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TAX MANAGEMENT ASSOCIATION OF THE PHILIPPINES, INC.
CALENDAR OF EVENTS
NOVEMBER 2023 GENERAL MEMBERSHIP MEETING
November 29, 2023, 2:00 pm
Via Zoom
Guest Speaker: Ms. Catherine Lipana
Topic: Environment, Social, and Governance (ESG) Matters
TMAP CHRISTMAS PARTY 2023
December 7, 2023, Thursday
11:30 am to 3:00 pm
Makati Diamond Residences
Theme: Barbie and Ken Christmas
LATEST NEWS
OTHER NEWS
TAX INSIGHTS
Update on tax assessment due process from NIC to ND
By Ma. Lourdes Politado-Aclan
Due process is an obligation of the state to respect all the legal rights owed to a person. This balances the power of law of the land and protects the individual person from it. In law, due process contemplates notice and opportunity to be heard before judgment is rendered.
How will the CREATE Law affect your 2020 ITR?
By Lea Roque
And so, it came to pass. The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill, though with vetoed provisions, was finally signed by the President on March 26 as Republic Act No. 11534. After years of waiting for the lowering of the corporate income tax and the rationalization of fiscal incentives, we now have the law just waiting to be published to be effective.
New Guidelines In the Availment of Tax Treaty Benefits
By Atty. Fulvio D. Dawilan
The Bureau of Internal Revenue issued Revenue Memorandum Order No. 14-2021 (RMO 14-21) purportedly to streamline the procedures and documents in the availment of tax treaty benefits.
Easing the burden through Bayanihan II’s tax breaks
By Olivier D. Aznar
It has been over six months of quarantine and the fight against this pandemic has been challenging. Coronavirus disease 2019, or COVID-19, is an unusual enemy that does not allow us to fight back head-on or face-to-face. It is the type of enemy that makes us hide and stay at home if we want to win the battle. Nonetheless, I believe that resilience is inherent among us Filipinos, with all the difficulties we may have probably experienced in our lives.
- Is CREATE the Answer?
- CREATE law (Republic Act No. 11534)
- Vetoed Provisions of CREATE (now Republic Act 11534)
- Create Bill
- Copy of CREATE Enrolled Bill with stamp of receipt by the Presidential Legislative Liaison Office, House of Representatives, PLLO dated Feb 24, 2021
- The Conference Committee on the disagreeing provisions of House Bill No. 4157
Lingkod TMAP 2023
Volunteers from TMAP member firms provided assistance to taxpayers on April 13, 14, and 17, 2023 at Revenue Region (RR) Nos. 7A, 7B, 8A, and 8B. TMAP volunteers answered queries from various individual taxpayers on income tax return filing requirements and assisted some taxpayers in computing their income tax payable for the taxable year 2022.
Read moreLingkod TMAP 2023 Volunteers from TMAP member firms provided assistance to taxpayers on April 13, 14, and 17, 2023 at Revenue Region (RR) Nos. 7A, 7B, 8A, and 8B. TMAP volunteers answered queries from various individual taxpayers on income tax return filing requirements and assisted some taxpayers in computing their income tax payable for the taxable year 2022. TMAP President Atty. Suzette A. Celicious-Sy spearheaded Lingkod TMAP 2023 together with the help of Project Chairpersons for each Revenue Region, namely, Director Roselle Caraig (RR No. 7A), Director Mike Garcia (RR No. 7B), Director Kenny Mijares (RR No. 8A), and Vice-President for Internal Affairs Jacquie Yu-Villar (RR No. 8B) TMAP wishes to thank the volunteers from the following member firms for their participation in Lingkod TMAP 2023: Layug, Celicious-Sy & Villapando Law Office; Isla Lipana & Co. – PWC; Salvador Llanillo & Bernardo (SLB); Romulo Mabanta Buenaventura Sayoc & de Los Angeles; Mazars Philippines – Yu Villar Tadeja & Co; SyCip Salazar Hernandez & Gatmaitan; Morfe, Ceneta & Co., CPAs; SM Investments Corporation, Suy Sing Commercial Corporation, and other member firms who supported the activity. 
