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Programme Objective
 
Philippines recorded stella GDP growth of 5.6% in 2023 and is an open economy which allows 100% foreign ownership in almost all sectors. The country supports a Build-Operate-Transfer (BOT) investment scheme that other Asian countries emulate. As foreign investors inject more funds into the high growth Asia Pacific region, more are turning their attention to the Philippines as well. This comprehensive one-day workshop will equip you with an in-depth understanding of the tax regime in the country to ensure you maximize your returns.

Programme Outline

• Structuring Your Investments in the Philippines
  • Business entity options for foreign investors
  • Registration and licensing procedures
  • Routing of investments through an offshore company
  • Foreign exchange administration
  • Case studies of setting up a branch office, representative office and manufacturing plant

 

• Corporate Taxation in the Philippines
  • Basis of corporate taxation and different business structures
  • Tax treatment of foreign-earned income
  • Tax treatment of losses
  • Tax issues on transfer of assets and shares
  • Transfer pricing in the Philippines
  • Overview of tax incentives for foreign investors

 

• Withholding Tax in the Philippines
  • Overview of withholding tax
  • Items subjected to withholding tax
  • Cross border transactions subjected to withholding tax
  • Application of tax treaties

 

• Updates on VAT in the Philippines
  • Scope and rates of Philippines VAT
  • Taxable items, zero rates and exemptions
  • VAT registration and issues regarding tax invoices
  • Rules on VAT recovery
  • Application of Percentage Tax

 

• Individual Income Tax in the Philippines
  • Current income tax liability for locals and expatriates
  • Territorial rules for individual income tax
  • Exemption under Philippines tax law
  • Exemption under a double tax agreement

 

• Essential Aspects of Philippines Revenue Law
  • Revenue’s powers of inspection, search, seizure and enforcement
  • Tax audits and investigations
  • Offences and penalties
  • Tax collection procedures
  • Taxpayers’ remedies and dispute resolution

 
This workshop will include amendments to the Tax Code which became effective on 01 January 2024.


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

Managing Directors, General Managers, CFOs, Regional Directors, Financial Controllers, Tax Professionals, Legal Professionals, Accountants, Financial Analysts, Regional Accountants, Investors in Philippines

Programme Facilitator(s)