SGV Cebu conducts withholding taxes seminar

SGV Cebu organized last 31 August a whole-day tax seminar on Withholding Tax on Wages (WTW) and Fringe Benefits Taxes (FBT) in the SGV Cebu office. Attendees included accountants and management representatives from various companies and industries based in Cebu and Bohol.

Global Compliance and Reporting (GCR) Director Gecel Codera discussed the Tax Code provisions and Bureau of Internal Revenue regulations relevant to WTW and FBT, including some recent issuances and decisions of the Court of Tax Appeals and Supreme Court. She also highlighted a number of common mistakes and incorrect tax treatments, the complications that may arise from those errors, and the solutions to correct them.

sgv-cebu-conducts-withholding-taxes-seminar

The event is part of the series of tax seminars jointly organized by the Cebu Business Tax Services (BTS) and GCR groups to help refresh and update the local business community’s knowledge of the Philippine Taxation system.

The organizing team included Tax Associate Allan Leo Paran, Melissa Joyce To, Al Marvin Santos, Mipps Mardie Semillano, John Edmar Garde and Giness Marie Rosales from BTS; and Alessa Joy Cruz and Jacklyn Solange Yap from GCR.