• It minimizes the possibility that BIR will audit your accounting records.
• You can easily produce accurate income tax returns without any risk
• It creates good credit ratings for financial institutions and agencies.
• You will gain the trust of the investors.
• Taxes are used to improve the economy and it attracts more investors which can generate more job opportunities. Furthermore, generating job opportunities through taxes is somewhat a form of Corporate Social Responsibility that can help to attract potential customers.