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Philippines Green Jobs Tax Incentive Regulations Published

|Approved Changes|Philippines
Philippines

The Philippines Bureau of Internal Revenue has published Revenue Regulations No. 5-2019, which provides for the implementation of the tax incentives provided as part of the Philippine Green Jobs Act of 2016. This includes that a qualified business enterprise shall be entitled to a special deduction from taxable income equivalent to 50% of the total expenses for qualified skills training and re…

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