Business World – Suits the C-Suite articles 2021

Redefining Philippine Taxation: CREATE By Karen Mae L. Calam and Aiza P. Giltendez April 12, 2021

A long period of uncertainty was ended after President Rodrigo R. Duterte signed Republic Act No. 11534, known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act on March 26.

Embracing a new operating reality for corporate reporting By Aris C. Malantic April 5, 2021

In the face of COVID-19, finance leaders find themselves having to strike a difficult balance in delivering corporate reporting.

Sustainability reporting in the Philippines: Year One review By Benjamin N. Villacorte and Yna Altea D. Antipala March 29, 2021

Today, as markets become more unstable, companies are obligated to create a sustainable business model and implement environmental

Revisiting the Tax Sparing rule By Edison U. Ortiz March 22, 2021

In 1974, legislators recognized the importance of attracting foreign investment and provided a reduced tax rate for dividends received by non-resident foreign corporations

VAT refunds during the pandemic By Joanne P. Lansangan March 15, 2021

The COVID-19 pandemic has forced businesses to explore new ways to improve their cash flow

A better working world where #SheBelongs By Maria Vivian C. Ruiz March 8, 2021

Today, as we celebrate International Women’s Day, we continue to recognize that women’s advancement is an

Narrowing the scope for transfer pricing reporting By Auresana B. Ines March 1, 2021

COVID-19 (coronavirus disease 2019) has taken the world by storm, with the pandemic requiring unprecedented community quarantines

Why boards of private businesses must prioritize cybersecurity By Carlo Kristle G. Dimarucut February 22, 2021

Imagine getting a frantic call from your head of IT. Your accounting personnel have reported that

Business World – Suits the C-Suite articles 2020

The geopolitical outlook in 2021 By Wilson P. Tan December 28, 2020

As the world continues to grapple with the pandemic, global political risk hit a multi-year high and is expected

Fiscal relief and accounting considerations on the road to recovery By Rosalie T. Lapuz and Leomar G. Velez December 22, 2020

In the first part of this article, we discussed the regulatory relief that the government provided

Fiscal relief and accounting considerations on the road to recovery By Rosalie T. Lapuz and Leomar G. Velez December 14, 2020

According to the Organisation for Economic Co-operation and Development (OECD)

Business mobility in the new normal By Czarina R. Miranda December 7, 2020

The new normal has created multi-layered and complex conditions for businesses. At the onset of the pandemic, organizations were forced to

How CFOs can transform Finance in the Age of Disruption By Evert De Bock November 30, 2020

Even before COVID-19, finance leaders across a range of sectors were already in the process of evaluating

Cybersecurity during the pandemic By Warren R. Bituin November 26, 2020

In last week’s article, we highlighted the challenges of cybersecurity in terms of remote working

How boards can set the course for a stronger future By Maria Vivian C. Ruiz November 16, 2020

As society continues to evolve towards a post-pandemic world and the economy adjusts to the new normal

What is double nontaxation of income? By Jose Rey R. Manuel November 9, 2020

Tax law, as a rule, is constantly evolving and adapting, which is why tax authorities all over the world frequently

Business World – Suits the C-Suite articles 2019

On purpose, passion and possibilities By J. Carlitos G. Cruz December 23, 2019

Whenever the calendar year winds down, many among us find it an opportune moment to reflect and reevaluate the last 12 months.

Avoid these pitfalls on the road to digital transformation By Piyali Roy December 16, 2019

While digital transformation is one of today’s most frequently-used buzzwords, the concept itself is constantly transforming.

Act fast before the FAST Act interferes with US Passports By Jocelyn M. Magaway December 9, 2019

This article applies to US citizens, US nationals and their employers, the latter to ensure US Federal tax compliance.

Cars, not horses: Creating a sustainable growth advantage By Narciso T. Torres, Jr. December 2, 2019

Realizing growth is a challenge for all entrepreneurs who dream of creating and scaling their startups into tomorrow’s multinational corporations.

