SGV holds COVID-19 webcasts

SGV continues to conduct thought leadership programs amidst the COVID-19 pandemic through webcasts on topics vital to businesses and organizations during the enhanced community quarantine (ECQ). The webcasts cover topics on tax, global trade, employee health, public policy and risk.

SGV conducts briefings on ECQ related BIR Issuances
The SGV Tax Team held a series of briefings in April on relevant government issuances and policies during the ECQ. The webcasts discussed the guidelines released by the Bureau of Internal Revenue, Bureau of Customs, Securities and Exchange Commission, Philippine Economic Zone Authority, Board of Investments, and social welfare agencies like the Social Security System and PhilHealth.

Speakers at the ECQ tax briefing

Country Managing Partner Wilson P. Tan (WPT) and Tax Services Leader Fabian K. delos Santos (FKS) welcomed over 700 participants to the online briefing held on 22 April. Tax Partners and Principals Josenilo G. Mendoza (JGM), Jonald R. Vergara (JRV), Cheryl Edeline C. Ong (CCO), and Aaron C. Escartin (ACE) spearheaded the morning session. Tax Partners and Principals Victor C. de Dios (VCD), Maria Margarita D. Mallari-Acaban (MDM), and Thyrza F. Marbas (TFM) led the afternoon discussion.

KSM holds webcasts on enterprise resiliency
Advisory Partner Kaye S. Macaisa (KSM) spoke on business disruption and operational resiliency at the 3rd e-Kapihan of the Philippine Franchise Association on 15 April. KSM also discussed building enterprise resiliency at the virtual learning series of the Philippine Retail Association and the Clark Investors and Locators Association (CILA) e-Kapihan Session on 30 April. She shared tips on how enterprises and other businesses can sustain business continuity now, build their resilience for what’s next, and prepare for the future after the COVID-19 pandemic. She emphasized that building and strengthening enterprise resilience requires a structured and comprehensive business continuity approach. The next step is to thrive and transform in a world after the pandemic.

Poster of PRA’s webinar with KSM

FKS and LLL speak at ANZCHAM webinar
FKS and Tax Partner Leo L. Leaño (LLL) discussed tax deadlines and other BIR-related issuances at a briefing hosted by the Australia-New Zealand Chamber (ANZCHAM) on 28 April. LLL spoke on BIR issuances and updates related to the ECQ and FKS explained the latest provisions of Revenue Regulations No. 9-2020 on donations.

Title screens from FKS and LLL’s presentations at the ANZCHAM webinar

EY hosts ASEAN Tax Webcast Series
On 5-6 May, EY hosted an ASEAN Tax Webcast Series that provided participants with tax, finance and legal insights to help them understand the tax implications, risks and opportunities arising from the COVID-19 pandemic. The first webcast of the series discussed the specific COVID-19 related challenges affecting the tax functions in ASEAN markets. Speakers then presented a case study to examine common tax and business issues affecting organizations with regional operations. Speakers included CCO, EY ASEAN and Malaysia Tax Leader Amarjeet Singh, and EY Tax Partners Sockalingam Murugesan, Chester Wee, Nick Muhlemann, Tracey Kuuskoski and Su San Leong.

FKS and CCO presenting at the ASEAN Tax Webcast

In the second webcast, the speakers discussed stimulus measures and other changes introduced by governments across ASEAN to alleviate the impact of the ongoing COVID-19 disruptions. They shared strategies to help participants navigate key government measures and implications for companies with regional operations; manage increasingly complex tax compliance obligations amidst new policy changes and leverage government support for businesses; and manage payroll issues arising from the disruption. Speakers included FKS, EY ASEAN Global Compliance and Reporting Leader Julian Wong, and EY Tax Partners Nathanael Albert, Farah Rosley and Chai Wai Fook.

PICPA organizes business resiliency and tax webinars
The Philippine Institute of Certified Public Accountants Metro Manila Region (PICPA MMR) and the PICPA Western Metro Manila Chapter (PICPA WMMC) conducted a seminar titled “Physical Return and Work Reimagined” on 6 May. Board of Accountancy Chairman Noe G. Quiñanola welcomed over 400 participants to the briefing. The webinar featured speakers SGV Partner and Advisory Leader Rossana A. Fajardo (RAF) and KSM. SGV Assurance Partner and former PICPA WMMC President Marydith C. Miguel (MCM) also moderated the session. They discussed the risks and challenges that businesses and their people face as well as the opportunities they can leverage on to achieve new energy, vision and resilience during the pandemic. They explained the areas that organizations need to focus on when facilitating the recovery and resumption of their business operations, and preparing their employees for work after the ECQ. They emphasized that organizational response must incorporate a people-centric approach in order to enable trust, agility and transformative resilience. 

PICPA’s Physical Return and Work Reimagined webinar

On 7 May, PICPA MMR organized another briefing on the ECQ-related BIR issuances and the extended tax deadlines. LLL discussed BIR issuances on donations, documentary stamp tax on qualified loans, authority-to-print, qualified imported goods, acceptance of tax payments, extensions of the due dates for filing and payment of tax returns, and tax document submissions and payments to LGUs. PICPA South Metro Manila Chapter President-Elect and SGV Tax Partner Maricris See hosted the webinar and facilitated the open forum.

LLL presenting at the PICPA webinar and CCO and JGM presenting at the ECCP briefing

CCO and JGM speak at ECCP webinar
Tax Partners CCO and JGM discussed extended tax deadlines and ECQ-related donations in a webinar hosted by the European Chamber of Commerce of the Philippines on 8 May. JGM explained the extension of tax statutory deadlines and the implementation of the tax exemption provision of RA 11469. CCO discussed tax incentives and requirements on donations made during the ECQ.