How can comprehensive reform of both corporate and personal income tax rates help boost revenue and reduce informal economic activity?
Philippines Tax
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Interviews & Viewpoints | Marivic Españo, Chairperson and CEO, P&A Grant Thornton: Interview from The Report: The Philippines 2016
This chapter gives a breakdown of the tax environment in the Philippines, examining new developments that include separate tax regimes offered in special economic zones, regulations governing transfer pricing and bookkeeping requirements. It also contains an interview with Marivic Españo, Chairperson and CEO, P&A Grant Thornton.
A series of reforms initiated by the administration of President Benigno Aquino III in the last few years have boosted spending on infrastructure and opened key industries to outside investors. The reforms prompted a series of upgrades to the Philippines’ credit ratings and echo initiatives taken in the region as it embarks on greater integration through the ASEAN Economic Community.
The Philippine economy is gradually on the rise, largely driven by its business process outsourcing, industry and construction sectors. The average pace of growth in the Philippines in the first half of the decade was 6.3%, compared to 6% in Indonesia, 5.8% in Malaysia and Vietnam, and 3.6% in Thailand.
Articles & Analysis | A look at the key elements of the Philippines' tax regime from The Report: The Philippines 2015
Taxes in the Philippines are imposed at both the national and local levels. 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...
Interviews & Viewpoints | Marivic C Españo, Chairperson and CEO, Punongbayan & Araullo: Interview from The Report: The Philippines 2015
How would you rate the fiscal burden for corporation in the Philippines? What changes to the fiscal code would help private sector companies?