SGV Baguio closes 2015 with tax and PFRS seminars

SGV Baguio held workshops entitled Preparation of Corporate Income Tax Returns (ITRs) and Philippine Financial Reporting Standards (PFRS): Changes in 2015 and Beyond with speakers from SGV’s Global Compliance and Reporting (GCR) team and Accounting Standards Group (ASG) last 6 November 2015 and 11 December 2015 at El Cielito Inn, Baguio City.

GCR Partner Henry Tan, together with Senior Director Leo Leaño, presented the new issuances and recent regulations of the Bureau of Internal Revenue. Sessions on the hands-on application of the rules in preparing corporate ITRs were facilitated through practice sets or exercise problems. For the second workshop, ASG Partners Roel Lucas and Benjie Villacorte and Director Leomar Velez were the resource speakers on PFRS 9, Financial Instruments, and PFRS 15, Revenue from Contracts with Customers.

The participants came from various industries such as the semiconductor, aerospace and defense, manufacturing, microfinance institutions, construction, logistics, electric cooperatives, and education sectors. The two events were coordinated by SGV Baguio Partner-in-charge Aileen Saringan and Senior Director Noli Elle, together with SGV’s GCR and ASG teams.