SGV Indirect Tax (IDT) Principal Atty. Alden C. Labaguis and Global Compliance and Reporting (GCR) Senior Director Marivic “Mavic” M. Rebulanan served as resource speakers at the in-person training event organized by the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) for the Association of SEIPI Finance Executives (ASEFEX), in collaboration with SGV. Approximately 60 ASEFEX members, including SEIPI partners and stakeholders attended the training, which was held at the Washington SyCip Development Center (WSDC) Training Rooms, SGV I Building in Makati City.
Event poster
Mavic kicked off the training with a discussion on the significance of Transformative Tax Compliance requirements. She provided updates from the Bureau of Internal Revenue (BIR) regarding invoicing and receipting requirements, the proper income tax treatment of equity-based compensation, the creditable input tax on capital goods, and the relevant tax changes in 2023.
Alden discussed and compared the Bureau of Customs (BOC) and BIR’s audit processes, along with recent implementing rules and regulations, including crucial dates to remember and the remedies available to taxpayers and importers throughout the audit process, while also highlighting the significant differences between BIR and BOC audits. He further shared the latest developments and issuances related to BIR and BOC audits, including notable cases decided by the Court of Tax Appeals (CTA) and the Supreme Court (SC).
Technology Sector Leader and Assurance Partner Manolito R. Elle and Alden led the coordination of the training, while IDT Associate Director Atty. Lauren Antonette M. Mendoza, and IDT Senior Associates Attys. Kierk Robin M. Ret and Natividad G. Busa formed part of the organizing team.
