Ride Sharing apps and the role of Accountants
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Transcript of Ride Sharing apps and the role of Accountants
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7/25/2019 Ride Sharing apps and the role of Accountants
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Imagine youare this
person
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Instead ofusing a taxi
Costly and
often choosy !
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You use yoursmartphone
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Why?
With a few
taps, one could
order a private car andget past the usual
troubles hailing a taxi
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Why? New level of ease andconvenience
Use of the Internet, ourphones, and electronictransactions, to get
something done.Safer: Uber, GrabTai, andpassengers !now the
drivers" name, contact
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With the rise of the
'newcomers(, di&erent publicutilit$ transport groups sa$'What about us)(
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It was in *a$ this $ear when #T-and the Transportation departmentapproved of these newcomers.
The$ also issued guidelines for companies
operating o&ering online private vehicleboo!ing services.
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/0T1 and #T- is nowregulating ride sharingservices in the 2hilippines.
-idesharing companies suchas Uber, Grab, 3as$, Tripid,Tripda will be regulatedunder a new categor$
'Transportation Networ!
1ompan$ 4TN15 or
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What is a
"C?"C or Transport Networ! 1ompan$isthe web$based platform that provide ride$sharing services, such as %ber or &rab*These classifcations were outlined in Memorandum Circular #2015-015under the Land Transportation Franchisin ! "eulator $oard %LTF"$&'
https://click.et.uber.com/?qs=1dd83d8edb51342a0c5b01f90715e1dfa0c36152d3e96154a12693fef5e5cffe43a014dca9631100https://click.et.uber.com/?qs=1dd83d8edb51342a0c5b01f90715e1dfa0c36152d3e96154a12693fef5e5cffe43a014dca9631100 -
7/25/2019 Ride Sharing apps and the role of Accountants
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What is a
"'(?Transport Networ! 6ehicleService)"'(* refers to vehicle owners whoprovide transportation services using the%ber or &rab platform*These classifcations were outlined in Memorandum Circular #2015-015under the Land Transportation Franchisin ! "eulator $oard %LTF"$&'
https://click.et.uber.com/?qs=1dd83d8edb51342a0c5b01f90715e1dfa0c36152d3e96154a12693fef5e5cffe43a014dca9631100https://click.et.uber.com/?qs=1dd83d8edb51342a0c5b01f90715e1dfa0c36152d3e96154a12693fef5e5cffe43a014dca9631100 -
7/25/2019 Ride Sharing apps and the role of Accountants
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+ut after 7 monthssince theimplementation of the guidelines,
there are still "'( operators who have
notapplied for "'( accreditation
roblem?
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roblem?/espite their non8compliance,the private vehicles accredited by %ber and&rabCar are still pl$ing and earning fromthe service of public transportation,
withoutthe re-uisite franchise, the./0+ chairman said
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Why is that?he compliance re-uirements became
a barrier to entry
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Why is that?0e-uirements set forth
are seen tootedious to
follow
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1nswer2hilcpaorgadvised2()ood thin that there arepracticin accountants thatcan help the +,er and
)ra,tai dri.ers/ to complwith all o thesereuirements or them to
ocus on what reall matters
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1nswer21ccountants can helpwhen it comes to taxand regulatory
compliances thatnew entries to the
mar3et often 4nd
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ersonal houghts
4hat is the 051.pro,lem
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ersonal
houghts
4hat is the
051.pro,lem
Chances are, actual userscompose of only a smallpercentage of our
population
"ot all /ilipinos have asmartphone "ot all cana6ord
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ersonal
houghts
4hat is the
051.pro,lem
he wealthy and the upper middleclass who compose the bul3 of %berand &rabaxi big partners and
users, and especially the rest of ourpeople who have a few choices alldeserve way better mass
transportation systems to be put in
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ersonal
houghts
4hat is the
051.pro,lem
%ber and &rabaxi cannot be ourmedium$ and long$term solutions tothe transportation woes in thehilippines
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ersonal
houghts
4hat is the
051.pro,lem
.et the ease and convenience ofride$sharing and virtual private carscompel us to confront and solve thereasons why we prefer these appsin the 4rst place
hey cannot substitute for the
http 77cnnphilippines com7news789:;79
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0eference
http277cnnphilippinescom7news789:;79A89(tudentA89CaseA89(tudies7%ber989:Gpdf http277philcpaorg789:;7::7tax$obligations$of$ube
r$grab$taxi$and$other$tncs$and$partners7 http277wwwmbcomph7uber$grabtaxi$disruption$i
snt$enough7 https277thenounproHectcom7for the icons
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