The updated Philippine–Japan tax treaty is expected to establish clearer and more predictable rules on the taxation of cross-border income, a development seen to benefit more than 245,000 overseas Filipinos (OFs) working and residing in Japan. “By providing clear and predictable rules on the...
The Philippines and Japan signed a landmark agreement to avoid double taxation, Malacañang said. The agreement was signed during President Marcos ' four-day state visit to Japan. Marcos and Japanese Prime Minister Sanae Takaichi witnessed the signing of the Double Taxation Convention...
The Philippines and Japan are expected to sign a new double taxation convention (DTC) on the sidelines of President Ferdinand R. Marcos Jr.’s ongoing state visit to Tokyo. Manila Bulletin learned on Wednesday, May 27, that the Philippine-Japan DTC will possibly be signed before the end of the...
Hong Kong is ramping up its incentive programs and investment facilitation schemes to further boost trade with the Philippines, committing to low trade barriers, in contrast with the protectionist policies of the United States (US). Invest Hong Kong (InvestHK), the agency responsible for...
The Philippines and Cambodia are expected to remove this year taxation that is doubly imposed on their local businesses and individuals following negotiations that happened in Manila on Tuesday, Aug. 27. Foreign Affairs Secretary Enrique Manalo and Cambodian Deputy Prime Minister Chenda Sophea sat...
The Philippines and Cambodia are set to formally sign their double taxation agreement (DTA) after six years of negotiations, the Department of Finance (DOF) announced. In a statement on Friday, May 3, the DOF said that the draft DTA between Manila and Phnom Penh was finalized on April 19, with the...
President Marcos assured Cambodian Prime Minister Hun Manet that the Philippines is doing all it can to solve the issue of double taxation between the two countries. (From right) President Ferdinand 'Bongbong' Marcos Jr. and Cambodian Prime Minister Hun Manet during a bilateral meeting in...
The hardline stand of the Bureau of Internal Revenue (BIR) against tax evasion racket has been boosted with the full support extended by the Department of Justice (DOJ) in the prosecution of negligent taxpayers. (L-R) BIR Commissioner Romeo D. Lumagui Jr. and DOJ Secretary Jesus Crispin...
If you love your potato chips then pay close attention to congressmen starting next month. (Unsplash) The House Committee on Ways and Means chaired by Albay 2nd district Rep. Joey Salceda will start deliberations on proposed junk food taxes this 2023. “We will begin briefings on junk food taxes,...
Are alcomixes your preferred drink? Then brace for possible higher prices for the beverage. (Unsplash) House Committee on Ways and Means chairman, Albay 2nd district Rep. Joey Salceda said Friday, Dec. 30 that his panel would look into "discussing taxation" on the commodity come 2023. "We will...
House Committee on Ways and Means Chairman Joey Salceda has thumbed down a recommendation from the International Monetary Fund (IMF) for the government to shift away from luxury taxation of cars, saying this would lead to the taxation of public utility jeepneys (PUJs). (MANILA BULLETIN) The Albay...
House Ways and Means chair Rep. Joey Salceda has refiled the Digital Economy Value Added Tax (VAT) Law in the 19th Congress. (Cong. Joey Salceda’s office / FILE PHOTO / MANILA BULLETIN) Salceda filed House Bill (HB) 372 as a means to “close ambiguities” pertaining to Value Added Tax (VAT) and...
