SGV Clark conducted a briefing on VAT updates for members of the Clark Investors and Locators Association (CILA) on 6 July. Tax Partners Hentje Leo L. Leaño (LLL) and Margaux A. Advincula (MAA) provided an overview of the development of the VAT provisions under Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act), and its Implementing Rules and Regulations (IRR). They also discussed Revenue Regulations No. 9-2021 and its implications for investors and locators.LLL and MAA with Dr. Villanueva at the CILA webinar
After the discussion, CILA Past President Dr. Francisco “Frankie” Villanueva provided his reaction on the VAT updates and how these will impact the Clark locators.
Around 340 participants, mostly from CILA member companies, attended the session, including CILA President Jeannie Ng and SGV Clark Head and CILA Vice Chair and SGV Partner Jose Pepito E. Zabat (JEZ). Tax Associate Director Michael Ray Lapasaran moderated the session. Tax Associate Brevin Perez assisted the speakers on the preparation of the webinar materials.