SGV Global Compliance and Reporting (GCR) Partner Josenilo “Nilo” G. Mendoza (JGM) and Senior Manager Zorayda Panumpang were speakers in the hybrid Tax Seminar for Kabang Kalikasan ng Pilipinas Foundation, Inc. (KKPFI), also known as WWF Philippines, on 23 September 2022.
Zorayda with the in-person attendees at the WWF tax seminar
Nilo discussed the basic concepts and rules for Expanded Withholding Tax (EWT) and Final Withholding Tax (FWT). Zorayda discussed the basic concepts and rules for Withholding Tax on Wages (WTW) and Fringe Benefits Tax (FBT). They covered the taxes’ nature and basic principles, withholding agents, exemptions from withholding, timing of withholding, common income payments subject to the taxes, computation, effects of failure to withhold, and administrative requirements. Their discussions also covered Tax Reform for Acceleration and Inclusion (TRAIN) law and Corporate Recovery and Tax Incentives for Enterprises (CREATE) law updates.
Nilo discussing EWT
Questions from the WWF participants were addressed after each session. WWF-Philippines is an environmental non-government organization working on improving Filipino lives by crafting solutions to climate change, providing sustainable livelihood programs, and conserving the country's richest marine and land habitats.
Zorayda discussing WTW