SGV Tax Principal Veronica A. Santos (VAS) was among the speakers at the 2nd LNG & Clean Energy Investment Summit (LCES 2021) on 23 March. The LCES 2021 welcomed over 200 executives and professionals from the energy industry who discussed the expansion of the liquefied natural gas (LNG) and clean energy industries in the Philippines and how to integrate technological, environmental and economic developments into the LNG and clean energy markets toward profitability and growth.
VAS led a session on LNG Projects’ Tax Considerations. She explained the taxation for the Upstream Sector, which includes service contractors and sub-contractors of service contractors, and for the Downstream Sector, which includes FSRU contractors, operators of a natural gas facility, contractors for the construction of LNG terminals, pipelines, and transmission/distribution-related facilities.
