Creation and Composition of the Technical Working Committee on the Exchange of Information (TWC-EOI)

October 12, 2010 DOF DEPARTMENT ORDER NO. 043-10 In the interest of service and pursuant to the instruction of the Secretary last 06 August 2010 to address the issues concerning Philippine compliance to international tax standards on the exchange of information, a Technical Working Committee on the Exchange of Information (TWC-EOI) is hereby created and shall be composed of: Mr. Peter L. Calimag Chairperson Assistant Secretary, DOF Ms. Gilda Victoria G. Mendoza Co-Chair Director, IFG-International Finance Policy Office, DOF Mr. Dante V. Sy Co-Chair Executive Director, National Tax Research Center Mr. Arsenio Ambrosio L. Pascual VII Member Division Chief, International Economy Division, DOF Atty. Robert F. Bernardo Member Chief, International Tax Affairs Division, BIR Ms. Emelita A. Tena Member Chief, Special Research Services, NTRC Mr. Consorcio C. Olivan Member Planning Officer, International Tax Affairs Division, BIR Mr. Ryan L. Tanbengco Secretariat Economist II, External Adjustment Division, DOF Atty. Grace Kelly B. Parungao Secretariat Attorney II, International Tax Affairs Division, BIR The TWC-EOI shall: HIcTDE 1. Review, evaluate, and provide analysis on issues relating to the Philippines' compliance to international standards on the exchange of tax information; 2. Serve as the central coordinating committee to review and assess all issues brought up by the international community, as well as domestic organizations and agencies (both public and private), concerning the exchange of information on taxes and other related matters; 3. Initiate and recommend possible areas of study in relation to the EOI and related matters; 4. Review and recommend to the Secretary of Finance and the Commissioner of Internal Revenue, courses of action to EOI requests by foreign tax authorities in compliance with existing Treaties and Agreements; 5. Communicate and coordinate with both public and private institutions (such as, but not limited to, the banking and financial institutions) matters in relation to the EOI and related matters; and 6. Provide recommendations to the Secretary of Finance and the Commissioner of Internal Revenue, regarding the Philippine position relating to the EOI and related matters. The above-mentioned personnel whose salary grade is 25 and below shall be authorized to claim and receive non-monetary remuneration for actual overtime service rendered (Compensatory Time-Off), including weekends and holidays until such time as the TWC-EOI is dissolved, since they will perform additional assignments other than their regular functions, in accordance with the Civil Service Commission and Department of Budget and Management Joint Circular No. 2 dated 04 October 2004. Any travel of the aforementioned officials and personnel shall be on official time. All orders, issuances and instructions contrary to or inconsistent herewith are hereby repealed, modified or revoked and all concerns shall be guided accordingly. This order shall take effect immediately. SCDaHc (SGD.) GIL S. BELTRAN Undersecretary