OrbitaxOrbitax

The Philippines Looking to End to Indiscriminate Grant of Costly Tax Incentives and Abuse

|Proposed Changes|Philippines
Philippines

As part of the ongoing debate for corporate tax reform as part of the Comprehensive Tax Reform Program, the Philippines Department of Finance (DOF) has announced that the government is pushing to end the indiscriminate grant of costly tax Incentives, which under existing rules are mainly only granted to the largest companies. Instead, greater focus should be given to supporting SMEs and to pre…

Continue Reading