SGV Davao holds seminar on customs and transfer pricing

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SGV Davao held a seminar on customs and transfer pricing on 18 January with 37 accounting and tax practitioners in attendance. Transfer Pricing Group Head and Tax partner Rommie Danao’s discussion included the transfer pricing guidelines prescribed by the Organization for Economic Development as well as relevant BIR rulings and court decisions. Meanwhile, Tax associate director Lee Guian Paulo Castasus tackled the basic concepts of the Bureau of Customs’ rules on importation, import valuation system, post-entry audit procedures, Voluntary Disclosure Program and best practices.