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Retail Excellence Seminar Series – Taxation Seminar, “Current Trends & Tax Compliance Updates”

February 23, 2016 @ 1:00 pm - 5:00 pm

REGISTRATION FORM LINK:

February 23 Seminar Registration Form

TITLE:

Taxation Seminar, “Current Trends & Tax Compliance Updates”

DATE:

February 23, 2016 (Tuesday)

TIME:

1:00-6:00pm (Registration starts at 12:00pm)

VENUE:

Nostalg 1&2 Oakwood Premier Joy Nostalg Center Manila, Pasig City

SEMINAR BACKGROUND:
Retailers always face challenges of keeping abreast of developments that affect their compliance and planning strategies.

These constant changes in tax and regulatory policies and programs underscore the importance of being vigilant in monitoring the latest developments as they occur. Being up-to-date is critical to achieve the level of competence and confidence in dealing with tax issues and other compliance requirements with administrative ease and to protect oneself from the exposure and related risks.

With the lowering of oil price, there is a move and clamor from the public as well as certain sectors addressed to retailers in general to lower the price of their commodities. However, some suppliers are reluctant given the need to balance the interest as well as other factors such as the aggressive stand of the Bureau of Internal Revenue, Securities & Exchange Commission, Department of Trade & Industry, and Bureau of Customs among others in the tax administration as well as regulatory policies. Many believe that these are apparent burden in the form of imposable penalties if there is non-compliance.

As we summarize relevant tax and statutory updates for the year 2015 from January to December, we will share with you how these updates affect your existing compliance. Soon you will realize if your Company has complied or may still need to revisit your existing practice to avoid tax assessments and penalties!

COURSE OUTLINE:
I. Updates on Employee Taxes & Statutory Compliance
II. What’s New on POS & CRM: A quick glance on invoicing compliance & how these directly impact your VAT liability
III. Inventory List submission amplified
IV. Recent court cases on VAT refund
V. What’s new on creditable withholding tax, options available, statutory compliance requirements on submission
VI. Statutory compliance on registration of books of accounts
VII. What’s new in the BIR and how these affect your future compliance?
VIII. Impact of BIR’s computerization projects on present compliance
IX. A revisit of controversial tax evasions cases filed in 2015 & alleged modus operandi
X. Additional de minimis benefits introduced last January as well as increase in tax-exempt ceiling of 13th month pay (February) & their impact in your year-end annualization of compensation tax
XI. Online submission of tax returns and how this affect our filing compliance from April 2015 to present
XII. SEC updates on amendments
XIII. Extension deadlines, local tax amnesty introduced by various Local Government Units involving business permits & licenses as well as real estate tax + revision of zonal valuation
XIV. Supreme Court decisions on various tax assessments and enforcements employed by the BIR and how these change the level of playing field
XV. New SSS retirement proposal, increase in contribution & funeral grants + online benefit application: their impact in your year-end statutory contribution computation
XVI. Bills pending in Congress such as tax exemption on overtime pay & night-shift differential pay, holiday pay, tax breaks for PWDs, fiscal rationalization; their impact in your future compliance.
XVII. Recent development on Senior Citizen discount; filing compliance & year-end accounting
XVIII. Priority targets of the BIR: Am I one of those?

WHO SHOULD ATTEND:

Accountants, Field Auditors, Purchasing & Disbursement Officers, Human Resource Officer, Tax Compliance Officer

LEARN FROM EXPERT:

PHOTO

Atty. Willie B. Santiago, CPA (Director – Tax and Corporate Services Division, Diaz Murillo Dalupan and Company)

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PROFILE:

Attorney Willie obtained his law degree from Lyceum of the Philippines University-Makati City in 2006 and pre-bar courses at University of the Philippines Law Complex. He started his career as an Associate at Assurance and Business Services, SGV & Company/Ernst & Young. He never left his audit, tax, and accounting practice even as he moved on to academe to join as a Faculty at College of Business Administration, Lyceum of the Philippines University, Intramuros, Manila and Institute of Accounts, Business, and Finance Far Eastern University (FEU), Morayta, Manila.

He joined Tax and Corporate Services Division (TACS), Diaz Murillo Dalupan & Company way back 2006 as an Assistant Tax Manager handling contesting tax assessment and tax compliance review engagements.

Willie has handled numerous contesting tax assessment engagements involving non-stock-non-profit educational institutions, brokerage, charter flights/airline, call centers, club shares, property management company, trading, manufacturing, and service types of business operations ranging from small to medium-size and multi-national companies registered with the Board of Investments (BOI) and Philippine Economic Zone Authority (PEZA).

Willie has also handled personal civil, criminal, and labor cases where he practices litigation on a part time basis. He is a member of Philippine Institute of Certified Public Accountants (PICPA), Integrated Bar of the Philippines (IBP) Makati Chapter, and Tax Management Association of the Philippines (TMAP).

REGISTRATION FEE:

EARLY BIRD RATE

(if paid on/or before

Feb. 19, 2016)

REGULAR RATE

(If paid on

Feb. 20-23, 2016)

PRA Members Php 1650 Php 1850
Non-PRA Members Php 2650 Php 2850
*Minimum of 3 = less 5%

 

For more details, contact us at 6874181 or email at specialprojects@philretailers.com/ncm_philretailers@yahoo.com and look for Ivan or Norie.

Details

Date:
February 23, 2016
Time:
1:00 pm - 5:00 pm
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