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Smart Taxpayers' Guide to Optimizing Tax Savings and Deductions


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. 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 letters of the law. Unknown to many, there are various tax avoidance schemes available under the law that would allow taxpayers to reduce tax 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) will host a program entitled, Smart Taxpayers’ Guide on Optimizing Tax Savings and Deductionsscheduled on Thursday, June 14, 2018 at the Forest Lodge, 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. 

Attending to this becomes relevant to business owners with the passage of 2018 TRAIN Law. "The visit to key provincial 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 program 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.

You may also find of interest the following tax-related topics among numerous CGBP Best Practices programs:

1) BIR Computerized Accounting System Compliance for Large Taxpayers (June 21, 2018)
2) Local Government & Real Property Taxation (August 17, 2018)
3) Tax Rights & Remedies for SMEs & Large Taxpayers (October 5, 2018)
4) Families' Guide to Wills, Trusts & Inheritance (November 23, 2018)
5) TRAIN Law + New Year Tax Updates (January 18, 2018)


These programs are open to the general public and are CPD accredited. Accountants attending these learning events will earn CPD points.


The Center for Global Best Practices (CGBP) also accepts in-house training and consulting for individuals, families, and corporate clients. For complete details and list of other best practices seminars, you may check www.cgbp.org or call Manila lines at (+63 2) 842-7148 or 59; (+63 2) 556-8968 to 69; and Cebu lines at (+63 32) 512-3106 to 07.

Note: Public officials and government employees attending these training programs are exempted from the P 2,000 limit set by COA based on the Department of Budget and Management circular 563 issued on April 22, 2016.

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