New World Hotel, Makati City

Comprehensive Seminar on Final

Withholding Tax (FWT) and Expanded
Withholding Tax (EWT) GST

ACCOUNT
SEMINAR
Ratnagiri
SyCip Gorres Velayo & Co. 6760 Ayala Avenue 1226 Makati City Philippines

Tel: (632) 891 0307

Fax: (632) 819 0872

ey.com/ph

We are pleased to invite you to our upcoming Tax Seminars for May to December 2016.

16 June , Saturday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City Comprehensive Seminar on Final Withholding Tax (FWT) and Expanded
Withholding Tax (EWT)

► Module 1: Final Withholding Tax – 8:00 a.m. to 12:00 noon ► Module 2: Expanded Withholding Tax – 1:00
p.m. to 5:30 p.m.

This seminar aims to provide updated information on FWT and EWT [i.e., Revenue Regulations (RRs),
Revenue Memorandum Circulars (RMCs), rulings and court decisions]. Illustrations and special problems will
be discussed.

17 June, Sunday 8:00 a.m. – 2:30 p.m.

SGV & Co. Training Room 3 & 4, 3rd floor STI Holdings Building, 6764 Ayala Avenue Makati City Customs
Updates: A Seminar on the Customs Modernization and Tariff Act (“CMTA”) and a Workshop in Managing
Customs Audit

The seminar/workshop is specifically designed to guide importers, taxpayers and stakeholders alike on the
new customs environment and aims to promote compliance with importation laws, rules and
regulations.

Topics will include a review of the provisions of the CMTA with focus on the following areas, among others:

· New procedures for lodgement of declaration, payment of duties and taxes

and claiming of goods (vis-à-vis abandonment rules);

· Intensified levels of audit, i.e., audits upon entry at the border and Post

Clearance Audits;

· Record-keeping requirements;

· Stiffer penalties for various offenses:

§ Misdeclaration, misclassification and undervaluation of goods

§ Failure to pay correct amount of duties and charges

§ Failure to present or keep records

§ Other compliance matters

· Special provisions applicable to customs bonded warehouses and economic

zone locators

· Government remedies for collection of duties, taxes and charges

· Importer remedies, including drawbacks, refunds, advance rulings, and

compromise of fines and surcharges, among others.

The seminar/workshop will likewise include hands-on application of import valuation rules and procedures,
followed by a discussion on best practices and tips in effectively managing customs audits to avoid
unnecessary importation costs.

16 June, Thursday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City How to Survive Your BIR Audit

The Bureau of Internal Revenue (BIR) continues to intensify its enforcement and audit program to meet its
collection target for 2016. Tax examiners have been mandated to regularly conduct tax audits at the least
amount of time while collecting the highest possible deficiency taxes from taxpayers.

Be a step ahead of the BIR tax examiners. This whole-day seminar will discuss latest BIR enforcement
strategies, the most recent issuances, rulings, and court decisions involving tax audit issues, and helpful and
practical tips in dealing with the BIR during the tax audit process. Topics will include:

· The 2016 BIR Audit Program

· A step-by-step Guide to a Tax Audit

· Tax Audit Rules: How to Protest BIR assessments

· Common Issues in BIR Audits & Taxpayers’ Possible Defense

Page 2

21 July, Thursday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City Workshop on Preparation of Corporate Income Tax Returns (ITRs)
This one-day workshop is designed to guide the preparers and reviewers of corporate ITRs (e.g., accountants,
finance managers, CPAs, auditors). The first part of the workshop will be a review of the updated basic
income tax concepts with focus on common tax reconciling items. This will also include a discussion of the
updated information on Minimum Corporate Income Tax (MCIT), Net Operating Loss Carry Over (NOLCO)
and Improperly Accumulated Earnings Tax (IAET). The second part will be a hands-on application of the rules
in preparing corporate ITRs facilitated through the use of practice sets or exercise problems. Participants
should bring their own calculators. 9 August, Tuesday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City Workshop on Value-Added Tax (VAT)

This one-day workshop aims to comprehensively discuss VAT including withholding VAT, and recent Bureau
of Internal Revenue (BIR) rulings and court pronouncements. This module includes a hands-on application of
the rules in preparing VAT declarations and returns facilitated through the use of practice sets or exercise
problems. Participants should bring their own calculators.

