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

Best Practices for the Board’s Audit Committees

With SECs mandatory requirement for corporations’ board of directors to practice good corporate governance comes the importance of having a functioning audit committee headed by a member of the board.   This is one of the reasons why corporations are now focused on strengthening the effectiveness of their audit committees.  To address the clamour of board directors and management for a professional and formal training on this very important issue, the Center for Global Best Practices is re-running its yearly pioneering CPD-accredited best practices program entitled, Board Directors’ Guide for Audit Committees to be held on Wednesday and Thursday of July 6 & 7, 2016 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines This unique program is designed for board chairmen who must fully understand the functions and roles of audit committees to lead effectively, for the audit committee members and chair so they know what they must really do and not do, for the b...
Post a Comment
Read more

Families' Guide to Wills, Trusts and Inheritance

The fear of many grandparents, parents and families who worked so hard for their wealth is for it to end up in the hands of bad relatives and outside predators in case of their incapacity or death.  When you want to spare your loved ones of the burden of dividing and even quarreling over the estate, or the pain of having to pay for the unnecessary legal costs and taxes, one should write a will or create a living trust. It is the right thing to do.  When you don’t have one, you run the risk of your assets going to waste. To help families with this, the Center for Global Best Practices will host a one-day program entitled, “ Families’ Guide to Wills, Trusts & Inheritance: Will-Writing, Trust-Making and Inheritance-Giving the RIGHT Way ” to be held on Friday, November 23, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. Leave a long-lasting legacy. This program will provide you a practical guide to will-writing and creating living trusts. With these docu...
Post a Comment
Read more