Customs and transfer pricing lecture held

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SGV recently conducted a joint lecture on customs and transfer pricing for Sojitz Philippines Corporation and its affiliates. Senior director Stephanie Vicente-Nava discussed the basic concepts of the Bureau of Customs’ rules on importation, import valuation system, post-entry audit procedures, the Voluntary Disclosure Program and best practices. Senior director Emmylou Limwan also briefed the participants on the newly issued Philippine transfer pricing regulations. The lecture was followed by an open forum with Transfer Pricing Group Head Rommie Danao and Indirect Tax Country Leader Mark Tamayo.