EY FSO Tax leaders hold session for banks

As part of the Firm’s thought-leadership activities for valued clients, APAC FS Tax Leader Ian McNeill and ASEAN FS Tax Leader Amy Ang visited Manila anew last 21 October 2016 to give updates on the banking sector and to discuss the challenges facing the financial services industry in the ASEAN Region. Tax Partner Allan Exclamador (AVE) discussed the recent decision of the Supreme Court on PEACe bonds and its implications on the banking industry, while Tax Partner Jay Ballesteros (JAB) provided insights on the potential accounting and income tax aspects that financial institutions need to consider. Officers and representatives of 16 foreign and local banks attended the session.

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AVE and JAB organized the session. They were assisted by MG 5 Tax Senior Director Donna Mari Singayan, Director Marie Catherine Manarpiis and Executive Assistant Ruth Penaflor.