TMAP 2023 Officers and Members of the Board of Directors Visit Tulay ng Kabataan
On May 30, 2023, the Officers and Directors of TMAP visited ANAK-Tulay ng Kabataan (ANAK-Tnk) Foundation in Quezon City and turned over TMAP’s donation to the foundation.
Read moreTMAP 2023 Officers and Members of the Board of Directors Visit Tulay ng Kabataan On May 30, 2023, the Officers and Directors of TMAP visited ANAK-Tulay ng Kabataan (ANAK-Tnk) Foundation in Quezon City and turned over TMAP’s donation to the foundation. ANAK-Tnk is a non-governmental organization founded in 1998 to support Metro Manila’s street children. The mission of the ANAK-Tnk is to bring back the smiles and dignity of Metro Manila’s most unfortunate children. TMAP Officers and Directors met ANAK-Tnk’s Executive Director, Father Matthieu Dauchez, its administrators, and the children under their care. 
TMAP Holds Its May GMM with Talk on Cryptocurrency Basics
On May 25, 2023, TMAP held its May 2023 General Membership Meeting (GMM) at the Makati Diamond Residences.
Read moreTMAP Holds Its May GMM with Talk on Cryptocurrency Basics On May 25, 2023, TMAP held its May 2023 General Membership Meeting (GMM) at the Makati Diamond Residences. The guest speaker for the GMM was Atty. Nadaine Tongco-Edades, Associate General Counsel and Head of Tax and Finance of Enjin Pte. Ltd, who gave a talk on the fundamentals of cryptocurrencies. Atty. Tongco-Edades discussed the history, basic concepts, pros and cons, and regulatory landscape of cryptocurrencies. 
TMAP Holds Its June GMM with a Talk on REITs
On June 29, 2023, TMAP held its June 2023 General Membership Meeting (GMM) via Zoom. The guest speaker for the GMM was Atty. Roel A. Refran, Executive Vice President and Chief Operating Officer of the Philippine Stock Exchange, Inc. Atty. Refran gave a talk on the basic regulatory framework of Real Estate Investment Trusts (REITs) in the Philippines. He also provides updates and developments on REITs
Read moreTMAP Holds Its June GMM with a Talk on REITs On June 29, 2023, TMAP held its June 2023 General Membership Meeting (GMM) via Zoom. The guest speaker for the GMM was Atty. Roel A. Refran, Executive Vice President and Chief Operating Officer of the Philippine Stock Exchange, Inc. Atty. Refran gave a talk on the basic regulatory framework of Real Estate Investment Trusts (REITs) in the Philippines. He also provides updates and developments on REITs. 
TMAP Holds Its 13th Annual Gold Tournament and Bingo Socials
On July 21, 2023, TMAP held its 13th Annual Golf Tournament at the Ayala Greenfields Golf and Leisure Club in Calamba, Laguna. More than 50 golfers participated in the annual tournament with the top prize going to Mr. Louie Yupangco from PwC Philippines/Isla Lipana & Co.
Read moreTMAP Holds Its 13th Annual Golf Tournament and Bingo Socials On July 21, 2023, TMAP held its 13th Annual Golf Tournament at the Ayala Greenfields Golf and Leisure Club in Calamba, Laguna. More than 50 golfers participated in the annual tournament with the top prize going to Mr. Louie Yupangco from PwC Philippines/Isla Lipana & Co. There was also a Bingo social and raffle event that took place for non-golfers. The proceeds of the tournament will be used for TMAP’s outreach and advocacy projects for the year. 
TMAP Holds July GMM with Updates from the BLGF
On July 27, 2023, TMAP held its July 2023 General Membership Meeting (GMM) at the Makati Diamond Residence. The guest speakers from the GMM were Mr. Niño Raymond B. Alvina, the Executive Director of the Bureau of Local Government Finance (BLGF) and Ms. Brenda L. Miranda, OIC Director of Local Fiscal Policy Service of the BLGF.
