Members of the SGV Tax team participated in the Online Q3 General Membership Meeting organized by the Association of Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) Finance Executives (ASEFEX) in September 2022.
SGV Associate Directors Atty. Gracia Mae A. Beronilla and Atty. Rommelle I. Delos Santos were resource speakers on e-invoicing and recent tax updates, respectively. Atty. Gracia highlighted the implementation of the new e-invoicing system (EIS) in July 2022 for pilot taxpayers. She also discussed the requirements and mandates for those covered taxpayers under the new e-invoicing system.
Atty. Rommelle’s discussion focused on the recent significant BIR, PEZA and BOC Issuances such as the Guidelines on Availment of Tax Incentives under the Renewable Energy Act of 2008 and new documentary requirements under the Importers Accreditation. He also presented Court of Tax Appeals (CTA) Rulings on matters of right to collect taxes that have already prescribed and issues on refund or tax credit. The speakers and panelist, SGV Tax Senior Director Atty. Jo Ann Marie O. Casio, addressed questions and clarifications from the participants in the open forum.
About 90 ASEFEX and SEIPI members attended the assembly. Participation in the virtual briefing was coordinated by Logistics Market Sector Leader and Tax Principal Stephanie V. Nava (SVN) and Technology Market Sector Leader and Assurance Partner Manolito R. Elle (MRE). Senior Director Atty. Alden Patrick C. Labaguis and Indirect Tax (IDT) Senior Associates Atty. Andrea Nicole C. Loreno and Atty. James E. Gregorio were part of the organizing team.