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  April 16, 2021 by ASEAN Briefing Reading Time: 4 minutes
  

  The Philippines CREATE Act Comes into Effect, Pushing for Accelerated Economic Recovery

  The CREATE Act is a time-bound and tailor-made set of corporate and tax reforms to counter the effects of COVID-19 on the Philippines’ economy.
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  March 17, 2021 by ASEAN Briefing Reading Time: 3 minutes
  

  Philippines Launches FIST Act to Protect Banks and Financial Institutions

  The government approved the Financial Institutions Strategic Transfer (FIST) Act to help dispose NPAs and NPLs of banks and financial institutions.
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  February 18, 2021 by ASEAN Briefing Reading Time: 3 minutes
  

  The Philippines to Suspend Social Security and Healthcare Premium Hikes for 2021

  The country passed House Bill’s No. 8461 and 8512 which authorizes the suspension of premium contribution hikes for social security programs.
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  December 29, 2020 by ASEAN Briefing Reading Time: 4 minutes
  

  Audit and Compliance in the Philippines: A Guide for Foreign Investors

  The Philippines uses a self-assessment tax system, and the accounting period consists of 12 months, normally ending on December 31.
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  July 23, 2020 by ASEAN Briefing Reading Time: 2 minutes
  

  New Economic Zones in the Philippines to Attract Foreign Investment

  The Philippine government has approved 12 new economic zones, which will comprise of IT centers, IT parks, and manufacturing zones.
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  June 4, 2020 by ASEAN Briefing Reading Time: 3 minutes
  

  The Philippines Prepares New Stimulus Program: CREATE Act

  The Philippines is preparing to issue the CREATE Act to accelerate reforms of the country’s corporate tax system.
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  December 20, 2019 by ASEAN Briefing Reading Time: 3 minutes
  

  Understanding the 13th Month Pay and Christmas Bonuses in the Philippines

  Confusion over how the 13th month pay and Christmas bonuses differ in the Philippines is common. We look at the differences between the two types of bonus payments, how they are taxed, and who is eligible.
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  December 9, 2019 by ASEAN Briefing Reading Time: 3 minutes
  

  Philippines and China Sign Six Agreements

  On October 24, 2019, the Philippines and China signed six bilateral agreements covering infrastructure, trade, communications, and customs. Read on to learn more.
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  November 1, 2019 by ASEAN Briefing Reading Time: 3 minutes
  

  The Philippines’ Foreign Investment Act: Amendments May Attract FDI from SMEs

  Learn more about the amended provisions of the Foreign Investments Act (FIA) of 1991, aimed to attract greater foreign investment into the country.
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  October 3, 2019 by ASEAN Briefing Reading Time: 4 minutes
  

  New Tax Cuts, Incentives in the Philippines under CITIRA

  New tax cuts and incentives in the Philippines are available under the Corporate Income Tax and Incentives Rationalization Act (CITIRA). Read on to see if the corporate tax reform benefits your business.