gain realized from the sale, exchange, or disposition of listed shares of stock by a dealer in securities licensed by the appropriate government regulatory agencies to buy and sell securities, for the individual’s own account in the ordinary course of business, shall be considered ordinary income.
(B) Tax on Sale or Exchange of Shares of Stock Listed and Traded through a Foreign Stock Exchange. — There shall be levied, assessed, and collected on every sale, exchange, or other disposition of shares of stock of a domestic corporation listed and traded through a foreign stock exchange, other than the sale by a dealer in securities, in lieu of capital gains tax, a tax at the rate of one-tenth of one percent (1/10 of 1%) of the gross selling price or gross value in money of the shares of stock sold, exchanged or otherwise disposed which shall be paid by the seller or transferor.182
(C) Return on Sale of Shares of Stock and Other Securities Listed and Traded in a Local or Foreign Stock Exchange. — It shall be the duty of every stockbroker who effected the sale subject to the tax imposed herein to collect the tax and remit the same to the Bureau of Internal Revenue within five (5) banking days from the date of collection thereof and to submit on Mondays of each week to the secretary of the stock exchange, of which the taxpayer is a member, a true and complete return which shall contain a declaration of all the transactions effected through the taxpayer during the preceding week and of taxes collected by the said taxpayer and turned over to the Bureau of Internal Revenue: Provided, That for return on sales of shares of stock of a domestic corporation listed and traded in both local and foreign stock exchanges, the collection and remittance of the above tax shall be in accordance with the rules promulgated by the Secretary of Finance, upon the recommendation of the Commissioner of Internal Revenue: Provided, further, That the remittance of the said tax shall be made within a period not exceeding ten (10) banking days.183
(D) Common Provisions. — Any gain derived from the sale, barter, exchange or other disposition of shares of stock under this Section shall be exempt from the tax imposed in Sections 24(C), 27(D)(2), 28(A)(8)(c), and 28(B)(5)(c) of this Code and from the regular individual or corporate income tax. Tax paid under this Section shall not be deductible for income tax purposes.184
Amendment notes
- Capital Markets Efficiency Promotion Act (RA 12214), sec. 17, approved 29 May 2025 — amended. Before the amendment the Section was headed “Tax on Sale, Barter or Exchange of Shares of Stock Listed and Traded through the Local Stock Exchange or through Initial Public Offering”; the tax under Subsection (A) was six-tenths of one percent (6/10 of 1%) of the gross selling price; Subsection (B) imposed a tax on shares sold or exchanged through an initial public offering at rates of four percent (4%), two percent (2%) and one percent (1%) according to the proportion of shares disposed of; and Subsection (C) required the return of the stockbroker and of the corporate issuer in a primary or secondary offering. The initial public offering tax had earlier been repealed by Section 6 of the Corporate Recovery and Tax Incentives for Enterprises Act (Republic Act No. 11534). The enrolled text of the amendment prints the rate as “one-tenths of one percent (1/10 of 1%)”; it is set here as “one-tenth”.
- Capital Markets Efficiency Promotion Act, sec. 17 — inserted.
- Capital Markets Efficiency Promotion Act, sec. 17 — inserted.
- Capital Markets Efficiency Promotion Act, sec. 17 — inserted.
- Not amended by the Capital Markets Efficiency Promotion Act. Following the renumbering introduced by Sections 4 and 6 of that Act, the references to Sections 24(C) and 27(D)(2) are to be read as references to Sections 24(B)(3) and 27(D)(4), respectively.