The Mactan Export and Processing Zone Chamber of Exporters and Manufacturers (MEPZCEM), in partnership with the Association of MEZ Controllers and Accountants (AMCA), had its first face-to-face seminar since the COVID-19 pandemic on 25 August 2022. The seminar, entitled “VAT, how?” was held at the Waterfront Airport Hotel and Casino Mactan Cebu. Members of the SGV Cebu Tax team were key resource speakers for this event.
Tax Senior Directors Atty. Karen and Atty. Anne
with members of the MEPZCEM and AMCA
Tax Senior Director Atty. Karen Mae Calam-Ibanez discussed the recent tax developments related to Value-Added Tax (VAT) brought about by Republic Act No. 15534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, and BIR Regulations such as Revenue Memorandum Circular 24-2022. She also discussed the specific guidelines to implement the Strategic Investment Priorities Plan (SIPP).
Tax Senior Director Atty. Anne Margaret Momongan-Lim discussed the recent tax developments applicable to Philippine Economic Zone Authority (PEZA) and Philippine Board of Investments (BOI)-registered companies and the amendments to laws such as the Foreign Investments Act, the Retail Trade Liberalization Act of 2000, and the Public Service Act.
Senior Associates Kara Marie Angela Bagunas and Joseph Santiago Quino were part of the organizing team. The event was attended by approximately 150 individuals from PEZA/BOI-registered companies.