Emmanuel P Bonoan is the Chief Operating Officer and concurrent Vice Chairman for Tax of KPMG Manabat Sanagustin & Co (KPMG Philippines). He is a former Undersecretary of the Philippines Department of Finance and exercised oversight over the Bureau of Internal Revenue and the Customs authority. He was responsible for leading the teams that wrote and pushed the passage of key revenue reform legislation, among which is the VAT Reform Law of 2005 (RA 9337). He successfully argued the constitutionality of the law before the Philippine Supreme Court. His key accomplishments in government include introducing anti-corruption and anti-tax evasion programmes that, to this day, are recognized as effective deterrence mechanisms. For his work he was awarded in 2004 the prestigious Ten Outstanding Young Men (TOYM) in the category of Public Service.
As Chief Operating Officer of KPMG Philippines Emmanuel has played an important strategy setting role that has resulted in the firm’s position as the fastest growing professional services firm in the Philippines. From 2007 to 2012, the firm grew from a complement of 300 people to more than 800 people offering audit, tax, and advisory services in key locations nationwide. More
importantly, the firm has established a reputation among the Philippine business community for the depth, breadth, and quality of its services.
Emmanuel advises his clients on effective tax strategies and structures. He has worked with industry associations such as the Bankers Association of the Philippines and the Philippine Association of Multinational and Regional Operating Headquarters to ensure that revenue regulations impact them in a constructive way. His clients include, among others, two large financial institutions, one large independent power producer, three large petroleum companies, several multinationals in the food and beverage industry, and a number of prominent Philippine industry associations. He also advises on customs and trade matters.
He is a graduate of the Ateneo de Manila School of Law (1994, Honors) and has a Master of Laws in International Economic Law from the University of Warwick, United Kingdom (1999), which he attended on a Chevening Scholarship. He is a member of the Philippine Bar.