Atty. Benedicta "Dick" Du-Baladad, Founding Partner and CEO of BDB Law, presented key updates on international and local taxation at the Healthcare Information Management Association of the Philippines (HIMAP) 3rd Quarter General membership Meeting. She began by discussing the global Base Erosion and Profit Shifting (BEPS) framework, focusing on the 15% global minimum tax for multinational enterprises and its implications for transfer pricing and tax incentives. Atty. Dick also addressed the potential impact of Pillar 2 in the Philippines, including how tax policies could be affected if the country opts out.
She then provided a detailed comparison of the CREATE and CREATE MORE Acts, highlighting changes in income tax rates, VAT treatments, tax incentives, and the VAT refund process.
The session concluded with a panel discussion featuring Atty. Dick, Ms. Celeste Ilagan (IBPAP COO), and Atty. Michael Montero (APAC Regional General Counsel at Concentrix), moderated by Ms. Nora Terrado (HIMAP VP), which explored the impact of these tax updates on the healthcare information management sector.