Read moreTMAP Holds July GMM with Updates from the BLGF On July 27, 2023, TMAP held its July 2023 General Membership Meeting (GMM) at the Makati Diamond Residence. The guest speakers from the GMM were Mr. Niño Raymond B. Alvina, the Executive Director of the Bureau of Local Government Finance (BLGF) and Ms. Brenda L. Miranda, OIC Director of Local Fiscal Policy Service of the BLGF. Mr. Alvina and Ms. Miranda provided updates on the relevant rulings and issuances of the BLGF and the Department of Finance. 
TMAP Holds August GMM with Updates from the PCC
On August 31, 2023, TMAP held its August 2023 General Membership Meeting (GMM) via Zoom. The guest speaker for the GMM was Atty. Lolibeth Ramit-Medrano, Commissioner of the Philippine Competition Commission. Commissioner Ramit-Medrano discussed the basic regulatory framework on competition in the Philippines and the significant provisions of the Philippine Competition Act and its implementing rules and regulations.
Read moreTMAP Holds August GMM with Updates from the PCC On August 31, 2023, TMAP held its August 2023 General Membership Meeting (GMM) via Zoom. The guest speaker for the GMM was Atty. Lolibeth Ramit-Medrano, Commissioner of the Philippine Competition Commission. Commissioner Ramit-Medrano discussed the basic regulatory framework on competition in the Philippines and the significant provisions of the Philippine Competition Act and its implementing rules and regulations. 
September 2023 TMAP Events
TMAP will hold its September 2023 General Membership Meeting (GMM) onsite at the Makati Diamond Residences on September 28, 2023. Guest speaker for the GMM will be ACIR Jethro Sabarriage who will lead a fireside chat on Large Taxpayer Service (LTS) updates. On the same day, TMAP will also hold its second tax seminar for the year with the following honored resource speakers:
Read moreSeptember 2023 TMAP Events TMAP will hold its September 2023 General Membership Meeting (GMM) onsite at the Makati Diamond Residences on September 28, 2023. Guest speaker for the GMM will be ACIR Jethro Sabarriage who will lead a fireside chat on Large Taxpayer Service (LTS) updates. On the same day, TMAP will also hold its second tax seminar for the year with the following honored resource speakers:
Hon. Catherine T. Manahan Associate Justice Court of Tax Appeals Topic: Recent Tax Jurisprudence Hon. Rufino C. Cantaros, Jr. Chief of Staff, Office of the Commissioner Bureau of Internal Revenue Topic: Updates on Run After Fake Transactions (RAFT) Task Force Hon. James H. Roldan Assistant Commissioner, Enforcement & Advocacy Service Bureau of Internal Revenue Topic: Updates on Run After Tax Evaders (RATE) Program Atty. Carlo L. Navarro Deloitte Southeast Asia Transfer Pricing Leader Topic: Updates on Transfer Pricing
Please wait for the registration links which will be sent by the TMAP Secretariat through Glue Up. Hope to see you there! 
TMAP Holds its Second Tax Seminar for 2023
On September 28, 2023, TMAP held its second tax seminar for the year with the following honored resource speakers:
Read moreTMAP Holds its Second Tax Seminar in 2023 On September 28, 2023, TMAP held its second tax seminar for the year with the following honored resource speakers: Hon. Catherine T. ManahanAssociate JusticeCourt of Tax AppealsTopic: Recent Tax Jurisprudence Hon. Rufino C. Cantaros, Jr.Chief of Staff, Office of the CommissionerBureau of Internal RevenueTopic: Updates on Run After Fake Transactions (RAFT) Task Force Hon. James H. RoldanAssistant Commissioner, Enforcement & Advocacy ServiceBureau of Internal RevenueTopic: Updates on Run After Tax Evaders (RATE) Program Atty. Carlo L. NavarroDeloitte Southeast Asia Transfer Pricing LeaderTopic: Updates on Transfer Pricing 
TMAP Holds its September GMM with a Fireside Chat with ACIR Sabariaga of the LTS
On September 28, 2023, TMAP held its September 2023 General Membership Meeting (GMM) at the Makati Diamond Residences. The guest speaker for the GMM was Assistant Commissioner (ACIR) Jethro Sabariaga, ACIR for the Large Taxpayers Service (LTS) of the Bureau of Internal Revenue.
