Tax team hosts PCS webinar

The Private Client Services (PCS) group of SGV Tax hosted a webinar titled Tax Insights: Wealth Planning Considerations for Dual Citizens on 10 July. The roundtable discussion provided insights on succession planning, wealth management, and the process of setting up a trust and its various tax implications. These include the tax impact of being a beneficiary of a trust and the marital property regimes under the Family Code of the Philippines.

Speakers at the PCS webinar

Speakers included EY ASEAN and SGV Business Tax Services Leader Jules Riego; EY US Tax Principal Marianne R. Kayan; EY ASEAN Tax Leader, Asia-Pacific Private Family Enterprise Leader and Private Tax Partner Desmond Teo; Atlas Asia Law (Singapore) Director Benjamin Szeto; and EY ASEAN US Tax Help Desk Senior Manager Michael Xiang. SGV Tax Partner Cheryl Ong moderated the session.

Over 180 participants attended the webinar, including business owners who are dual citizens or have family members who are dual citizens. The event’s organizing team included Tax Partner Thyrza Marbas, Tax Director Anne Margaret Momongan, and Tax Associate Directors Marian Kris Santos and Rosalie Nuñeza.