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PwC Philippines conducted “Staying on track: A seminar on the TRAIN Act” for its clients on 7 March 2018 at the Rizal Ballroom of Makati Shangri-La, Makati City.
Miriam Tasarra, Chief Tax Specialist from the Department of Finance, presented Corporate Income Tax Reform and Fiscal Incentives Rationalization. This is the proposed package 2 of the Comprehensive Tax Reform Program (CTRP). PwC Philippines Tax Partner Carlos Carado II moderated the open forum on the topic.
PwC Philippines Tax Managing Partner Malou Lim discussed the Tax Reform for Acceleration and Inclusion (TRAIN), which is the first package of the CTRP envisioned by President Duterte’s administration. It seeks to to correct a number of deficiencies in the tax system to make it simpler, fairer, and more efficient.
Marivic A. Galban, Chief Revenue Officer IV and OIC – Head Revenue Executive Assistant of the Bureau of Internal Revenue (BIR), shared the BIR issuances on the TRAIN. Her colleague Lanee C. David, Deputy Commissioner from the BIR’s Information Systems Group, talked on the Impact of TRAIN on eSERVICES.
PwC Philippines Tax Partner Geraldine E. Longa acted as moderator of the second open forum for the succeeding topics.
The seminar also featured PwC Philippines Chairman and Senior Partner Alex Cabrera, who delivered the opening remarks. PwC Philippines Tax Partner Fedna Parallag gave the closing remarks, while PwC Philippines Tax Partner Roselle Yu Caraig led the invocation.