www.tmap.org.ph
NOVEMBER 2013
TMAP MONITOR TMAP Donates to Yolanda Victims In one way or another, every Filipino was affected when the strongest tropical cyclone for the year (Yolanda or International codename: Haiyan) hit the Philippine territory on November 8, 2013. Super Typhoon Yolanda left a trail of devastation mainly in the Visayas region, which directly affected the lives of at least 9.8 million people based on the report of the National Disaster Risk Reduction and Management Council as of November 16, 2013.
To unite with the efforts of the government, private sector, international and local humanitarian organizations, TMAP has donated a total amount of Php100,000 from the Association’s funds to support the victims. The donation was coursed through the following institutions: Philippine National Red Cross, PLDT-TV 5 Foundation, Aboitiz Foundation, Inc., and Caritas Manila Inc. Continued on page 2
Guests social media activists Ms. Peachy Rallonza-Bretana and Atty. Michelle Estor discussed their experience and lessons learned with TMAP members during the October GMM held last 23 October 2013. Peachy is the organizer of the Million People March in Luneta and Michelle is the spokesperson of the Million People March and the core group member of #ScrapPork Network. Ms. Rallonza-Bretana and Atty. Estor as they take center stage .
Social Media Activism and TMAP With all the talks about the Napoles Scam and the horrendous amount of taxpayers’ money that were allegedly siphoned through bogus NGOs, TMAP members were naturally interested on what is being done to run after the perpetrators of the scheme and how social media activism helped galvanize the Filipino netizens.
“Social media is an equalizer for ordinary people with no access to powerful mainstream media,” Peachy shares with TMAP. “We have to stop the padrino system,” she emphasized. “It is our right to demand that our government scrap pork, investigate pork spent and all this we want to do within the democratic system,” she underscored denying any reports that their group is antiContinued on page 2
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Donation
November 2013
TMAP plans to allocate additional funds to donate to groups which may have direct access to Samar or to other less-attended-to areas.
are important lessons to be learned from this tragedy, and that there is still so much to be done. Thus, we will continue to do what we can to help, in whatever small way, whether as an Association or in our personal capacities.
TMAP shall continue to pray for our countrymen -- that they will be able to receive the help that they badly need and eventually rebuild their lives. TMAP recognizes that there
TMAP enjoins its members to participate in the nationwide and international efforts for the restoration of livelihood and infrastructure of affected communities.
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Social Media From p. 1
Pnoy or affiliated with any political party. Michelle, on the other hand, shared with TMAP the unity statement of #ScrapPork Network, as follows: (a) Scrap all pork; (b) account for all pork spent; and (c) investigate and punish those who misused pork. Right- Peachy and Michelle sharing their experiences and lessons learned as social media activists.
New Members’ Corner TMAP welcomed two new members into its fold during the October GMM. They are: Mary Rose V. Pascual Salvador and Associates Marose is a Partner at Salvador and Associates. Marose worked as a Technical Assistant in the Office of the Deputy Commissioner, Legal and Inspection Group of the BIR from 2002 to 2004. Prior to BIR, she was a supervisor in SGV & Co., Tax Division, from 1998 to 2002. She also worked as a law clerk in the Office of Justice Fidel P. Purisima in the Supreme Court. She joined S&A in April 2004, and has been actively
involved in tax litigation involving refunds and assessments.
Mary Elizabeth M. Belmonte Salvador and Associates Marybee was an associate director of SGV from 2001 to to 2007. She is a Certified Public Accountant and graduated cum laude from the College of Commerce and Accountancy of the University of Santo Tomas in 2001. She joined S&A in Continued on page 3
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November 2013
New members From page 2
November 2008 and currently assists in tax advisory and consultation work, tax advocacy or litigation, corporate services work, contract review and special projects transactions and work.
Happy Birthday!!!
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NOVEMBER 4 CO-FERRER, Angeli 4 MINIOZA, Marivic F. 4 PAR, Benigno Jr. G. 4 RAMOS, Romeo S. 4 YUSON-LAYUG, Laura Victoria 5 FRANCISCO, Emma 7 REYES, Fidela Francisca I. 8 CABILDO-Yap, Divina Gracia U. 10 EMPALMADO, Nelson 10 BLANCO-LATORRE, Rizza B. 12 ALCAZAR, Richard Anthony D. 12 DIMAYUGA, Ponciano L. 12 MARTINEZ, Hector A. 12 QUINGQUING, Roger B. 15 ZARA, Clark Vincent M. 17 VILLALUZ, Ma. Victoria A. 18 BANCORO, Adrian V. 27 ZAMORA, Primitivo 27 BISDA, Patricia B. 28 TAN-TORRES, Joel L. 29 ZARATE, Kathryn A. DECEMBER 2 3 3
YUSI, Ruby Rose J. CARDIﾃ前, Antonio L. GARCIA, Ramon F. REYES, Melita V. UBERITA, Taryn F. YNGSON, Manuel D. MORALES, Virgilio V. ACOSTA, Ernesto D. LIPANA, Tomasa LLANTE, Mary Ruth L. ANDRADA, Rizalina P.
