As a reviewer, Ampongan emphasizes the "Lifeblood Theory" and the three fundamental canons of a sound tax system: : Revenue must meet government expenditures.
This is often the most challenging area for many examinees, but the "Ampongan" style is known for demystifying it. The coverage is exhaustive, including:
Authentic copies are widely available through major Philippine e-commerce platforms and local bookstores. CPA Reviewer in Taxation 2025 edition by Ampongan
This section forms the core of the reviewer. It features exhaustive problems on: Gross income inclusions and exclusions.
Organized into specific parts (e.g., Part 2: Income Taxation, Part 7: Tax Remedies) for targeted review.
Ampongan explicitly designs multiple-choice options that mirror common student errors. If you forget to deduct the standard deduction in an estate tax problem, that wrong answer will be sitting perfectly in option "B." By practicing with these materials, you learn to spot and avoid these examiners' traps.
Set a timer. Give yourself 1.5 minutes per theoretical question and 2.5 minutes per computational question to build your stamina for the actual board exam. Final Thoughts
The is a staple resource for accounting students and aspiring CPAs in the Philippines, authored by Omar Erasmo G. Ampongan . "Exclusive" editions typically refer to the latest updated versions—such as the 2025 Edition —which incorporate critical changes from recent laws like the EOPTA (Ease of Paying Taxes Act) . Why It’s a Top Choice for CPAs
