How the Philippines’ corporate income tax compares with the rest of the world

Source: BusinessWorld

The country's balance of payments (BoP) position returned to a deficit in November, the Bangko Sentral ng Pilipinas (BSP) reported late on Monday...
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Key interest rates will continue to be raised next year while inflation remains elevated, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said on Tuesday...
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The Philippine Economic Zone Authority (PEZA) on Monday said it had exceeded this year's investment growth target following a surge in project approvals...
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The Bangko Sentral ng Pilipinas (BSP) signaled further tightening in 2023, as it aims to bring inflation to near 3% by the third quarter...
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Retail prices of pork are expected to drop next year following the extension of reduced tariffs that were supposed to expire this month, a senior Agriculture department official said on Tuesday...
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Penalties for failing to properly report company ownership have been increased by the Securities and Exchange Commission (SEC) as many firms continue to ignore rules introduced in 2019...
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The Philippine Competition Commission (PCC) said on Tuesday that it signed an agreement with the regulator overseeing government companies to promote competitive behavior in the latter’s activities, especially in mergers and acquisitions...
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A senator has filed a bill that will grant 13th month pay to all government employees, including those under the contract-of-service scheme or job order arrangement...
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Senator Rafael “Raffy” T. Tulfo has filed a bill seeking to establish a program providing free tuition and other school fees for law students who will be required to work for government after they pass the bar exam...
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The 5,000-kilometer submarine cable system of the Southeast Asia Hainan-Hong Kong Express Cable System (SEA-H2X) consortium is on track to be online by 2024 and will connect Hong Kong, Hainan in China, the Philippines, Thailand, East Malaysia and Singapore...

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The Bureau of Internal Revenue (BIR) said on Tuesday that it launched its Online Registration and Update System (ORUS) on Dec. 12...
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The United States on Tuesday said it supports the Philippines' continued calls on China to "respect" the international law of the sea in the South China Sea (SCS) amid the reported swarming of Chinese vessels there...
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The United States on Tuesday said it was backing the Philippines’ complaints against the swarming of parts of the country’s waters in the South China Sea (SCS) by Chinese vessels believed to be manned by its maritime militia that undermined the livelihood of Filipino fishermen...
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House Deputy Minority Leader France Castro and other Makabayan bloc lawmakers on Tuesday urged the House of Representatives to investigate the presence of foreign-funded laboratories in the country, including animal disease facilities financed by the United States’ Defense Threat Reduction Agency (DTRA), to ensure that there are no covert military objectives involved in these projects...
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Senator Risa Hontiveros is expecting President Ferdinand Marcos Jr.’s “firm assertion” of the country’s rights in the West Philippine Sea (WPS) during his state visit to China in January...
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North Korea on Tuesday threatened to take a "resolute and decisive military step" against Japan as it slammed Tokyo's adoption of a national security strategy as an attempt to turn the country into an aggressive military power...
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Ukrainians shivering under bombs, frost and power outages will soon get more help from a fund that funnels money to volunteers, community groups and civil society organizations, a United Nations humanitarian leader said Tuesday...

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Oil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week, while the dollar weakened, making oil less expensive for non-American buyers...

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For the first time, astronomers have identified a planet that is spiraling toward a cataclysmic collision with its ageing sun, potentially offering a glimpse into how Earth could end one day...
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Afghanistan’s Taliban-run higher education ministry on Tuesday suspended access to universities by female students until further notice, drawing strong condemnation from the United States, Britain and the United Nations...
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President Ferdinand Marcos Jr. has vetoed three provisions in the P5.268-trillion national budget law for 2023, saying those are not related to any newly approved appropriations and could amend substantive laws...
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President Ferdinand Marcos Jr. urged the Philippine Space Agency (PhilSA) to share satellite data with other national government agencies in "readily available and usable form" to allow the mapping of the country's "bio-assets."...

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The Philippine National Police is considering whether or not to revive its controversial Oplan Tokhang strategy in combating illegal drugs as suggested by its former chief, now Sen. Ronald “Bato” dela Rosa...
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Around 57,179 road crashes have been recorded this year, or an average rate of 156.65 cases daily, according to the data of the Metropolitan Manila Development Authority (MMDA)...
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Desperate about the Christmas traffic and the lack of rides in Metro Manila, some commuters have resorted to asking at least one app-based mover to “deliver” them to their destinations...
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A ranking official of the Department of Agriculture (DA) vowed a drop in the retail prices of pork in 2023 with the decision of President Ferdinand "Bongbong" Marcos Jr. to extend the executive order providing lower tariff on swine products...
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A ranking official of the Department of Agriculture (DA) said that the government hopes to finalize the government-to-government procurement of fertilizer in January 2023 as part of the effort to boost the country's local production...
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Philippine exporters generated a total of $25.7 million in initial export sales during the recently held five-day Salon International de l'Alimentation Paris (SIAL) trade exhibition in Paris Nord Villepinte in France...
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Investment pledges approved by the Philippine Economic Zone Authority (PEZA) more than doubled this year, thanks to several big-ticket projects...
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The Philippines posted a balance of payments (BoP) deficit in November, as more dollars flowed out of the country to pay for the government’s foreign debt and the trade deficit continued to widen...
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