Read moreTMAP Holds its September GMM with a Fireside Chat with ACIR Sabariaga of the LTS On September 28, 2023, TMAP held its September 2023 General Membership Meeting (GMM) at the Makati Diamond Residences. The guest speaker for the GMM was Assistant Commissioner (ACIR) Jethro Sabariaga, ACIR for the Large Taxpayers Service (LTS) of the Bureau of Internal Revenue. ACIR Sabariaga led a fireside chat on the updates on the policies of the LTS as well as issues and challenges faced by the large taxpayers under the jurisdiction of the LTS. 
SAVE THE DATE: TMAP CHRISTMAS PARTY 2023
TMAP will hold its Christmas Party for 2023 on December 7, 2023, Thursday, from 11:30 am to 3:00 pm at the Makati Diamond Residences. The theme for this year-end party will be Barbie and Ken Christmas. See attached photos for details.
Read moreSAVE THE DATE: TMAP CHRISTMAS PARTY 2023 TMAP will hold its Christmas Party for 2023 on December 7, 2023, Thursday, from 11:30 am to 3:00 pm at the Makati Diamond Residences. The theme for this year-end party will be Barbie and Ken Christmas. See attached photos for details. bit.ly/TMAPXMAS2023 
TMAP Holds its October GMM with a Discussion on Eat Bulaga IP Dispute
On October 26, 2023, TMAP held its October 2023 General Membership Meeting (GMM) via Zoom. The guest speaker for the GMM was Atty. Ray Anthony O. Pinoy, Senior Partner and Head of the Intellectual Property (IP) Practice at Castillo Laman Tan Pantaleon & San Jose Law Office.
Read moreTMAP Holds its October GMM with a Discussion on Eat Bulaga IP Dispute On October 26, 2023, TMAP held its October 2023 General Membership Meeting (GMM) via Zoom. The guest speaker for the GMM was Atty. Ray Anthony O. Pinoy, Senior Partner and Head of the Intellectual Property (IP) Practice at Castillo Laman Tan Pantaleon & San Jose Law Office. Atty. Pinoy discussed the issues that are involved in the ongoing Eat Bulaga IP dispute and provided his personal views and different perspectives on how this may be resolved.
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. Fulvio D. Dawilan, Lea Roque, Ma. Lourdes Politado-Aclan and Olivier D. Aznar. Atty. Fulvio Dawilan is TMAP's Vice President - Internal Affairs. Lea Roque is a principal of the Tax Advisory & Compliance division of P&A Grant Thornton, the Philippine member firm of Grant Thornton International Ltd. Ma. Lourdes Politado-Aclan is a director from the Tax Advisory & Compliance division of P&A Grant Thornton, the Philippine member firm of Grant Thornton International Ltd. Olivier D. Aznar is a partner and head of the Tax Advisory & Compliance division of P&A Grant Thornton, the Philippine member firm of Grant Thornton International Ltd.
- TMAP Holds Its April 2023 GMM
TMAP Holds Its April 2023 GMM
On April 27, 2023, TMAP held its April 2023 General Membership Meeting (GMM) virtually via Zoom. The guest speaker for the GMM was Director Johanna Hortinela of the Department of Finance who gave an overview and updates on the national economic policy. After the GMM, TMAP President Atty. Suzette A. Celicious-Sy Atty. Suzette A. Celicious-Sy administered the oath of membership to new members.
