MG7 holds seminar on PFRS changes and related tax implications

MG7 held a seminar entitled Philippine Financial Reporting Standards (PFRS) – Changes in 2013 and Related Tax Implications last 12 November at the Washington SyCip Development Center. MG7 Leader Jimmy Del Rosario welcomed over 50 participants from various companies in the mining, hospitality, logistics and oil and gas industries, among others.

Assurance partners Len Layug and Johnny Ang, together with Transaction Advisory Services partner Dinty Cauan and Assurance senior manager Emie Villanueva,provided updates on the latest changes in PFRS while Tax partner Sonia Segovia discussed the tax implications of these changes.