- The interviewee discussed the competitiveness of the Philippines from a taxation perspective.
- They mentioned that tax reforms have been implemented to make the country competitive, but there is still room for improvement.
- One reason for concern is changing tax rules during ongoing business operations, which could discourage foreign investors.
- The Republic Act 11976, also known as the “Ease of Paying Taxes Act,” was passed to introduce reforms such as flexible filing and payment options and tailored tax compliance and VAT refunds.
Source: manilatimes.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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