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CNSearch ASEAN Briefing News
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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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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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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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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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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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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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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.
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Corporate Taxes in the Philippines
In the Philippines, all companies – domestic or foreign – are liable to pay corporate income tax (CIT). The tax liability for a corporation is determined by its residency status and is based on the net income it obtains. Read more in our latest article.
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German FDI in ASEAN Part IV: The Philippines and Singapore
ASEAN continues to be an important FDI destination for European investors. Read more about Germany’s investments in the Philippines and Singapore in the fourth part of our five-part article on German FDI in ASEAN.
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The Philippines’ Federal Shift and What it Means for Business
The Philippines is moving towards a federal constitution. Read our latest article to know what it means for business.
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