7 September , Wednesday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City Expenditures Taxation: A Comprehensive Seminar to Achieve Tax
Compliance in the Local Accounts Payable Process

This one-day seminar will comprehensively discuss the taxation on a company’s local purchasing process.
The seminar aims to provide the participants with updated information on the rules on expanded
withholding tax (EWT) [i.e., Revenue Regulations (RRs), Revenue Memorandum Circulars (RMCs), rulings and
court decisions], the applicable EWT rates, updated rules in claiming input taxes particularly the compliance
with the substantiation requirements, and the general rules on substantiation of local purchases claimed as
deductions for income tax purposes. The seminar will also discuss the filing and administrative requirements
involved in EWT. Further, illustrations and special problems through the use of a practice set or exercise
problems will be presented to provide hands-on application of the rules discussed. Participants should bring
their own calculators.

The seminar is tailor-fit for the following audience:

· Accounts payable (AP) clerks, AP accountants, AP specialists

· Preparers of checks for cash disbursements

· Preparers of the attachments of VAT and EWT returns and declarations

· Other accounting professionals with AP responsibilities

· Accounting managers/supervisors performing the review of cash disbursement

vouchers, schedules, and processes and

· Financial officers, controllers, financial analysts, and auditors interested in

gaining an updated and in-depth understanding of local AP taxation

4 October, Tuesday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City Comprehensive Seminar on Withholding Tax on Wages (WTW) and Fringe
Benefits Tax (FBT)

► Module 1: Withholding Tax on Wages – 8:00 a.m. to 12:00 noon ► Module 2: Fringe Benefits Tax – 1:00
p.m. to 5:30 p.m.
This whole-day seminar aims to provide participants with updated information on WTW and FBT.
Illustrations and special problems will be discussed.

Page 3

13 October Thursday 8:00 a.m. - 5:30 p.m.

New World Hotel, Makati City 2016 Tax Updates

With its focus on improving tax administration and enforcement, the BIR continues to issue regulations,
circulars, orders, and rulings that strictly interpret the Tax Code and related laws. On the other hand, the
Supreme Court and Court of Tax Appeals have issued a number of decisions on significant tax issues affecting
taxpayers. Awareness and understanding of these developments is crucial to ensure compliance and manage
tax risks of businesses.

This one-day seminar will provide a comprehensive update on BIR issuances and rulings as well as relevant
court decisions issued during the year covering Income and Withholding Taxes, International Tax, Value-
Added Tax (VAT), and Taxpayer’s Rights and Remedies.

08 November, Tuesday 8:00 a.m. to 12 n.n.

New World Hotel, Makati City Tax Compliance 101 – A Tax Basic Seminar (Tax BaSe) on BIR Filing and
Other Administrative Requirements

This seminar will provide a comprehensive and updated list of BIR filing, reportorial, bookkeeping, invoicing
and other administrative requirements from the commencement to the cessation of business operations (e.g.,
registration requirements, change in business address, authority to use computerized accounting system, tax
mapping). This will also include the deadlines, format and venues for filing or submission of the said
requirements.

8 November, Tuesday 1:00 p.m. to 5:30 p.m.

New World Hotel, Makati City Comprehensive Seminar on Taxation of Philippine Economic Zone
Authority (PEZA)-registered entities

This seminar will discuss the updated taxation of PEZA-registered entities and of tax updates applicable to
PEZA-registered entities [e.g., BIR Rulings on the 5% gross income tax (GIT), coverage of the “in lieu of all
taxes provision,” PEZA Memorandum Circulars]. This will also include comparison of taxation/tax exemption
during the income tax holiday (ITH) incentive availment and under the 5% GIT regime as well as a
comparison of taxation of entities registered under PEZA and the incentives available to them.

16 November, Wednesday 1:00 p.m. to 5:30 p.m.

New World Hotel, Makati City Closing the Taxable Year: A Comprehensive Seminar on Year-End Tax
Requirements and Reconciliation Procedures

Through this seminar, we will discuss how the yearly tax processes come full circle, including a
comprehensive discussion of year-end Bureau of Internal Revenue (BIR) filing, reporting and administrative
requirements and tax-related financial statements disclosures. We will also be tackling other tax-related year-
end issues, such as:

- allowable deductions (e.g., requirements for deductibility, itemized

deductions vs. optional standard deductions, accrued expenses and

estimates),
- withholding requirements and annual information returns,

- presentation and treatment of Net Operating Loss Carry-Over (NOLCO),

- excess Minimum Corporate Income Tax (MCIT) credits, and

- creditable withholding taxes (CWTs).

