ASEAN Briefing News

Philippines Imposes New VAT Rate on Foreign Digital Services

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Explore how the Philippines' new 12% VAT on foreign digital services reshapes the market, affects consumers, and drives local industry growth.

Philippines Plans Stock Tax Reduction to Revive Capital Market

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The Philippine government plans to drastically reduce the stock transaction tax from 0.6 percent to 0.1 percent, a move which aims to stimulate trading activity and attract more investors.

Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates

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The Philippines has extended its zero-tariff rates on EV imports, aligning with its commitment to develop a domestic electric vehicle market.

Audit and Compliance in the Philippines: A Guide for Foreign Investors

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The Philippines is modernizing its tax administration by simplifying compliance and introducing a 'file and pay anywhere' system for enhanced taxpayer convenience.

A Guide to Taxation in the Philippines - Updates for 2024

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The Philippines imposes a territorial tax system, meaning only Philippine-sourced income is subject to taxes.

Cambodia and Philippines Conclude Double Taxation Avoidance Agreement

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Cambodia and the Philippines have concluded negotiations on a double taxation avoidance agreement that will enable the two countries to mitigate the burden of double taxation on businesses and individuals.

Philippines Passes CREATE MORE Act, Proposing Amendments to Tax Incentives

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The CREATE MORE bill makes key amendments and enhancements to the tax regime introduced in the CREATE Act.

Insights into the Philippines' Standing in the 2024 Emerging Asia Manufacturing Index

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The Emerging Asia Manufacturing Index 2024 report published by Dezan Shira & Associates provides insights into the factors that influence the manufacturing sector in emerging Asian countries such as the Philippines.

Philippines Signs Second Protocol of ASEAN-Australia-NZ FTA

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The Philippines ratified the Second Protocol of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).

Philippines Enacts New E-Commerce Regulation

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The Philippines government has adopted the Internet Transactions Act of 2023 (ITA), a new law governing the country’s e-commerce industry.

Vietnam-Philippines Two-Way Trade

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The President of the Philippines is on an official state visit to Hanoi during which he will discuss trade and investment between the two nations. Here’s how that trade and investment is shaping up.

Philippines’ Public Holidays for 2024

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ASEAN Briefing outlines the Philippines' public holidays for 2024.This is a comprehensive list of those holidays.

A Guide to HR Compliance in the Philippines

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Expatriate workers and their employers in the Philippines must understand the process of obtaining a work visa and employment permit to legally work in the country.

Russia and the Philippines: 2023/24 Trade and Investment Opportunities

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By Emil Avdaliani Russia and the Philippines have been peripheral to each other, as while bilateral trade and investments ties are small, the geography has also largely precluded developing closer ties. What could change this are the unfolding geopolitical developments across Eurasia pushing Russia to seek closer ties with Southeast Asia. Amid Russia’s re-orientation of[.....]

Philippines Sovereign Wealth Fund: Marcos Says Not Suspended but Being Optimized

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The Maharlika Investment Fund is the Philippines' first sovereign wealth fund and remains a top priority for President Marcos Jr. Amid reports that the fund was being halted, Marcos clarified that necessary improvements were being made.

Philippines and South Korea Sign Free Trade Agreement

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The signing of a historic free trade agreement between the Philippines and South Korea marks a significant milestone in their relationship.

Philippines Central Bank to Introduce Incentives for Green Financing

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The central bank of the Philippines is proposing the introduction of new incentives to encourage sustainable and green project financing in the country.

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