From Where We Sit

It’s a brand-new year, and it’s time to turn the page to a fresh list of New Year resolutions. Just like some people, I too have created my own set of goals. One of my priorities this year is to give back to my Firm, P&A Grant Thornton, by mentoring more staff members in-person. I believe that meeting them face-to-face creates an environment where people feel valued. Additionally, I would also like to remain active in my professional and business organisations, as I see this as an opportunity to make a positive impact not just on my mentees but also on my Firm.

As we stand on the brink of Industry 5.0, a new era where advanced technologies and human ingenuity converge, we must ask ourselves: Are we truly equipped with the right skills to navigate this next industrial revolution? While some may feel prepared, how about our employees who are the backbones of our businesses? Is investing in human capital worth every centavo to adopt Industry 5.0? How can we ensure that the integration of cutting-edge technologies enhances rather than diminishes the role of human workers? These questions are crucial as we explore the transformative potential of Industry 5.0 and the imperative to invest in our people.

As we start out a new year, we look back at a period defined by the acceleration, with the culmination of reforms years in the making, such as the rollout of Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) incentives, the Capital Markets Efficiency Promotion Act (CMEPA), and the operalisation of digital tax compliance through Value-Added Tax (VAT) on digital services and e-invoicing.

Traveling is exciting, but it also comes with risks we often overlook. While we worry about delayed flights or lost luggage, the real danger might be waiting at home or lurking on our phones.

When we encounter number 13, at times, we kind of gasp because of the historical and cultural belief in some regions around the world about it being unlucky. However, during the holiday season in the Philippines, all fear is gone and 13 somehow becomes everyone’s favorite number!

Tax has long been viewed as a domestic concern, rooted in local laws and national priorities. Yet today, global business, digital transformation, and fast-evolving standards are reshaping that belief. With unprecedented changes in tax rules driven by geopolitical shifts, economic pressures, and rapid technological advances, international collaboration has become a strategic priority for many businesses.