Tax Partner Margaux A. Advincula (MAA) was a speaker at the American Chamber of Commerce in the Philippines (AmCham) North Luzon Virtual Kapihan on 30 July. Nearly 100 participants from AmCham member companies, other companies in Northern Luzon, and community partners attended the session, including AmCham North Luzon President Francisco Villanueva, Jr., and Board Members Erlinda Pamintuan, Evelyn Yumul and Cesar Ocampo.MAA with participants at the Virtual Kapihan
MAA discussed the new rules relevant to Value Added Tax (VAT). She covered the salient provisions of Revenue Regulations (RR) No. 9-2021, which provides new rules on the application of VAT on certain categories of transactions, and the issuance of RR No. 15-2021, which sought to suspend the implementation of RR No. 9-2021.
MAA also led an open discussion on the impact of RR Nos. 9-2021 and 15-2021 and potential amendatory RRs, on businesses and communities in Northern Luzon.