By Aubrey Rose A. Inosante, Reporter
The Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) said recent reforms to the tax audit process at the Bureau of Internal Revenue (BIR) send a positive signal to global investors.
FFCCCII President Victor T. Lim said the group welcomes the “positive reforms” in the BIR designed to curb the misuse of Letters of Authority and related audit instruments, which are documents issued to revenue officers authorizing them to inspect company books.
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