PEZA to launch TIGER Course on taxation and incentives for export-oriented companies and ecozone developers
25 November 2020 (Wednesday)
Pasay City – The Philippine Economic Zone Authority (PEZA) is set to kick-off a free webinar course dubbed as “Taxation and Governance for Exporters Review” (TIGER) Course that is dedicated for existing and even interested PEZA locator companies and ecozone developers on Thursday, November 26.
“Amidst COVID-19 pandemic, PEZA continue to take initiatives to assist existing and even future enterprises in ecozones nationwide in Luzon, Visayas, and Mindanao. As we approach yearend of 2020, we believe it is still crucial to conduct training on webinar platforms so that education and learning about PEZA’s tax incentives and corporate taxation continue and help businesses,” said PEZA Director General Charito “Ching” Plaza on Wednesday.
The PEZA Chief announced that beginning November 26, “The TIGER Course is a free webinar course that will tackle tax incentives and taxation for ecozone locators and exporters and will be launched as one of the programs of the Special Economic Zone (SEZ) Institute.”
The TIGER Course seeks to refresh our locator companies and economic zone developers of essential information about the ongoing fiscal policy reform initiated by the government for the export-oriented industries in the Philippines and the status quo rules and regulations on taxes and incentives.
“As we aim for TIGER Course to be an annual webinar course provided by PEZA, we envision this as a platform for various government agency partners of PEZA like the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) to be able to brief investors of the different processes, existing policies, and various requirements for export-oriented industries and enterprises,” said Plaza.
TIGER Course Webinar Schedule
The launching on November 26 will be graced by Makati Chamber of Commerce and Industry President Emelita Apostol Alvarez, PMA Accounting Services and Taxation Consulting Co. President Gina R. Mandigma, Ms. Cheryl Edline C. Ong, Partner, Business Tax Services of SGV & Co. Head Cebu Office, Mr. Santhanakrishnan Vaidiswaran, President and General Manager of TMX Philippines Inc and President MEPZCEM Chamber Inc., and Mr. Felix Taguliam, the President of the Cebu Chamber of Commerce and Industry.
Afterwards, the TIGER Course is scheduled to have three (3) sessions and will run from November 27 until December 09, 2020.
For the first session on November 27, Taxation Law and Tax Risk Assessment will be discussed and it will give the general overview/background on taxation as well as the digital solutions in financial management and tax risk management processes.
The second session, which will be held on December 3-4, the topic would revolve around Fiscal Incentives and Risk Control. Here, the rules of the BIR and BOC on Freeport shipments will be discussed as well as the updates on the BOC issuances on importations. In addition to this, the tax rules and requirements for foreign expatriates and the Tax Amnesty Law.
Further, Financial Reporting Standards Review will be the topic for the third and final session on December 9 wherein PEZA officials will discuss including the reportorial requirements.
Plaza said, “While we promote ease of doing business, we in PEZA also urge responsible entrepreneurship in a way that businesses and proprietors must keep up with and be diligent about rules and regulations including on taxation and incentives. TIGER Course is part of our services to assist our locators and help Philippine government in its efforts for fiscal governance.”
“We hope the TIGER Course will be able to help our investors become more aware regarding our taxation laws, the risks to manage, and possible improvements that will best attract more investors to the country,” posited by the Director General.