Skip to main content

Importers and Exporters must know this NEW trade Law!

If you are importing and exporting goods to and from the Philippines or the customs broker for your client, it is your business to know the rules set by the Bureau of Customs (BOC). The implementing rules and regulations (IRR) of the Customs Modernization and Tariff Act (CMTA) have recently been released by the Bureau of Customs through various Customs Administrative Orders (CAOs) and Customs Memorandum Orders (CMOs) to clearly spell out the many changes that will impact on your trade transactions.
Managing customs compliance is essential for all importers and exporters. With the clamor of the different players and stakeholders to address this important issue, the Center for Global Best Practices is launching a one-day training entitled, New Customs and Import Rules of the Philippines to be held on June 7, 2019 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines.

Attendees of this training will learn compliance best practices and everything they need to know on the changes in the Tariff and Customs Code of the Philippines that will impact on their trade transactions so they may hurdle the challenges and avoid higher penalties in the form of administrative fines, surcharges and interests for misdeclaration, undervaluation and misclassification of imported goods, failure to pay correct duties and taxes among many others.

This will also include recent Department of Finance issuances as well as relevant foreign and local jurisprudence on matters involving imported goods. Managing your customs compliance obligations responsibly and proactively can make a critical difference in the success of your business.

This program will feature, Atty. Mark Anthony P. Tamayo, CPA who is a Partner at MTF Counsel (Mata-Perez, Tamayo & Francisco) specializing in, among others, Global Trade and Customs planning, Cross Border Tax planning, International & Domestic (national & local) Tax planning, advisory & controversy, Corporate Organization, Reorganization and Restructuring, Mergers & Acquisitions, Contracts and Investment Incentives.

Prior to MTF, he was a Tax Partner at SGV & Co., a member firm of Ernst & Young Global, and served as the Indirect Tax Country Leader and Head of the Global Trade & Customs. He successfully handled the firm’s major and sensitive tax & customs advisory, advocacy and compliance engagements and is continuously helping many importers, exporters, and businesses succeed in their trade transactions.

This training is open to the general public and is also highly recommended for business owners and the management of import-export companies, lawyers, CPAs, customs brokers, manufacturers and assemblers, logistics companies, PEZA locators, and other stakeholders.
You may also find of interest other Best Practices Programs:

1) Best Business Practices on How to Set Up an Internal Audit System (CPD-Accredited)
     Wednesday & Thursday, May 29 & 30, 2019

2) 2019 Revised Corporation Code of the Philippines
     Wednesday, June 19, 2019 (Cebu City)

3) Best Practices in Implementing Effective Business Controls
     Thursday, June 20, 2019 (Cebu City)

4) Masterclass on Writing Minutes of Meetings
     Friday, June 21, 2019 (Cebu City)

5) Best Practices to Create a Working Board
     Friday, June 28, 2019


7) How to Really Read Financial Statements (CPD-Accredited)
     Wednesday & Thursday, July 10 & 11, 2019



10) Best Practices in Succession Planning
       Friday, September 6, 2019

11) Legal Best Practices in Crafting your HR Code of Discipline
       Thursday, September 12, 2019

12) Manager Effectiveness Program
       Wednesday & Thursday, October 9 & 10, 2019

13) Corporate Governance Board Effectiveness Best Practices
       Friday, November 8, 2019

14) Best Practices in Managing Financial Performance
       Wednesday & Thursday, November 27 & 28, 2019

15) Certification Course for Compliance Officers
       Date to be announced.

16) More at www.cgbp.ph

For inquiries, you may contact 
Center for Global Best Practices

Telephone Numbers:
Metro Manila: (+63 2) 842-7148 or 59, and (+63 2) 556-8968 or 69
Baguio City: (+63 74) 423-2914
Cebu City: (+63 32) 512-3106 or 07
Legaspi City: (+63 52) 736-0148

CGBP also accepts in-house training and consulting for individuals, families, and corporate clients. We invite you to check our website for a complete list of Best Practices programs.

#BestPractices #UpcomingSeminars2019 #TaxSeason #ImportExport #PhilippineTaxation #Taxation101 #InternationalTrade #traininganddevelopment #CustomsTax #CMTA #TariffAct

Comments

Post a Comment

Popular posts from this blog

2019 Revised Corporation Code of the Philippines

The 2019 Revised Corporation Code of the Philippines that took effect last February 21 will have tremendous impact on all corporations in the Philippines. To educate corporations about this, the Center for Global Best Practices will host a special program entitled 2019 Revised Corporation Code of the Philippines to be held on Thursday, April 11, 2019 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. This program is designed to help you in your compliance, in structuring your deals and to avoid the legal pitfalls when making decisions in board and management meetings or when doing business and investing in the Philippines. The new legal framework introduces fresh concepts aligned with international best practices aimed at improving ease of doing business in the country. This program is SEC-Accredited for corporate governance. Board directors and top management attending this training will greatly benefit from this learning event. This one-day training will...
Post a Comment
Read more

Learn How to Effectively Sell Products to the Government!

  COVID-19 pandemic changed how business is done everywhere. As we adapt to the new normal, it is a must to be updated with the procurement law and regulations on public-private transactions. For those in private sector, non-compliance can lead to disqualification. For government officials, ignorance of the update regulations can cost you your job, damage your reputation and land you in jail! To help you on this, the Center for Global Best Practices will host these two-session webinars from 1:30 PM to 4:30 PM via ZOOM: • Best Practices Guide to the Law and IRR for Procurement of Goods Thursday & Friday, September 17 & 18, 2020 • Best Practices Guide to the Law and IRR for Procurement of Infrastructure Wednesday & Thursday, October 21 & 22, 2020 • Best Practices Guide to the Law and IRR for Procurement of Consulting Services Thursday & Friday, March 11 & 12, 2021 These comprehensive webinars will cover fundamental principles, procurement organiza...
Post a Comment
Read more

Families’ Guide to the Inheritance Law of the Philippines

“How would you know your entitlement to an inheritance? Is there a right way to compute your shares? If childless, who will inherit your assets legally?” To address all the confusions and even prevent conflicts arising from inheritance issues, the Center for Global Best Practices (CGBP) will host a program entitled, “ Families’ Guide to the Inheritance Law of the Philippines”  on Friday, February 23, 2018 at EDSA Shangri-La Hotel, Mandaluyong City, Philippines.  This pioneering program will provide you and your family a comprehensive understanding of the inheritance law of the Philippines. Its coverage will include general principles as well as solutions to specific cases and issues faced by grandparents, parents, children (legitimate, illegitimate, adopted), immediate family members and other relatives and stakeholders who will benefit from an inheritance. This special lecture will also include relevant and recent Philippine Supreme Court rulings on inherita...
Post a Comment
Read more