Tax Briefing on the Corporate Recovery and Tax Incentive for Enterprises

AmCham Mindanao

AmCham came to life in 1902 as the Manila Coffee Round Table and later as Manila Merchants Association. Incorporated in 1920, it has since then recognized and reconfirmed the commitment of American business to the development and welfare of the Philippines and the Filipino people.

This is a commitment of long-standing, as its mission statement declares:

The Chamber exists to serve the interests of U.S. businesses through the participation of members in promoting their long-term objectives while contributing to the civic and economic development of the Philippines.”

Event Details

AmCham members get two (2) complimentary passes which they must register here: https://zoom.us/webinar/register/WN_vJgpKJ9iS6qwGceGQphLEQ

Non-members can register through this event page.

The Philippine government is preparing to launch the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) which is a recalibration of the Corporate Income Tax and Incentives Rationalization Act (CITIRA) that was originally issued in September 2019 as a means of reducing corporate income tax (CIT) rate and rationalizing specific tax incentives. Through CREATE, the government will immediately reduce the CIT rate from the current 30 percent to 25 percent, and losses incurred by non-large taxpayers in 2020 can be carried over for the next five years. This legislation will also give the government flexibility in granting fiscal and non-fiscal incentives to attract high-value foreign investments.

Speakers

Jose Raoul Balisalisa, CPA

Partner at SGV & Co

Atty. Thyrza F. Marbas, CPA

Partner at SGV & Co.

Saha Adlawan-Bulagsak, CPA

Partner at SGV & Co.

Atty. Thyrza F. Marbas is a Tax partner. She has diverse experience in providing business tax services to clients from the power, manufacturing, consumer products, tobacco, business process outsourcing (BPO), automotive and agricultural industries. She was a Tax Quality Reviewer for EY Vietnam. She is also an active facilitator for SGV’s training programs and a speaker for SGV’s public tax seminars.

Thyrza completed her Bachelor of Science degree in Accountancy at the Ateneo de Davao University, where she also obtained her Juris Doctor degree. Thyrza is a CPA-lawyer who also completed the National University of Singapore Business School's Executive Management Program. She is a recipient of the SGV Special Award twice, first in 2015 and another in 2018 as a team member.

Saha Adlawan-Bulagsak is a Certified Public Accountant. She graduated BS Accountancy, cum laude, Mindanao State University-Marawi and is a member of the Philippine Institute of Certified Public Accountants. She is also a Tax Partner for Global Compliance and Reporting for Davao and Cebu offices.

She services clients from the gaming, mining, power, oil & gas, port operations, telecommunications, water utilities, infrastructure, education, manufacturing, mining, retail and distribution sectors.

She is knowledgeable in business tax compliance, tax accounting and risk advisory and due diligence on tax matters and is a member of SGV’s Accounting Standards Group and is a subject matter expert on the accounting standards for Income Taxes and is also a regular facilitator for our training programs. Adlawan-Bulagsak also completed the Asian International Executive Programme at INSEAD, Singapore in June 2016.

AmCham Non-Members

Standard Price₱350

Standard Price$7