How is the tax system being simplified to enhance the business environment?
Philippines Tax
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Interviews & Viewpoints | Marivic Españo, Chairperson and CEO, P&A Grant Thornton: Interview from The Report: The Philippines 2017
Articles & Analysis | Philippine recent tax changes and regulations from The Report: The Philippines 2017
Taxes in the Philippines are imposed at both the national and local levels. Nationally, taxes are levied and collected pursuant to the National Internal Revenue Code, the Tariff and Customs Code, and several special laws. There are four main types of national internal revenue taxes: income, indirect, excise and documentary stamp taxes, all of...
This chapter examines the Philippines’ tax regime, focusing on the territorial system for foreign companies and individuals, financial reporting framework, special economic zone tax benefits and other key areas.
It also features an interview with Marivic Españo, Chairperson and CEO, P&A Grant Thornton.
Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.
A proposal to offer limited amnesty to delinquent taxpayers alongside stronger future enforcement measures could boost tax compliance in the Philippines, bringing fresh revenues to the state and certainty to investors.
Articles & Analysis | Business tax laws in the Philippines from The Report: The Philippines 2016
At the national level, taxes are imposed and collected pursuant to the National Internal Revenue Code, the Tariff and Customs Code, and several special laws. There are four main types of national internal revenue taxes: income, indirect (value-added and percentage taxes), excise and documentary stamp taxes, all of which are administered by the...