ASEAN Briefing News

Tax Implications for 13th Month Pay and Christmas Bonuses in the Philippines

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Learn how 13th Month Pay and Christmas bonuses are taxed in the Philippines. This guide covers the tax-exempt threshold, calculation examples, and practical tips for employees and employers.

Philippines Refines Tax Policies with CREATE MORE Act

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Discover how the CREATE MORE Act enhances the Philippines’ global investment appeal with competitive tax rates, expanded incentives, and streamlined compliance processes.

Understanding the 13th Month Pay and Christmas Bonuses in the Philippines

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The 13th month pay and Christmas bonuses in the Philippines are an important aspect of HR policy that employers need to understand.

Philippines Public Holidays: Essential Dates for 2025

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Discover the key national holidays in the Philippines for 2025, including cultural traditions, religious events, and historical celebrations.

The Philippines’ Revised VAT Policy on Foreign Digital Services from 2024

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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.

ASEAN Labor Costs: Minimum Wage and Social Insurance Essentials

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When assessing labor costs in ASEAN, foreign investors should be aware that governments are increasing social protection expenditure in areas such as pensions, health coverage, and welfare assistance.

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.

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