Business World – Suits the C-Suite articles 2018

Succession and unlocking the future of family businesses By Jules E. Riego December 17, 2018

The humble image evoked by the idea of a traditional, family-run business contrasts with the fact that they are considered economic

Fast-tracking digital transformation By Rossana A. Fajardo December 10, 2018

In a previous article in this column, we spoke about how important it is for company leaders to become digital-enabled in today’s

Can the public sector spearhead digital transformation? By Wilson P. Tan December 3, 2018

In the first part of this article, we recalled that both private and public sectors must take the business of digital transformation

Can the public sector spearhead digital transformation? By Wilson P. Tan November 26, 2018

In recent articles published in this column, we have highlighted the growing need for digital-ready leadership and the digital

Business World – Suits the C-Suite articles 2017

Effective reporting of expected credit loss estimates under IFRS 9 By Geraldine Rose V. Ogerio December 18, 2017

INTERNATIONAL Financial Reporting Standards (IFRS) 9, the replacement standard for International Accounting Standards (IAS) 39, Financial Instruments: Recognition and Measurement

Disruption and corporate training By Jennifer Jeanne S. Lim Bok-Uyking December 11, 2017

In a professional services organization like SGV, we recognize that developing talent in all its forms is integral to our underlying objective of building a better working world.

Reinventing internal audit in the age of disruption By Christiane Joymiel C. Say-Mendoza December 4, 2017

CHANGE IS COMING faster than ever. As technology and the world economy changes at an accelerated pace, so too does the level of emerging risks that come with it due to regulatory requirements and globalization, among others.

Are productivity incentive schemes benefits considered De minimis or other benefits? By Hentje Leo L. Leaño November 27, 2017

As we approach the end of the calendar year, employees’ excitement builds as bonuses and incentives such as collective bargaining agreement

Agriculture 3.0: Farms go digital By Jose Raoul J. Balisalisa November 20, 2017

In the course of an ocular inspection for a client, an alternative to a physical visit was proposed — to view video footage of the plantation captured by drones.

Financial inclusion in the age of digital disruption By Christian G. Lauron and Ruben D. Simon, Jr. November 16, 2017

A study conducted by the Bangko Sentral ng Pilipinas (BSP) showed that only two out of 10 households have bank accounts and, with an economy that has been growing 6% to 7% in recent years

Transfer Pricing Challenges in Cloud Computing By Ana Katrina C. Celis-De Jesus November 06, 2017

Gone are the days when brick-and-mortar businesses dominated the market. Recent trends show that many businesses are now shifting to online platforms.

IFRS 17: In search of better answers By Charisse Rossielin Y. Cruz October 30, 2017

In the first part of this article, we took a deeper look at the newly released International Financial Reporting Standards (IFRS) 17, Insurance Contracts, issued in May 2017.

Business World – Suits the C-Suite articles 2016

Seventy and beyond By Cirilo P. Noel December 20, 2016

Organizations measure success in quantifiable terms, such as revenue, margins, production volumes, brand, reputation, and more importantly, longevity.

The impact of IFRS 15 on the telecom industry By Ernesto A. Clarin December 12, 2016

IFRS 15, Revenue from Contracts with Customers, the highly anticipated revenue standard issued by the International Accounting

IFRS 9: Are global banks ready? By Redgienald G. Radam December 5, 2016

International Financial Reporting Standard (IFRS) 9 Financial Instruments is the new accounting standard that will eventually replace

The talent of tomorrow By J. Carlitos G. Cruz November 28, 2016

Just last week, I was invited to talk of the role of millennials in the work force at a convention in Davao City.

Business World – Suits the C-Suite articles 2015

BEPS Action Plan 2: Neutralizing the effects of hybrid mismatch arrangements By Faustina Victoria E. Ochoa-Sarmiento December 28, 2015

Hybrid mismatch arrangements are the focus of the 2-part Action Plan 2 of the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) initiative.

