Other Briefings
Philippines Amends Retail Trade Liberalization Act to Attract Foreign Investment
The Philippines has approved the final amendments to the Retail Trade Liberalization Act, which aims to ease foreign investments in the retail sector.
The Philippines Issues VAT Exemption for Exporters of Local Purchases
The Philippines has issued a value-added tax (VAT) exemption for registered exporters on their local purchases of goods and services
Philippines Introduces New Economic Zone Authority Visa for Foreigners
In November 2021, the Philippines Economic Zone Authority introduced a new work visa for foreigners who are sponsored to work in the Philippines by companies registered with PEZA.
New Online Systems for Business Registration and Tax Incentive Applications in the Philippines
The Philippines has issued two new online systems for business registration and tax incentive applications.
Philippines and Brunei Sign Double Tax Avoidance Treaty
The Philippines and Brunei have signed a double taxation avoidance treaty that will eliminate double taxation on the income generated from cross-border transactions.
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.