To cap off this highly relevant and informative session, we will also look into the necessary reconciliation
procedures for testing the reasonableness of a company’s tax reporting.

Page 4

Each session will include an open forum. All sessions are accredited by the Professional Regulation
Commission (PRC) Continuing Professional Education (CPE) Council for Accountancy under the thematic area
of “Standards Applicable to Professional Practice.”

Speakers: SGV Tax Partners, Principals and senior directors who will be available to address any questions.

Fees:

► 2 modules (whole day) – Php 11,200 inclusive of VAT; fee includes lunch, 2 snacks and materials ► 1
module (half day) – Php 6,720 inclusive of VAT; fee includes a snack and materials

A 5% discount will be given to a group of three or more participants per session. A 10% discount will be
granted if we receive payment 2 weeks before the scheduled seminar.

Please email accomplished registration forms to gemini.t.domingo@ph.ey.com, or fax to +632 8787960

(dedicated fax). For inquiries or payment instructions, you may contact Gem Domingo at +632 8910307 local
7253 or +63917-4545974, or the following Tax Team:

Joanne Marie Macainag-Cobacha joanne.marie.d.macainag-cobacha@ph.ey.com Atty. Cecille S. Visto (June 16,

2016) cecille.s.visto@ph.ey.com Atty. Vic De Dios (May 12, 2016) victor.c.de.dios@ph.ey.com

Registration forms received will serve as notice for reservation only. The slots in the seminar will be
guaranteed upon receipt of payment. 17 November, Thursday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City How to Survive Your BIR Audit

The Bureau of Internal Revenue (BIR) continues to intensify its enforcement and audit program to meet its
collection target for 2016. Tax examiners have been mandated to regularly conduct tax audits at the least
amount of time while collecting the highest possible deficiency taxes from taxpayers.

Be a step ahead of the BIR tax examiners. This whole-day seminar will discuss latest BIR enforcement
strategies, the most recent issuances, rulings, and court decisions involving tax audit issues, and helpful and
practical tips in dealing with the BIR during the tax audit process. Topics will include:

· The 2016 BIR Audit Program

· A step-by-step Guide to a Tax Audit

· Tax Audit Rules: How to Protest BIR assessments

· Common Issues in BIR Audits & Taxpayers’ Possible Defense

6 December, Tuesday 8:00 a.m. – 5:30 p.m.

New World Hotel, Makati City Comprehensive Seminar on Final Withholding Tax (FWT) and Expanded
Withholding Tax (EWT)
► Module 1: Final Withholding Tax – 8:00 a.m. to 12:00 noon ► Module 2: Expanded Withholding Tax – 1:00
p.m. to 5:30 p.m.

This seminar aims to provide updated information on FWT and EWT [i.e., Revenue Regulations (RRs),
Revenue Memorandum Circulars (RMCs), rulings and court decisions]. Illustrations and special problems will
be discussed.

Page 5

Registration Form Please fax to: +632 8787960

[ ] May 4: FWT

[ ] May 4: EWT

[ ] May 12: Customs Updates

[ ] June 16: How to Survive your BIR Audit

[ ] July 21: Corporate ITRs

[ ] August 9: VAT

[ ] September 7: Expenditures Taxation

[ ] October 4: WTW

[ ] October 4: FBT

[ ] October 13: 2016 Tax Updates

[ ] November 8: Tax Compliance 101

[ ] November 8: PEZA

[ ] November 16: Year End

[ ] November 17: How to Survive your BIR Audit

[ ] December 6: FWT

[ ] December 6: EWT

Please fill out:

______________________________________________________________________________________________________ Participant/s
Name/CPA License No.:
______________________________________________________________________________________________________ Email Address:
______________________________________________________________________________________________________
Company/Organization Name: Company’s TIN:
______________________________________________________________________________________________________ Contact Person:
______________________________________________________________________________________________________ Address:
______________________________________________________________________________________________________ Telephone No.: Fax
No.: Mobile No.:

For Bank Deposits: Bank Branch: Citibank – Paseo de Roxas Branch Bank Branch: BPI – Ayala Branch
Account No.: 0-200638-018 Account No. 1441-0040-75 Account Name: SGV & CoAccount Name: SGV & Co

Please fax your deposits slip to fax no. +632 8787960 and addressed to Gem Domingo
Cancellation and Transfer Policy: If you are unable to attend the course, a replacement is welcome to attend
in your place. Otherwise, all requests for cancellation must be made in writing not later than two weeks
before the course to qualify for a refund.