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FKS speaks at BAIPHIL webinar
SGV Tax leader Atty. Fabian K. delos Santos (FKS) was invited by the Bankers Institute of the Philippines, Inc. (BAIPHIL) to be the guest speaker in a webinar titled General Membership Meeting (GMM) and Executive Learning Series (ELS): The Fundamentals of CREATE Law and Updates on Tax Regulations on 26 October 2021. FKS answers questions from the participants FKS provided updates on the tax regulations and other issuances impacting the banking industry. He also shared his insights on pending bills, such as the Digital Services Taxation Bill and Tax Reform Packages 3 and 4. The webinar concluded with an open forum, where FKS addressed the participants' questions. The event was attended by over 300 participants, with Financial Services Organization - Tax Partner Jay A. Ballesteros (JAB) and Global Compliance and Reporting (GCR) Senior Manager Mary Grace Cabalida representing SGV.
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MTH speaks at PARA webinar
The Philippine Association of Realty Appraisers (PARA) Inc. conducted its third Continuing Professional Development (CPD) webinar, on “Philippine Valuation Standards (PVS) 2018, 2nd Edition”. SGV Strategy and Transactions Partner Marie Stephanie Tan-Hamed (MTH) was invited as a guest speaker during the sessions held on 16 October and 23 October of the three-day event. MTH shared her insights on IVS 200 Business and Business Interests and IVS 210 Intangible Assets during the first day. She then shared insights on IVS 500 Financial Instruments during the second day. MTH presents during the second day of the webinar The CPD-accredited webinar was attended by licensed and registered real estate practitioners who were interested in learning more about the Philippine Valuation Standards 2018, its contents and impact on the practice of the appraisal profession.
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Tax Senior Director speaks at IBPAP’s LEGCOM Meeting on House Bill No. 7425
SGV Indirect Tax & Global Trade Senior Director Atty. Alden Patrick Labaguis was the guest speaker at the IBPAP LEGCOM Meeting: VAT on Digital Transactions on 6 October 2021. The virtual briefing was spearheaded by and provided in coordination with the IT and Business Process Association of the Philippines (IBPAP). IBPAP guest speaker SGV Tax Senior Director Atty. Labaguis Atty. Labaguis was invited by IBPAP to share his valuable insights on the salient provisions of House Bill No. 7425, which proposes to impose value-added tax (VAT) on digital transactions in the Philippines. On 21 September 2021, the House of Representatives approved on final reading a proposal imposing a 12% VAT on digital transactions in the country to generate new sources of funding for the country’s COVID-19 response efforts. The Bill seeks to clarify the imposition of VAT on online advertisement services, digital services in exchange for a regular subscription fee, and the supply of other electronic and online services. Participation in the virtual briefing was coordinated by Logistics Industry Leader and Tax Principal Stephanie V. Nava (SVN) and Technology Industry Leader and Assurance Partner Manolito R. Elle (MRE). The briefing’s coordination and organizing team included Tax Associate Director Gracia Mae A. Beronilla and Tax Senior Associate Roland Joseph C. Mendoza.
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