TWO parallel measures field before the 20th Congress seek to reduce the value added tax (VAT) from 12 percent to 10 percent, reflecting a shared goal of easing consumer prices and improving the Philippines’ competitiveness within the Association of Southeast Asian Nations (Asean).   In the upper chamber of Congress, Sen. Erwin Tulfo filed Senate Bill (SB) 1552 or the VAT Reduction Act of 2025. The measure aims to increase household purchasing power by lowering the tax burden on goods and...

UNDERSTANDING the benefits provided by the Board of Investments (BOI) and the Barangay Micro Business Enterprise (BMBE) Law is crucial for micro, small and medium enterprises (MSMEs). Both programs enable access to significant tax incentives, regulatory relief and business development support that can help businesses compete more effectively in domestic and international markets.   The BOI registration process is a gateway to various fiscal and non-fiscal incentives designed to encourage...

IN the increasingly integrated and competitive Southeast Asian region, taxation has become a key factor that influences investment...