- TMAP Collaborates with the UP Law Tax Cluster for a Webinar on Taxation in the Digital Age
TMAP Collaborates with the UP Law Tax Cluster for a Webinar on Taxation in the Digital Age
On March 17, 2023, the UP College of Law Tax Cluster, in collaboration with TMAP, held a webinar entitled “Taxation in the Digital Age: The BEPS Two-Pillar Solution.” Mr. Bruno da Silva, an international tax consultant and BEPS Specialist of the Asian Development Bank, known for his work on the taxation of the digital economy, was the guest speaker.
The opening remarks were given by the UP College of Law Dean Carlo L. Vistan II and by TMAP President, Atty. Suzette A. Celicious-Sy. TMAP Corporate Secretary and Director Atty. Marivic D. Sarmiento and TMAP Director Atty. Caren C. Laforteza provided their comments and insights to the lecture of Mr. da Silva
Courtesy Call by the 2023 TMAP Officers and Members of the BOD in January 2023
- Courtesy Call by the 2023 TMAP Officers and Members of the BOD in January 2023
Induction of 2023 TMAP President, Officers & Directors & First General Membership Meeting
After three years of holding its activities on a virtual platform, TMAP held its very first face-to-face induction of its Officers and members of the Board of Directors for 2023 and General Membership Meeting on January 26, 2023 at the Makati Diamond Residences. The keynote speaker for this momentous event was the Presiding Justice of the Court of Tax Appeals (CTA), the Honorable Justice Roman G. del Rosario. Justice del Rosario spoke on the significant judicial reforms that have been undertaken and which will be embarked on by the CTA.
TMAP was also honored to have the Honorable Commissioner of Internal Revenue Romeo D. Lumagui, Jr. as the inducting officer for the 2023 Officers and Board of Directors. After the induction, Commissioner Lumagui discussed the thrust of the Bureau of Internal Revenue (BIR) during his administration which includes, recalibrating the technological transformation plans of the BIR, ensuring the just and equitable enforcement of tax laws, and providing excellent taxpayer service.
Incoming TMAP President, Atty. Suzette A. Celicious-Sy, gave her inaugural address and discussed the plans and programs for 2023. President Celicious-Sy also unveiled the theme for 2023, “Fostering Integrity and Awareness for Efficiency Tax Compliance and Enhanced Taxpayer Services,” or also to be known as “#TaxIntegrityComplianceEfficiency2023” or “#TICE2023.” TMAP was also honored with the presence of special guests, including TMAP Past Presidents and members, Revenue Officials from the BIR, and Partners and associates from law office of Layug Celicious-Sy & Villapando (LCV Tax Law).
The 2023 TMAP Officers are as follows:
Suzette A. Celicious-Sy
President
Layug Celicious-Sy & Villapando
Jacqueline M. Yu-Villar
VP-Internal Affairs
Yu Villar Tadeja & Co. - Mazars Philippines
Carina C. Laforteza
VP-External Affairs
SyCip Salazar Hernandez & Gatmaitan Law Offices
Ma. Victoria D. Sarmiento
Secretary
Castillo Laman Tan Pantaleon and San Jose
Karl Louie L. Larios
Treasurer
Alaska Milk Corporation
Martin Ignacio D. Mijares
Auditor
Salvador Llanillo & Bernardo
The Members of the 2023 TMAP Board of Directors are:
Rachelle Ann C. Baod-Montalvo
Individual Member
Roselle Y. Caraig
Isla Lipana & Co./PwC Phils.
Suzette A. Celicious-Sy
Layug Celicious-Sy & Villapando (LCV Tax Law)
Fulvio D. Dawilan
Du-Baladad & Associates
Michael Jude R. Dolot
Optum Global Solutions (Philippines), Inc.