Focusing on nonfinancial risks by Vicky Lee-Salas December 21, 2015

As the business environment for financial institutions grows increasingly more complex and challenging, more and more banks are rethinking their risk management systems

Transfer pricing of intangibles in the age of BEPS By Joyce A. Francisco December 14, 2015

In our previous columns, we tackled some of the recommendations from the Organisation for Economic Co-operation and Development (OECD) on how to address the issue of Base Erosion and Profit Shifting (BEPS)

BEPS Action Plan 10: Low value-adding services (Second of two parts) By Auresana I. Torres December 7, 2015

In last week’s column, we started our discussion on Base Erosion and Profit Shifting (BEPS) Action Plan 10, which seeks to align transfer pricing outcomes to value creation by providing protection to

Business World – Suits the C-Suite articles 2014

2015: a year for awareness and action beyond borders By Cirilo P. Noel December 29, 2014

THOSE with their ears to the ground may have got the sense that 2015 holds promise, while also realizing that extracting that potential will not be straightforward.

The six traits of digital-ready CIOs By Warren R. Bituin December 22, 2014

IN A WORLD fueled by rapid-fire innovation and technological evolution, progressive Chief Information Officers (CIO) are seeing more opportunities

The OECD action plan on Base Erosion and Profit Shifting By Fidela I. Reyes and Margarita Mallari-Acaban December 15, 2014

IN TAX, the latest global buzzword is “BEPS” or base erosion and profit shifting. BEPS refers to the practice of multinational corporations (MNCs)

Leveraging Filipino talent: Going global without leaving home By Arnel F. De Jesus December 9, 2014

IN DAYS when Makati was still a 9-to-5 city, taxis knew their best chance at a late-night passenger would be outside the SGV & Co.

Business World – Suits the C-Suite articles 2013

Investing in and for social change By Cirilo P. Noel December 23, 2013

MORE than a month after the phenomenal damage wrought by super typhoon Yolanda, relief efforts continue for the thousands upon thousands of survivors who lost their homes and livelihoods.

An importer’s guide to free trade agreements By Victor C. De Dios December 16, 2013

WITH the entry into force of regional Free Trade Agreements (FTAs), importers have a window of opportunity to reduce costs by availing themselves of preferential customs duty rates.

Tax relief for casualty losses By Cheryl Edeline C. Ong December 9, 2013

IN LAST week’s article, we talked about the taxability of donations given the recent outpouring of compassionate aid

Tax breaks for the compassionate By Betheena C. Dizon December 2, 2013

SUPER typhoon Yolanda (Haiyan) wrought unimaginable devastation in the Visayas and sparked a massive international relief

Business World – Suits the C-Suite articles 2012

Growth, prosperity and duty by Cirilo P. Noel December 17, 2012

Although Typhoon Pablo brought unexpectedly sweeping devastation to some provinces in Mindanao – dampening

The greening of the hotel industry by Jose Pepito E. Zabat III December 10, 2012

Globally, the hospitality industry has been showing significant recovery and growth, with better performance indicators

Do fiscal incentives truly promote change? by Fara G. Vargas-Pagaran November 4, 2012

There are two versions of a bill currently pending in Congress that seek to change the system of investment incentives

Investment Entities: The Standards and their Challenges by Ma. Emilita L. Villanueva November 26, 2012

In May 2011, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards

Business World – Suits the C-Suite articles 2011

“The Gift of Knowledge” by W. SyCip (December 27, 2011)

It is the day after Christmas and I am sure that you received some presents and likewise gave out gifts to your family and friends.

“New consolidation standard redefines ‘control’” by Editha Viray-Estacio (December 19, 2011)

The International Accounting Standards Board (IASB) recently issued three new standards: IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, and IFRS 12 Disclosure of Interests in Other Entities.

“Accounting for customer loyalty programs” by Dhonabee B. Señeres (December 12, 2011)

Stiff, cut-throat competition in the global market and intense rivalry prompt companies to devise creative marketing strategies to keep ahead of competition.

“Embracing the new IT reality” by Carlo Kristle G. Dimarucut (December 5, 2011)

An organization’s fundamental functions often pivot around the capabilities and boundaries of IT. But for some reason, the use of cloud, social media and personal devices in the enterprise has caught most IT organizations unprepared.