P&A Grant Thornton, one of the country’s leading professional services firm hosted the Asia Pacific Tax Conference client event at the New World Makati Hotel recently.
The event, with over 150 guests in attendance, aimed to confront the implications of investing in the Asia-Pacific for Filipino companies.
Speaker Francesca Lagerberg, Grant Thornton global leader for tax services discussed perspectives in investing in Asia and the different global trends that has largely impacted region. These include volatility, uncertainty, complexity, and agility.
BIR Assistant Commissioner, Marissa O. Cabreros, on the other hand tackled updates on global development in the tax landscape that will affect Filipino companies and their foreign investments such as the Base Erosion Profit Shifting (BEPS) action plans and exchange of information rules. Cabreros explained that the Philippines has made commitments on some BEPS action plans.
Moderator for the panel discussion was P&A Grant Thornton division head for tax services, Atty. Lea Roque. During the panel discussion, panellists composed of tax leaders Peter Godber of Grant Thornton Singapore, Wilfred Chiu of Grant Thornton China, and Khoi Hoang of Grant Thornton Vietnam discussed how Filipino companies may invest in their respective jurisdictions. They also highlighted various tax incentives that may be available to Filipino investors and various compliance requirements that Filipino investors must take into consideration. All panel members expressed that the adoption of government reforms, including tax administration reforms made in aid of the taxpayer would pave way for Filipino investments to pour in.
As published in Manila Bulletin Online dated 17 December 2015