SGV Baguio holds tax seminars

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Over 40 participants from various companies in Baguio and neighboring provinces recently attended a two-day seminar at El Cielito Hotel in Baguio. The topic on the first day was entitled Expenditure Taxation: Comprehensive Seminar to Achieve Tax Compliance in the Local Accounts Payable Process. The talk was designed to provide participants with updated information on the rules on expanded withholding tax (EWT), the applicable EWT rates, updated rules in claiming input taxes particularly the compliance with the substantiation requirements and the general rules on substantiation of local purchases claimed as deductions for income tax purposes. The seminars on the second day covered Tax Updates and How To Handle A BIR Audit.

Tax Reporting and Operations Group (TROG) partners Henry Tan and Francis Ricamora discussed expenditure taxation, Tax principal Jules Riego explained the administrative requirements and procedures during a BIR audit, and TROG Senior Director Hentje Leo Leano presented the latest updates in tax regulations. Also in attendance was SGV Baguio’s Partner-in-charge Aileen Saringan.