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What is Overview of Philippine Taxation Policies about?

The taxation policy in the Philippines is governed by several Republic Acts, including the CREATE Act and TRAIN Law, with a territorial tax system that taxes only Philippine-sourced income. The corporate income tax rate is 25%, with a preferential rate of 20% for small businesses, and various withholding taxes apply to dividends, interest, and royalties. Recent reforms, such as the Ease of Paying Taxes Act, aim to modernize tax administration and improve compliance for taxpayers.

Author

astraeazoryalovegood

Language

EN