SORIANO, Anna ANG-CO, Anna Liza ROGUEL, L. Edward
Proposed amendments This December TMAP members will vote to approve certain amendments to the By-laws and Manual of Policies. The Manual of Policies provides details on the
By-Laws provisions, and at the same contain specific provisions on membership
matters. The proposed amendments will affect the following matters: 1.
Formation of chapters and/or affiliations (Art. I, Sec. 2)
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TMAP-Ateneo Law School Partnership Projects Underway On June 26, 2013, TMAP signed a Memorandum of Agreement with the Ateneo Law School to establish a mutually beneficial partnership and cooperation towards the attainment of the following goals, among others: (1) improve the quality of tax education by jointly undertaking seminars, symposia, forums and round table discussions; (2) develop and update a tax library with TMAP selecting and donating books and materials needed in tax practice; and (3) establish an institutional presence of TMAP in the Ateneo and improve the awareness of students on the extent of tax practice in the Philippines. In line with those objectives, the TMAP-Ateneo partnership commenced with the holding last September 12, 2013 of a tax symposium entitled “Pursuing Taxation as Field of Law Practice in the Philippines” at the Justitia Room of the Ateneo Law School. The symposium was conducted with the objective of giving law students and eye opener to tax practice in the Philippines and to change their negative attitude to taxation as a law school subject and as a bar exam subject. TMAP invited the following speakers to share their experiences in tax practice: TMAP Past
November 2013 President Ma. Criselda B. Guhit, who shared her experience as an in-house tax counsel; Atty. James H. Roldan, as a tax lawyer in government service; Atty. Maria Lourdes P. Lim, as a tax lawyer in a Big 4 accounting firm; and Atty. Carlos G. Baniqued, as a tax lawyer in private practice. As the symposium was a resounding success, Dean Sedfrey Candelaria of the Ateneo Law School requested that the symposium be conducted on a regular basis. During the symposium also, distinguished TMAP members and law authors, led by TMAP Adviser Emeritus Florecita Flores, former CTA Presiding Justice Ernesto Acosta and TMAP Past Presidents Victorino Mamalateo and Benedicta DuBaladad, donated their authored books to the Ateneo Law School to kick-off the tax library. Accounting firms Isla Lipana & Co. and Punongbayan & Araullo also donated their publications on the Tax Code to the Ateneo. Among upcoming projects of the TMAPAteneo partnership is the introduction of an elective in the law school curriculum on tax practice where TMAP members who are also law professors will be co-teaching in time for school year 2014 – 2015.
Guest speakers Ms. Peachy Rallonza-Bretano and Atty. Michelle Estor posed with TMAP Board of Directos and Past president Atty. Cathy Manahan.
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www.tmap.org.ph The Tax Management Association of the Philippines, Inc. is a non-stock corporation founded on October 22, 1981 established primarily to professionalize tax practice and provide a channel by which the private sector may actively participate in the drafting of tax laws, rules and regulations. At present, TMAP has over 100 members most of whom belong to, or act as consultants for, the top 1,000 corporations. The Association has been instrumental in the development and promotion of reforms in the country’s tax laws and in tax administration by actively participating in public hearings and submitting position papers in connection with the passage of revenue laws, rules and regulations. TMAP raises the level of professionalism and technical competence among its members by keeping them abreast of the latest tax rulings, regulations, issuances, decisions and policies through habitual seminars conducted by experts in
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November 2013 government and in the private practice. The Association also conducts regular dialogues with pertinent government officials on policy issues affecting its members. TMAP has instilled and continues to instill among its members competence, professionalism and integrity in tax practice. TMAP believes that responsible tax practice is indispensable to the country’s economic growth and development.
Qualification of a Designated Representative of a Member-Firm – in terms of number of years experience in tax management or practice (Art. II, Sec. 2[a]) (3) Qualification of an individual member (Art. II, Sec. 2[b]) Duties of members to (i) notify non-attendance to tax seminars; and (ii) by way of supporting the yearly fundraising activity of the Association, pay one special annual assessment in such amount determined by the Board (Art. II, Sec. 5(a)(v) and (vi)) Minimum Attendance Points (Art. II, Sec. 5(b)) (6) Annual Meeting of Members (Art. III, Sec. 1) Regular Monthly Meetings of Members (Art. III, Sec. 2) Form of Voting by Members (Art. III, Sec. 4(c)) Clarification of Quorum Requirements in Membership Meetings (Art. III, Sec. 4[d]) Who may be ex-officio member of the Board (Art. IV, Sec. 1)
For a more comprehensive list of the provisions affected by the amendments, kindly visit our website at http://www.tmap.org.ph.
TMAP Christmas Party When: December 4, 2013 Where: The Residences at Greenbelt Makati
Publications Committee: Leilah Yasmin E. Alpad Terence Conrad H. Bello Eleanor L. Roque 5