The Philippines rose to 95th place from 124th while its overall score improved to 62.9 from 60.9 points in 2019. Philippine tax amnesty and tax reformIn the Philippine tax arena, we saw the passage of RA 11213 or the “Tax Amnesty Act in February 2019.” While President Rodrigo Duterte vetoed the general tax amnesty, the amnesty of estate tax amnesty and tax delinquents became effective. However, the tax amnesty on delinquents will end on April 23, while estate tax amnesty shall become effective on June 14, 2021. International frontAs the president of the Asia-Oceana Tax Consultants’ Association (AOTCA), I attended several engagements in the international tax arena in 2019. We expect more advocacy work in the international tax arena.

Source: Manila Times January 01, 2020 17:48 UTC