Our last four Suits the C-Suite articles have emphasized the need for importers to be audit-ready in the event that the Bureau of Customs (BoC)

When shipments are “cleared” at the border after payment of duties and taxes, importers often assume that the Bureau of Customs (BoC)

Many struggle to remember certain details, such as the phone numbers even of those close to them. This is due to the intrinsic limitation of human memory, or perhaps some

As discussed in last week’s column, Customs Administrative Order (CAO) No. 01-2019 has been issued. The CAO covers the conduct of the post clearance audit (PCA)

It has been more than a year since Executive Order (EO) No. 46 was issued which revived the post clearance audit (PCA) function of the Bureau of Customs (BoC).

The nature of business today is very different from how it was just a few years ago.

It has barely been a week since the New Year and already we have seen or experienced changes. Why? Because we are living in an age of transformation.

The humble image evoked by the idea of a traditional, family-run business contrasts with the fact that they are considered economic

In a previous article in this column, we spoke about how important it is for company leaders to become digital-enabled in today’s

In the first part of this article, we recalled that both private and public sectors must take the business of digital transformation

In recent articles published in this column, we have highlighted the growing need for digital-ready leadership and the digital

SGV & Co. is the first professional services firm in the world to receive the Economic Dividends for Gender Equality (EDGE) Assess Certification.

In a world of constant disruption and innovation-led advances, organizations are increasingly leveraging technology to transform

The Regional Trial Court (RTC) of Makati released its decision on the petition of banks seeking the invalidation of Bureau of Internal Revenue (BIR) Revenue Regulations

Offsetting (or netting) may arise in business transactions where there is a debtor-creditor relationship.

INTERNATIONAL Financial Reporting Standards (IFRS) 9, the replacement standard for International Accounting Standards (IAS) 39, Financial Instruments: Recognition and Measurement

In a professional services organization like SGV, we recognize that developing talent in all its forms is integral to our underlying objective of building a better working world.

CHANGE IS COMING faster than ever. As technology and the world economy changes at an accelerated pace, so too does the level of emerging risks that come with it due to regulatory requirements and globalization, among others.

As we approach the end of the calendar year, employees’ excitement builds as bonuses and incentives such as collective bargaining agreement

In the course of an ocular inspection for a client, an alternative to a physical visit was proposed — to view video footage of the plantation captured by drones.

A study conducted by the Bangko Sentral ng Pilipinas (BSP) showed that only two out of 10 households have bank accounts and, with an economy that has been growing 6% to 7% in recent years

Gone are the days when brick-and-mortar businesses dominated the market. Recent trends show that many businesses are now shifting to online platforms.

In the first part of this article, we took a deeper look at the newly released International Financial Reporting Standards (IFRS) 17, Insurance Contracts, issued in May 2017.

Organizations measure success in quantifiable terms, such as revenue, margins, production volumes, brand, reputation, and more importantly, longevity.

IFRS 15, Revenue from Contracts with Customers, the highly anticipated revenue standard issued by the International Accounting

International Financial Reporting Standard (IFRS) 9 Financial Instruments is the new accounting standard that will eventually replace

Just last week, I was invited to talk of the role of millennials in the work force at a convention in Davao City.

Hybrid mismatch arrangements are the focus of the 2-part Action Plan 2 of the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) initiative.

As the business environment for financial institutions grows increasingly more complex and challenging, more and more banks are rethinking their risk management systems

In our previous columns, we tackled some of the recommendations from the Organisation for Economic Co-operation and Development (OECD) on how to address the issue of Base Erosion and Profit Shifting (BEPS)

In last week’s column, we started our discussion on Base Erosion and Profit Shifting (BEPS) Action Plan 10, which seeks to align transfer pricing outcomes to value creation by providing protection to

THOSE with their ears to the ground may have got the sense that 2015 holds promise, while also realizing that extracting that potential will not be straightforward.

IN A WORLD fueled by rapid-fire innovation and technological evolution, progressive Chief Information Officers (CIO) are seeing more opportunities

IN TAX, the latest global buzzword is “BEPS” or base erosion and profit shifting. BEPS refers to the practice of multinational corporations (MNCs)

IN DAYS when Makati was still a 9-to-5 city, taxis knew their best chance at a late-night passenger would be outside the SGV & Co.

MORE than a month after the phenomenal damage wrought by super typhoon Yolanda, relief efforts continue for the thousands upon thousands of survivors who lost their homes and livelihoods.

WITH the entry into force of regional Free Trade Agreements (FTAs), importers have a window of opportunity to reduce costs by availing themselves of preferential customs duty rates.

IN LAST week’s article, we talked about the taxability of donations given the recent outpouring of compassionate aid

SUPER typhoon Yolanda (Haiyan) wrought unimaginable devastation in the Visayas and sparked a massive international relief

Although Typhoon Pablo brought unexpectedly sweeping devastation to some provinces in Mindanao – dampening

Globally, the hospitality industry has been showing significant recovery and growth, with better performance indicators

There are two versions of a bill currently pending in Congress that seek to change the system of investment incentives

In May 2011, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards

It is the day after Christmas and I am sure that you received some presents and likewise gave out gifts to your family and friends.

The International Accounting Standards Board (IASB) recently issued three new standards: IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, and IFRS 12 Disclosure of Interests in Other Entities.

Stiff, cut-throat competition in the global market and intense rivalry prompt companies to devise creative marketing strategies to keep ahead of competition.

An organization’s fundamental functions often pivot around the capabilities and boundaries of IT. But for some reason, the use of cloud, social media and personal devices in the enterprise has caught most IT organizations unprepared.