Obligations of Tax Consultant

A licensed Tax Consultant has the following obligations:

  1. Deliver tax consulting services in accordance with the tax laws and regulations;
  2. Adhere to the Tax Consultant code of ethics and refer to the Tax Consultant professional standards issued by the Tax Consultant Association as a guideline;
  3. Participate in continuous professional development activities organized and recognized by the Tax Consultant Association and meet the required continuous professional development credit units;
  4. Submit a Tax Consultant annual statement with the following requirements:
  1. Include the list and description of clients in softcopy and hardcopy formats and submit them through the Tax Consultant administration system;
  2. Enclose the list of continuous professional development activity realizations, for those having the obligation to participate in continuous professional development;
  3. Enclose a copy of valid Tax Consultant Association Membership Card; and
  4. Submit the annual statement no later than the end of April of the following Tax Year;
  1. Notify in writing the Director General of Taxes of any changes to their personal data by enclosing the proof of the changes; 
  2. Notify in writing the Director General of Taxes of any change of Tax Consultant Association where they are registered no later than 30 (thirty) business days following the date of the Decision Letter on Registration Cancelation from the Tax Consultant Association where they are registered. Enclose a signed and attested to copy of decision letter on membership in the new Tax Consultant Association;
  3. Document:
  1. Contracts or agreements with partnerships or legal entities where they have their licensed practice; or
  2. Contracts or agreements with clients;
  1. Consent to the publication of their information, such as name and address, on the Tax Consultant administration system.

 

When performing the tax rights and obligations on behalf of a Taxpayer, the Tax Consultant must produce a Power of Attorney from the Taxpayer and relevant documents as follows:

  1. A copy of Tax Consultant Practice License Card;
  2. Statement letter as a Tax Consultant;
  3. A copy of Taxpayer Identification Number (TIN) Card; and
  4. A copy of receipt of the Tax Consultant’s latest Annual Income Tax Return filing.