Center for Global Best Practices

With the passage of Tax Reform for Acceleration and Inclusion (TRAIN) and the clamor of many businesses and tax practitioners to keep themselves updated and compliant with the numerous changes on tax policies of the Duterte government, the Center for Global Best Practices will be holding a one-day program entitled, “ TRAIN Law + New Year Tax Updates andRemedies ” on Friday, January 18, 2019 at the Manila Marriott Hotel, Pasay City, Philippines. Start the year right with this one-day comprehensive program to provide you with the updates on new tax laws, very relevant 2017 BIR issuances up to January 2018. This will provide your organization the clear guidance on the impact on the new tax regulations and laws on your business transactions ensuring compliance (monthly, quarterly, and annual), minimizing and avoiding unnecessary tax exposures, assessments and penalties from the taxing authority. This training will also feature the latest relevant decisions of the Court of Tax Appeal...

There are over 3,780+ large taxpayers and many are not compliant to the Bureau of Internal Revenue Regulation 9-2009 requiring large taxpayers to have a Computerized Accounting System (CAS). This becomes relevant also to the top 500 medium-sized provincial taxpayers in every revenue district which has the equivalent classification of a large taxpayer.  To help medium and large taxpayers regarding their compliance issues, the Center for Global Best Practices is launching a program entitled, “ BIR Computerized Accounting System Compliance for Medium and Large Taxpayers ” scheduled on Thursday, June 21, 2018 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. With the BIR setting up a special task force called Computerized Systems Evaluation Team (CSET) to monitor large taxpayers, one can expect more enforcement from the tax authorities. The lecture will include discussions on the regulations and rulings, presentation of the challenges of getting BIR CAS accredita...

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 Deductions ” scheduled o...