More SMEs and Large Businesses Getting into Tax Optimization Game

Tax optimization is no longer a matter just for the multinationals and large enterprises. A growing trend of smart SME taxpayers globally are now tailoring their strategies originally drawn up for the big players which are now adopted by smaller and medium-sized business organization.

While tax evasion is illegal, tax avoidance is not. There are a number of strategies that tax experts can devise for firms to structure their business operations to avoid taxes. Called tax planning, tax avoidance or tax optimization, these strategies stay within the letter of the law. Unknown to many, there are various tax avoidance schemes available under the law that would allow taxpayers to reduce tax liabilities without violating Tax Code provisions.

To learn the secrets and tax-saving strategies utilized by these smart business organizations and individuals, the Center for Global Best Practices (CGBP) is running a special one-day seminar entitled, "Optimizing Tax Savings & Deductions – The Legal Way!" on the following schedules:

Thursday, January 11, 2018 at Hotel Del Rio, Iloilo City, Philippines, and
Thursday, June 14, 2018 at the Manor Hotel, Baguio City, Philippines

In this learning event, you will gain valuable insights from over 100 years of combined experiences and the rich sources of research materials put together by CGBP tax group to be lectured by one of the most respected tax experts who will share his best practices in the implementation of an efficient and effective tax planning program. The valuable information you will learn in this seminar will become even more relevant with the imminent passage of the Philippine tax reform law that increases the taxes across all industries in 2018. “The visit to these key cities is an opportunity to help big and small taxpayers save on their taxes”, says, CGBP founder and President Henry Belleza Aquende.

This comprehensive program will discuss the legally permissible means of avoiding taxes in all your transactions. The lecture will include updates, examples, new regulations in specific situations, tax minimization strategies, maximization of deductions, use of tax treaties, tools of estate planning, benefits under special tax laws, tax implications of selected IAS (international accounting standards), tax credits & refunds, and remedies of taxpayers. All these will be discussed thoroughly to guide participants in executing their plans or solving their tax problems and issues effectively.

This special seminar will feature expert tax practitioner, ATTY. NICASIO C. CABANEIRO, CPA. He is the partner in-charge of Tax Programs at the Center for Global Best Practices. He is a recognized authority in the practice of taxation and commercial law with a track record and solid reputation of saving his clients across various industries billions in taxes. He is a sought-after lecturer and tax consultant of high net-worth families, individuals and business organizations to help them with their tax and other legal matters. He has over 40 years of teaching experience and 25 years with bank of Philippine Islands capping his career as its Vice-President and Head of the Legal Services Division. He finished his accounting degree (Magna Cum Laude) and his law degree (Cum Laude) at the San Beda College of Law. One of his advocacies is in helping taxpayers save on taxes with the best strategies, effective solutions, implemented the RIGHT way.

Attend this best practices event and avail of early registration savings and group discount for 3 or more participants. This is a limited-seats-only event and pre-registration is required.

This is a CPD accredited seminar by the Board of Accountancy. Accountants attending this event will earn 6 CPD units. This learning event is open to the general public.

Interested participants may contact Center for Global Best Practices

Telephone Numbers:

Metro Manila: (+63 2) 842-7148/ 59 & 556-8968/ 69

Baguio City: (+63 74) 423-5148

Cebu City: (+63 32) 512-3106 or 07

Legaspi City: (+63 52) 736-0148

You may also find of interest the following tax-related and CPD accredited topics among numerous CGBP best practices programs:

1) New YearTax Updates and Remedies (January 26, 2018)

2) TaxRights and Remedies (October 5, 2018)

3) LocalGovernment & Real Property Taxation (August 17, 2018)

4) The Inheritance Law of the Philippines (February 23, 2018)

5) Families Guide to Estate and Tax Planning (May 4, 2018)