Michael P. Garcia
Romulo Mabanta Buenaventura Sayoc & De Los Angeles Law Office
Carina C. Laforteza
SyCip Salazar Hernandez & Gatmaitan Law Offices
Karl Louie L. Larios
Alaska Milk Corporation
Adrian B. Mayuga
Sapalo Velez Bundang & Bulilan Law Office
Martin Ignacio D. Mijares
Salvador Llanillo & Bernardo
Maria Gracia L. Morfe
Morfe Ceneta & Co. CPAs
Irwin Jr. C. Nidea
Du-Baladad & Associates
Alvin Noel R. Saldana
Navarro Amper & Co./Deloitte Philippines
Marivic D. Sarmiento
Castillo Laman Tan Pantaleon & San Jose Law Offices
Jenalyn C. Suarez
Development Bank of the Philippines
Jacqueline M. Yu-Villar
Mazars - Yu Villar Tadeja & Co.
- Induction of 2023 TMAP President, Officers & Directors & First General Membership Meeting
TMAP holds its February 2023 GMM with Senator Win Gatchalian as Guest Speaker
On February 23, 2023, TMAP held its February 2023 General Membership Meeting (GMM) through Zoom. Guest speaker for the second GMM for the year was the Honorable Senator Win Gatchalian, Chairman of the Senate Ways and Means Committee. Sen. Gatchalian discussed the Legislative Agenda of the Ways and Means Committee of the 19th Congress. Included in the legislative agenda are the Taxpayer’s Bill of Rights and Obligations Act, Ease of Paying Taxes Act, Real Property Valuation and Assessment Reform Act, Passive Income and Financial Intermediary Taxation Act, and Imposing Value-Added Tax on Digital Transactions in the Philippines Act.
- TMAP Holds its February 2023 GMM with Senator Win Gatchalian as Guest Speaker
TMAP Signs MOA with BIR for Lingkod TMAP 2023
On March 20, 2023, a Memorandum of Agreement (MOA) was signed between the BIR, represented by the Commissioner of Internal Revenue, Romeo D. Lumagui, Jr., and TMAP, represented by its President, Atty. Suzette A. Celicious-Sy. The MOA governs the terms and conditions for the setting up of Lingkod TMAP 2023 Help Desks in specific areas in Revenue Region Nos. 7A, 7B, 8A, and 8B on April 13, 14, and 17, 2023.
Lingkod TMAP 2023 aims to provide assistance to taxpayers during the last few days of the tax filing season. Volunteers from various TMAP-member firms will provide taxpayers assistance for Lingkod TMAP 2023.
- TMAP Signs MOA with BIR for Lingkod TMAP 2023
TMAP Holds Its March 2023 GMM and First Seminar for the Year
On March 30, 2023, TMAP held its March 2023 General Membership Meeting (GMM) at the Makati Diamond Residence. Guest speaker for the GMM was social media content creator and entrepreneur, Mr. Nico Bolzico, who discussed his anecdotes and experiences in dealing with accountants and lawyers. Mr. Bolzico’s talk provided a welcome respite from technical topics at the height of the busy season for a lot of members.
After the GMM, TMAP held its first technical seminar for 2023 on updates from the Bureau of Internal Revenue (BIR) and the Securities and Exchange Commission (SEC).
TMAP was very fortunate to have revenue officials from the Bureau of Internal Revenue (BIR) to give tax updates and important reminders. The following revenue officials provided the updates from the BIR: Ma. Rosario Charo Enriquez-Curiba, Deputy Commissioner for Information Systems Group (Topic: Electronic Invoicing, E-filing and other Related Updates); Mr. Primo Marasigan, Miscellaneous Operations Monitoring Division (Topic: Tax Updates); Ms. Ma. Amalia Dacumos, Section Chief, Taxpayer Service Programs and Monitoring Division (TSPMD) (Topic: Tax Filing Deadline Reminders); and Mr. Conrado Item, Chief, Miscellaneous Operations Monitoring Division (Q&A portion).
Thereafter, Atty. Ma. Pilar Pilares-Gutierrez, a Senior Partner from Castillo Laman Tan Pantaleon & San Jose Law Office provided relevant and timely updates from the SEC.
- TMAP Holds Its March 2023 GMM and First Seminar for the Year
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