SGV holds tax seminar in Cagayan de Oro

Last 14 October 2016, SGV Cebu and Cagayan de Oro successfully conducted a tax seminar on Withholding Tax on Wages (WTW) and Fringe Benefits Taxes (FBT) at the Limketkai Luxe Hotel, Cagayan de Oro City.

Global Compliance and Reporting (GCR) Director Rosevi B. Rosete discussed the important Tax Code provisions and BIR regulations relevant to WTW, while GCR Associate Director Joel V. Conson talked about FBT. The speakers explained recent issuances and decisions from the Court of Tax Appeals and the Supreme Court. They also highlighted a number of common mistakes and incorrect tax treatments made by companies in relation to withholding taxes. They presented the tax implications of such errors and also discussed solutions to correct such mistakes.


Seminar participants included accountants and management representatives from various companies and industries, mainly from Cagayan de Oro and Iligan. This event was part of the series of Tax Seminars jointly organized by the Cebu Business Tax Services (BTS) and GCR groups to help the local business community refresh, enrich and update their knowledge and appreciation for the Philippine Taxation system.

BTS Senior Associate Atty. Al Marvin W. Santos organized the event, with Assurance Associate Lyca Lim as the emcee. The team members included Mipps Mardie Semillano, Melissa Joyce To, John Edmar Garde and Giness Marie Rosales from BTS, as well as Rolaine Mary Basilio from GCR, and Cziarry Jahn Bagajo, Orven Heart Jaula, Christiane Marie Baloc, Lyca Lim, and Julius Mark Tolitol from the Audit team.