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Representatives from the Philippines' major business organizations have expressed support for House Bill No. 4774, which includes measures to make the tax system simple, equitable, and efficient for small taxpayers. Read Full Story
The EU and the Association of Southeast Asian Nations have agreed to take new steps toward resuming region-to-region trade talks. Read Full Story
Officials in the Philippines have confirmed that a new value-added tax charge on the service fees of money transfer centers will only apply to domestic transactions. Read Full Story
The Filipino Government is optimistic that it can overhaul the Philippines' tax regime by 2018 through a two-step approach. Read Full Story
Philippine Department of Finance Secretary Carlos Dominguez III has approved a new revenue regulation, which would make banks, and not taxpayers, liable for late- or non-payment of taxes for electronic payments. Read Full Story
During the question-and-answer session of the Joint Business Community Luncheon on January 26, Hong Kong's Chief Executive, C Y Leung, stressed the importance to the city of global free trade. Read Full Story
The European Parliament has provided an update on the trade agreements under negotiation by the EU. Read Full Story
The Philippines is undertaking sweeping reforms at the Bureau of Internal Revenue and the Bureau of Customs to improve taxpayer satisfaction and restore public trust, according to Finance Secretary Carlos Dominguez III. Read Full Story
Judy Taguiwalo, Philippines' Department of Social Welfare and Development Secretary, has signed off on Republic Act 10754 to provide a 20 percent value-added tax discount to persons with disabilities. Read Full Story
Southeast Asian countries have recently made advancements towards expanding their tax bases but further effort is needed, says a new report from the OECD. Read Full Story
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