Other Briefings
The Philippines Imposes New 12% VAT Rate on Exporters
The Philippines’ Revenue Regulation No. 9-2021, which introduces a 12 percent value-added tax (VAT) rate on certain sales transactions that were previously taxed at zero percent.
How to Terminate an Employee in the Philippines: A Step by Step Guide
Employers must understand and comply with the Philippines’ termination procedures, especially concerning complex open-ended contract provisions.
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.
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.
