CHANGE IS COMING AT THE TAX FRONT: DUTERTE'S ANSWERS TO THE TMAP TAX SURVEY

The Tax Management Association of the Philippines (TMAP) would like to congratulate presumptive president-elect, Mayor Rodrigo Duterte on his expected election as President of the Philippines, and also to all winning candidates in the last national and local elections. With his answers to the TMAP 2016 Elections Tax Policy Survey, TMAP is optimistic that there would be changes coming at the tax front as Mayor Duterte confirmed that he would institute moves for a genuine comprehensive tax reform, which would be a priority of his administration.

TMAP RELEASES TAX POLICY SURVEY FOR PRESIDENTIABLES & OTHER CANDIDATES

The Tax Management Association of the Philippines (TMAP) has issued a tax policy survey for the candidates for President, Vice-president, Senate and Lower House seats. The objectives of the questionnaire are twofold: a) to inform the candidates about the tax issues contained in various bills filed at both Houses of Congress and those discussed in various fora or dialogues among taxpayers, tax practitioners and stakeholders; and b) to know the tax policy direction of the next administration.

LATEST NEWS

TMAP Participates in Cebu Tax Forum in Cebu

 

TMAP, in partnership with FINEX Cebu, Cebu Chamber of Commerce & Industry, Development Alternatives, Inc., and USAID conducted a Tax Reform Forum:  "Change is Coming in Taxation: Do you want to be a part of it?" in Cebu on August 30, 2016 at Golden Prince Hotel.

TMAP to Hold 9th Golf Cup on September 21

 

TMAP will be holding its 9th TMAP Golf Cup 2016 on September 21, 2016, Wednesday, at the Tagaytay Midlands Golf Club located in Talisay, Batangas.

TMAP Submits Tax Reform Proposals to Senate Ways and Means Committee

On August 25, 2016, TMAP submitted its tax reform proposal to the Senate Ways and Means Committee pursuant to the mandate of President Duterte towards a simpler and more equitable tax system, covering the following areas:

TMAP’s comments to Tax Reform Statement in 1st SONA of President Duterte

We are very pleased to hear President Duterte's statement that his administration will pursue tax reforms. We are delighted to see that his proposals for the simplification of the tax system, lowering of the income tax rates, and lifting of the ban secrecy law are the same reforms also espoused by TMAP.

TMAP Submits “Tax Wish List” to DOF

The Tax Management Association of the Philippines (TMAP) sent a letter to the Secretary of Finance formally informing his office of the wish list containing the issuances recommended for revocation and/or amendment in order to help the Bureau of Internal Revenue (BIR) attain the following objectives:

TMAP Pushes For Tax Reforms at The Davao Consultative Business Conference

The Tax Management Association of the Philippines (TMAP) attended the consultative workshop called called “Sulong Pilipinas: Hakbang Tungo sa Kaunlaran” which was held last June 20 and 21, 2016 in Davao City.

TMAP Conducts Outreach in Don Bosco Pugad Center

 

Last May 28, 2016, the Tax Management Association of the Philippines (TMAP) conducted its annual summer and outreach activity at the Don Bosco Pugad Center founded by the Salesian Missionaries.

ALL 5 PRESIDENTIABLES & OTHER CANDIDATES FILLED-UP THE TMAP 2016 ELECTIONS TAX POLICY SURVEY

The Tax Management Association of the Philippines (TMAP) received the answers of all five (5) candidates for President, two (2) candidates for Vice-president, five (5) candidates for the Senate and a candidate for the Lower House.

TAX INSIGHTS

Note: In this section, we will feature articles from TMAP’s roster of officers, board of directors and members to create public awareness on the impact of current tax issues. For this month, we share tax insights from Atty. Eleanor Lucas Roque. Atty. Roque is the head and principal of the Tax Advisory and Compliance division of Punongbayan & Araullo.

Determining market value in tax free exchanges

Atty. Eleanor Lucas Roque

 

When I started practicing in tax law, the rules in determining fair market value of shares of stocks were quite simple. We were instructed to rely on the book value of the shares of stock based on the latest audited financial statement of the company which issued the shares. There were certain adjustments, of course, but generally, the book value is quite reliable.

ARCHIVES

General Membership Meeting and Tax Seminar

11:00 am to 5:30pm

September 29, 2016

Legaspi 1 Ballroom, Makati Diamond Residences

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CALENDAR OF EVENTS

CALENDAR OF EVENTS

General Membership Meeting and Tax Seminar

11:30 am to 5:30 pm
September 29,2016

Legaspi 1 Ballroom, Makati Diamond Residences, Legazpi Street, Legaspi Village, Makati City

Connect with us