Tax Compliance and Customs Group updates SEIPI

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Members of SGV’s Tax Compliance Group and the Global Trade and Customs Group were guest speakers at the 11th Philippine Semiconductor and Electronics Convention held recently at the SMX Convention Center, Pasay City. Tax partner Atty. Fame delos Santos provided updates on recent Bureau of Internal Revenue (BIR) regulations affecting the semiconductor and electronics industry. Atty. Mark Tamayo discussed updates on the Bureau of Customs’ (BoC) issuances including the new rules for the post-entry audit of importers.

BIR Commissioner Kim Henares was the guest speaker for the rules and procedure to secure the required BIR’s Importer Clearance Certificate (BIR-ICC) back-to-back with SGV senior director Stephanie Vicente-Nava, who discussed the BoC’s rules for importer accreditation.