The Tax Practice Group of Quisumbing Torres recently participated in the Association of SEIPI Financial Executives (ASEFEX) Membership Meeting last 19 April at Amkor Technology Philippines, Inc.'s office in Muntinlupa City. Quisumbing Torres partner Dennis Dimagiba, along with associate Alexander Ner were among the speakers at the meeting where they shared updates on Comprehensive Tax Reform.
The Semiconductor and Electronics Industries of the Philippines Foundation, Inc. (SEIPI) is an organization comprised of local and foreign semiconductor and electronics manufacturing companies in the Philippines. It aims to support its members stay competitive in the global market.
The recent ASEFEX meeting was a gathering of industry finance practitioners where they shared updates and knowledge on key issues affecting them. Aside from the Comprehensive Tax Reform package, Dimagiba also shared updates on the bills currently pending such as the Corporate Income Tax, Estate Tax Amnesty, Income Tax Amnesty, and Excise Tax.
Updates on the Value-Added Tax (VAT) Refund, particularly RR 1-2017, RMC 54-2014, and RMO 8-2017 were also discussed by Ner.