𝗔𝘁𝘁𝘆. 𝗕𝗲𝗻𝗲𝗱𝗶𝗰𝘁𝗮 "𝗗𝗶𝗰𝗸" 𝗗𝘂-𝗕𝗮𝗹𝗮𝗱𝗮𝗱, Founding Partner and CEO of Du-Baladad and Associates (BDB Law) moderated a Panel Discussion with 𝗠𝗿. 𝗝𝗲𝗳𝗳𝗿𝗲𝘆 𝗠𝗮𝗻𝗮𝗹𝗼, Public-Private Partnership Center (PPP) Deputy Executive Director V, 𝗨𝗻𝗱𝗲𝗿𝘀𝗲𝗰𝗿𝗲𝘁𝗮𝗿𝘆 𝗥𝗲𝗻𝗮𝘁𝗼 𝗥𝗲𝘀𝗶𝗱𝗲, 𝗝𝗿., Fiscal Policy and Monitoring Group - Department of Finance (DOF), and 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗠𝗿. 𝗘𝗱𝘂𝗮𝗿𝗱𝗼 𝗙𝗿𝗮𝗻𝗰𝗶𝘀𝗰𝗼, BDO Capital and Investment Corp., who shared their policy perspectives on investing through PPP and the impact of the Ease of Paying Taxes law to businesses.
Atty. Dick also expressed her satisfaction with the Ease of Paying Taxes (EOPT) Act, noting that it is very taxpayer-friendly overall. However, she pointed out that the transition from using Official Receipts to Invoices could significantly impact small businesses financially as they will be required to advance the payment of VAT before collection, thus affecting their cashflows for operation. The Department of Finance (DOF) Undersecretary acknowledged this concern and stated that they are currently working on improving the pain points of the EOPT Act.
This event was organized by 𝗚𝗲𝗿𝗺𝗮𝗻-𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲 𝗖𝗵𝗮𝗺𝗯𝗲𝗿 𝗼𝗳 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗮𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆.
