Other Briefings
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
