To what extent will the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill facilitate economic recovery from the Covid-19 pandemic?
Tax
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Interviews & Viewpoints | Protacio T Tacandong, COO, Reyes Tacandong & Co: Interview from The Report: Philippines 2021
This chapter examines the tax system of the Philippines, focusing primarily on the tax...
The Philippines is one of the world’s fastest-growing nations. Although economic activity slowed during the 2020 Covid-19 pandemic period, stimulus measures, imminent public sector policies and a larger budget are expected to create jobs, generate growth and help kick-start the country’s recovery during 2021.
Interviews & Viewpoints | Jonathan Seeto, Managing Partner, PwC Papua New Guinea: Viewpoint from The Report: Papua New Guinea 2020
Although it is difficult to believe that anything good could come from a global pandemic, the current crisis and Papua New Guinea’s capacity to respond has acted as a wake-up call for the country to identify its priorities for the future. PNG has promising development prospects and an opportunity to dramatically improve social outcomes, but we...
Articles & Analysis | What are the tax laws and incentives in Papua New Guinea? from The Report: Papua New Guinea 2020
As of 2020 Papua New Guinea is in the process of significant tax reform following recent amendments to the country’s tax code. Among the most recent changes are those related to the taxation of extractive industries, while proposed reforms include the introduction of a capital gains tax and the rewriting of the Income Tax Act.
Papua New Guinea is in the process of significant changes following recent amendments to the tax code, which include new rules for the taxation of extractive industries, while proposed reforms include the introduction of a capital gains tax and the rewriting of the Income Tax Act. The 2020 budget is focused mainly on reforming the revenue administration system. It also includes a limited...