Members of the SGV Tax Team conducted a seminar on Transfer Pricing: Overview & Updates with PortCalls on 22 July 2022. Representatives from different logistics companies in the Philippines participated in the joint event, which was held at the Holiday Inn & Suites Makati.
Atty. Alden, Atty. Rhena, and PortCalls Director Ms. Mariel Kiatchko
SGV International Tax Partner Atty. Auresana B. Ines and SGV Indirect Tax (IDT) Senior Director Atty. Alden Patrick C. Labaguis led the topic discussions. Atty. Rhena discussed concepts and relevant transfer pricing issuances. She also explained the process of preparing transfer pricing documentation.
Meanwhile, Atty. Alden gave a brief discussion on how transfer pricing adjustments on imported goods may have customs implications, such as customs duties and value-added tax (VAT) on importation. Both speakers addressed questions from the participants during the open forum.
The onsite seminar was made possible through the initiative of SGV Logistics Leader and IDT Principal Stephanie V. Nava in collaboration with PortCalls. PortCalls is a news and data provider for cargo transport and logistics professionals. IDT Senior Associates Lauren Antonette M. Mendoza, Ernest Joshua G. Ardiente, Kierk Robin M. Ret, and Andrea Nicole C. Loreno were part of the seminar’s organizing team.