ASEAN Briefing News

Philippines Plans Stock Tax Reduction to Revive Capital Market

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The Philippine government plans to drastically reduce the stock transaction tax from 0.6 percent to 0.1 percent, a move which aims to stimulate trading activity and attract more investors.

ASEAN Labor Costs: Minimum Wage and Social Insurance Essentials

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When assessing labor costs in ASEAN, foreign investors should be aware that governments are increasing social protection expenditure in areas such as pensions, health coverage, and welfare assistance.

Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates

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The Philippines has extended its zero-tariff rates on EV imports, aligning with its commitment to develop a domestic electric vehicle market.

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

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The Philippines is modernizing its tax administration by simplifying compliance and introducing a ‘file and pay anywhere’ system for enhanced taxpayer convenience.

Cambodia and Philippines Conclude Double Taxation Avoidance Agreement

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Cambodia and the Philippines have concluded negotiations on a double taxation avoidance agreement that will enable the two countries to mitigate the burden of double taxation on businesses and individuals.

Philippines Passes CREATE MORE Act, Proposing Amendments to Tax Incentives

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The CREATE MORE bill makes key amendments and enhancements to the tax regime introduced in the CREATE Act.

Insights into the Philippines’ Standing in the 2024 Emerging Asia Manufacturing Index

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The Emerging Asia Manufacturing Index 2024 report published by Dezan Shira & Associates provides insights into the factors that influence the manufacturing sector in emerging Asian countries such as the Philippines.

Philippines Signs Second Protocol of ASEAN-Australia-NZ FTA

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The Philippines ratified the Second Protocol of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).

Philippines Enacts New E-Commerce Regulation

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The Philippines government has adopted the Internet Transactions Act of 2023 (ITA), a new law governing the country’s e-commerce industry.

Philippines’ Public Holidays for 2024

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ASEAN Briefing outlines the Philippines’ public holidays for 2024.This is a comprehensive list of those holidays.

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