Ride Sharing apps and the role of Accountants

7/25/2019 Ride Sharing apps and the role of Accountants

1/23


2/23

Imagine youare this

person


3/23

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)(


8/23

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.


9/23

/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


11/23

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


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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


20/23

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


21/23

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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Ride Sharing apps and the role of Accountants