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.
On October 24, 2019, the Philippines and China signed six bilateral agreements covering infrastructure, trade, communications, and customs. Read on to learn more.
Learn more about the amended provisions of the Foreign Investments Act (FIA) of 1991, aimed to attract greater foreign investment into the country.
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.
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.
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.
The Philippines is moving towards a federal constitution. Read our latest article to know what it means for business.
With an average growth rate of 6.3 percent over the past five years, the Philippines is now among the fastest growing economies in Asia. Read more about the Philippines’ latest FDI trends and outlook for 2019 in our latest article.
With a highly skilled and productive workforce, along with a robust supply of business process outsourcing services, and sound economic fundamentals, Philippines has become one of the most attractive destinations for businesses expanding to Southeast Asia. Read more in our latest article.
The Philippines’ FTA with the European Free Trade Association, which will come into force on June 1, 2018 for the Philippines and Switzerland, will significantly benefit businesses exporting goods from the Philippines to the EFTA member states. Read more in our latest article.