The Philippines' New Transfer Pricing Requirements

AmCham Philippines

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 member companies get two (2) complimentary passes which they must register here: https://zoom.us/webinar/register/WN_4O6YPV3kRWexYZjDsjKZtA

Additional member company representatives and non-members may register through this page.

Transfer pricing is one of the sectors which generate tax issues for multinational corporations. With this in mind, the Bureau of Internal Revenue (BIR) has released new and more equitable guidelines covering related-party transactions and implementing the arm's length principle to determine transfer prices of associated enterprises for its international application.

Evidently, the BIR intensifies the efforts to resolve transfer pricing issues. Thus, the mitigation of transfer pricing-related risks is extremely important. Given the pandemic that we are all confronting, it is safe to presume that the Bureau sought this new enforcement as a source of revenue especially that tax collection has been greatly impacted by the health crisis.

Speaker

Atty. Reynante Marcelo

International Tax & Transaction Services - Transfer Pricing Leader at SGV & Co.

Reynante Marcelo is a partner in SGV & Co. in the International Tax & Transaction Services, focusing on Transfer Pricing (TP). He is currently the Country TP Leader. He joined SGV & Co. in 1994 and is based in the Makati office. He has over 25 years of experience providing tax advisory work for multinational companies, 15 years of which also included experience in conducting transfer pricing (TP) studies and handling TP-related issues for clients.

Rey has over 15 years of experience conducting transfer pricing studies for clients belonging to the consumer goods, insurance, semiconductor, pharmaceutical, business process outsourcing (BPO), consumer electronics, telecommunications, financial services, media and entertainment industries.

He has also successfully handled tax refunds and assessments before the Philippine tax authorities and the Court of Tax Appeals.

Rey is a Certified Public Accountant and a lawyer. He is a member of the following professional organizations: the Philippine Institute of Certified Public Accountants and the Integrated Bar of the Philippines and the Tax Management Association of the Philippines.

He attended the Management Development Program of the Asian Institute of Management.

Additional Member Company Representatives

Use this ticket if you are registering the third and succeeding representatives for AmCham member companies.

Standard Price: ₱300 + 10% | $6.00
-For online payments through credit card or Paypal, with an additional tariff due to service charge.

Standard Price₱300

Standard Price$6

Non-Members

For AmCham non-members and non-member company representatives

Standard Price: ₱1,000 + 10% | $22.00
-For online payments through credit card or Paypal, with an additional tariff due to service charge.

Standard Price₱1,000

Standard Price$22

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