Description
COURSE OUTLINE:
- What nature of Taxes are covered in the Bank’s Taxation Compliance Policy?
- Do the Product Taxation Guidelines provide clear and specific direction on the following salient points pertaining to bank taxation?
- Which taxes are being considered in the Product Pricing, in line with the Product Development Policy?
- Do the tax guidelines specify who is/are responsible for withholding/collecting, remitting, booking of applicable taxes, on the bank products and other taxable transactions?
- Who in the Bank is responsible for Approving the TAX CLAUSES for Bank Products and Agreements, as well as who is accountable for ensuring the consistent compliance with the TAX CLAUSE of contracts and agreements with the Bank’s counterparties, suppliers, lessors, lessees, service providers, and customers?
- How does the Bank identify/determine its ongoing Tax Compliance Risk and to Whom is this reported?
- What nature and limits of Tax Risk Exposure will the Board accept or tolerate? Is there a clear Board Approval as regards Management’s Acceptance of Tax Compliance Risk?
- When an actual tax liability assessment materializes, what aspects of the bank’s Taxation Compliance Policy are observed for the booking of the Tax Expense Provision and the Liabilities for the final settlement of tax due, the interest surcharge and penalties?
- How is the Tax Compliance Risk being managed in the Bank’s regular banking unit (RBU), in the foreign currency deposit unit (FCDU), in the trust banking unit, especially in terms of the bank’s responsibility as a corporate taxpayer or as a counterparty in contracts, agreements, debt instruments, and other banking products/ banking transactions?
- Duration: Equivalent of 1.5 banking days (for the Lectures, the Learning Assessment-Quizzes, Group/Case discussions, Group presentations, Question & Answer interaction).
RESOURCE SPEAKERS:
MR. DOM B. GAVINO, JR.
Chief Adviser for Education & Training
& Former President, BAIPHIL
Chief Finance Officer, Deutsche Bank, Manila Branch
MS. EDEL MARY VEGAMORA
Finance & Audit Course Committee Chairperson & Former BOD, BAIPHIL
Former Chief Audit Executive / Chief IA of Universal Banks,
Former CFO of a Commercial Bank, a Life Insurance Company,
a Pre-need Company, and an Asset Management Company,
Former Director of Finance for the Philippine Branch of ING Bank,
Past President and BOD Chairman of IIA-Philippines (2002)
Former Board of Director (Member) of Sun Life AMC and
two entities of the Sun Life Prosperity Funds, and ING Forex Corp.,
Former Controller of a Savings Bank
SCHEDULE:
Day 1: May 5, 2026 (Tuesday) 9:00 AM – 5:00 PM
Day 2: May 6, 2026 (Wednesday) 1:00 PM – 5:00 PM
TRAINING FEE PER PARTICIPANT:
Member Institution – Php 6,720.00
Non-Member Institution – Php 8,960.00
*VAT Inclusive