Tax
From The Report: Philippines 2019
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This chapter examines the tax system of the Philippines, focusing primarily on those stemming from AmBisyon Natin 2040. This includes: The Tax Reform for Acceleration and Inclusion bill; The Tax Reform for Attracting Better and High-Quality Opportunities bill; the Green Jobs Act; The Tax Amnesties Act; and The Tax Amnesty of Delinquencies. This chapter also outlines which processes can now be completed electronically on the Bureau of Internal Revenue’s digital services platform, as well as which operations are streamlined under the Ease of Doing Business Act. This chapter also contains an interview with Protacio T Tacandong, COO, Reyes Tacandong & Co.

Articles from this Chapter

Overview

Duty bound: A comprehensive look at recent changes to tax legislation applicable to businesses and individuals
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The Philippines continues to be one of the most attractive investment destinations in Asia. This is unsurprising given its high literacy rate; English proficiency; abundant natural resources; and efficient, productive and competitive workforce. The first three years of the administration of President Rodrigo Duterte brought rapid changes in the business climate, tax regulatory framework and economic agenda of the Philippines. The administration recognises the importance of attracting and…

Interview

Fine-tuning: Protacio T Tacandong, COO, Reyes Tacandong & Co, on deploying policy and digital tools to optimise revenue collection
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Interview:Protacio T. Tacandong In what ways do you expect artificial intelligence (AI) and other digital tools to disrupt tax administration? PROTACIO T. TACANDONG: In the age of digital disruption, every company must be able to respond to three major concerns: how to survive in this new environment, how to retool a labour force with the appropriate skills and how to capitalise on changes to tax law that make a locale more competitive for foreign direct investment (FDI). In order for a digital…