SGV Baguio hosts comprehensive tax seminar

The SGV Global Compliance and Reporting (GCR) Team conducted a one-day tax seminar recently at the Venus Parkview Hotel, Baguio City. The seminar was divided into a morning session led by GCR Partner Leo Leaño (LLL) and an afternoon session led by Business Tax Services Partner Rubina Aquino (RBA). Over 50 participants from various sectors attended the seminar.

LLL’s session titled Closing the Taxable Year: A comprehensive seminar on year-end tax requirements and reconciliation procedures discussed year-end Bureau of Internal Revenue (BIR) filing, reporting and administrative requirements and tax-related financial statements disclosures, as well as the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) Bill and other draft bills on tax amnesty.

RBA led a session titled How to Survive a BIR Audit, where she described the conduct of BIR audit and how taxpayers must respond accordingly to the audit investigation. She also discussed the rights and remedies of taxpayers according to the Tax Code and other laws and recent BIR issuances.