Philippines tax reform to raise costly challenges for companies

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Philippines tax reform to raise costly challenges for companies

July 11 2017
signs

The Philippines government has established the primary basis for a comprehensive tax reform package that is part of a wider ambitious plan for national development. Emmanuel P Bonoan, vice chairman and chief operating officer of KPMG R.G. Manabat & Co, and former undersecretary of the Philippines Department of Finance (DoF), examines the provisions of package 1 of the tax reform, which will affect multinational corporations (MNCs) and major industries.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

PhilippinesFeatureDirect TaxCompliance ManagementITR MagazineJuly/August 2017Asia-Pacific
more across site & shared bottom lb ros

More from across our site

Direct Tax
Gold and silver crypto currencies
Brazilian advisers warn of disputes over crypto transaction tax proposals
Imposing the tax on virtual assets is a measure that appears to have no legal, economic or statistical basis, one expert told ITR
Sam Sholli, December 23 2025
Direct Tax
trumpp large
A taxing week: Trump’s pillar two deal won’t save the project
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two
Sam Sholli, December 22 2025
Direct Tax
Business deal mergers and acquisitions
MHA acquires tax and consulting services firm in UAE
The £7.4m buyout marks MHA’s latest acquisition since listing on the London Stock Exchange earlier this year
Sam Sholli, December 22 2025
Direct Tax
2025
Editor’s picks: ITR’s top stories of 2025
ITR’s most prolific stories of the year charted public pillar two spats, the continued fallout from the PwC Australia tax leaks scandal, and a headline tax fraud trial
Tom Baker, December 22 2025
Direct Tax
EU flag large
This week in tax: EU nations drop US pillar two carve-out objections
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team
Sam Sholli, December 19 2025
Direct Tax
Merger international
Hogan Lovells, Cadwalader to merge in ‘largest combination in history’
A vote to be held in 2026 could create Hogan Lovells Cadwalader, a $3.6bn giant with 3,100 lawyers across the Americas, EMEA and Asia Pacific
Noemi Distefano, December 18 2025
Direct Tax
Libya
Whose tax is it anyway – Libya’s permanent establishment conundrum
Foreign companies operating in Libya face source-based taxation even without a local presence. Multinationals must understand compliance obligations, withholding risks, and treaty relief to avoid costly surprises
Salaheddin El Busefi , December 18 2025
Indirect Tax
uksc-court-sittings-2023.jpg
HMRC scores Supreme Court VAT victory over Hotel La Tour
Hotel La Tour had argued that VAT should be recoverable as a result of proceeds being used for a taxable business activity
Sam Sholli, December 17 2025
Direct Tax
Luis coronado
EY recruits provided AI training but still taught ‘old way’
Tax professionals are still going to be needed, but AI will make it easier than starting from zero, EY’s global tax disputes leader Luis Coronado tells ITR
Sam Sholli, December 17 2025
Direct Tax
kpmg.jpg
KPMG reports 7.5% tax and legal services revenue increase
AI and assisting clients with navigating global tax reform contributed to the uptick in turnover, the firm said
Sam Sholli, December 16 2025
Gift this article