Philippines

Managing Partner and CEO

Du-Baladad and Associates

Makati City

+632 403 2001

dick.du-baladad@bdblaw.com.ph

www.bdblaw.com.ph

Languages: English, Filipino

Bar admissions: Integrated Bar of the Philippines

Benedicta "Dick" Du-Baladad is the Founding Partner and CEO of Du-Baladad and Associates (BDB Law). Before this, she worked with the Philippine Tax Authority where she stayed for 17 years working on tax administration policies and operational efficiencies as well on legal matters. She then moved to public practice as the head of the tax department of a reputable auditing firm where she handled the tax advisory, transfer pricing, international tax advisory, tax assessments and reclaim, tax advocacy and tax compliance of local conglomerates and multinational clients in various industries. She is now on her 16th year of public tax practice.

Successfully defended a tax assessment of more than 100 billion Philippine pesos issued to a big local conglomerate involving both direct and indirect taxes; A lead consultant in the government's ongoing tax reform for capital income (interest, dividend, and capital gains) and the taxation of financial services; Lead partner in a transfer pricing study for a group of companies in the financial sector; Lead adviser/partner on cases won with the Tax Court.

Tax Consulting and Advisory, Transfer Pricing, Handling Tax Disputes and Refund Claims, International Tax Advisory, Tax Planning, Tax Litigation, Tax Compliance/Due Diligence, Tax Advocacy

Banking, Insurance, other Financial Services, Real Estate and Construction, Power, Oil and Energy

Chair, Taxation Committee, Philippine Chamber of Commerce and Industry (PCCI); President, Financial Executives of the Philippines (FINEX) 2017; Governor, Management Association of the Philippines (MAP) 2014-2015; President, Tax Management Association of the Philippines (TMAP) 2005

• Master of Laws and International Tax Program Harvard University (1997)

• Advanced Management Program Wharton School of the Univ. of Penn., USA (2007)

• Bachelor of Laws, University of Santo Tomas, Manila, Philippines (1989)

• Bachelor's Degree in Accountancy, Magna Cum Laude, St. Louis University (1982)

Partner, Tax Practice Group

Quisumbing Torres

Manila

+63 2 819 4995

ronald.bernas@quisumbingtorres.com

Languages: English, Filipino

Bar admissions: Philippines (1999)

Ronald Bernas is a partner in Quisumbing Torres' Tax Practice Group. He has 18 years of experience advising clients on various tax issues, including general tax planning, tax controversies, tax litigation, and customs issues and procedures.

Ronald's practice focuses on general tax planning, protests of assessments, claims for refund and tax credit.

• Advised a global technology-based service company on navigating the tax issues related to their operation in the Philippines.

• Represented a client before the Bureau of Internal Revenue to discuss the impact of a Revenue Memorandum Circular specifically addressed to Transportation Network Corporations.

• Assisted and advised the Philippine headquarters of an Australia-based mechanical engineering company in relation to the tax audit conducted by the Bureau of Internal Revenue ("BIR") for taxable year 2013.

Restructuring, Transactions, M&A, Litigation, Tax consulting

Consumer goods and services, Energy, Healthcare, Oil and gas, Tech and telecoms

Integrated Bar of the Philippines – Member

International Bar Association – Member

Australian-New Zealand Chamber of Commerce of the Philippines – Member

Juris Doctor, Ateneo de Manila University, 1998

Bachelor of Science in Commerce Major in Legal Management, De La Salle University, 1993

Partner and Head, Tax Practice Group

Quisumbing Torres

Manila

+63 2 819 4912

dennis.dimagiba@quisumbingtorres.com

Languages: English, Filipino

Bar admissions: Philippines (1985); Certified Public Accountant, Philippines (1980)

Dennis Dimagiba heads Quisumbing Torres's Tax Practice Group. He advises multinational companies with Philippine operations on general tax planning, and represents clients in tax and customs controversies. He also advises private banks on tax and legal issues pertaining to high net worth individuals.

• Advised one of the largest US-based electronic commerce retail companies on the following matters: (a) Philippine tax implications and entitlement to incentives of a new entity that will provide certain services to Philippine customers, and (b) Philippine tax implications of new product offerings.

• Advised and assisted one of the largest multinational pharmaceutical companies in contesting a tax assessment relating to the sale of the shares of stock of a subsidiary, involving the difficult issue of valuation of shares.

• Advised and represented an industry-leading manufacturer of water systems equipment and machinery in connection with the deficiency tax assessments issued by the Bureau of Internal Revenue for taxable year 2004.

Restructuring, Audit Defence, Audit Support, Litigation, Customs

Consumer goods and services, Healthcare, Industrials, Pharma and life sciences, Tech and telecoms

• Canadian Chamber of Commerce of the Philippines

• International Bar Association

• Integrated Bar of the Philippines

• Philippine Chamber of Commerce and Industry

• Tax Management Association of The Philippines

LL.B., Ateneo de Manila University, 1984

B.Sc. Accounting, De La Salle University, 1979