International Tax

Business Operations in the Philippines (Portfolio 7290)

  • This Porfolio contains general information designed to enable U.S. and other foreign investors to evaluate the legal and tax factors relevant to conducting business operations in the Philippines.

Description

Tax Management Portfolio, Business Operations in the Philippines, No. 7290, contains general information designed to enable U.S. and other foreign investors to evaluate the legal and tax factors relevant to conducting business operations in the Philippines.

Chapter I provides an overview of the Philippines, its economy and its government. Chapter IIof the Portfolio contains a detailed analysis of the incentives available for and the regulations governing investment in the Philippines. Chapter III discusses the various forms through which U.S. and other foreign businesses may conduct their operations in the Philippines. Chapters IV-XIV discuss the various Philippine taxes, including the relevant parts of the Philippines-United States tax treaty, and their application to foreign businesses and alien individuals. Chapter XV discusses the legal remedies available to taxpayers in relation to deficiency tax assessments and claims for the refund of taxes erroneously paid or illegally collected.

This Portfolio may be cited as Romulo, Valer, and Fernandez, 7290 T.M., Business Operations in the Philippines.


Table of Contents

Detailed Analysis
I. The Philippines — The Country, Its People, Economy and Government
II. Operating a Business in the Philippines
III. Forms of Doing Business in the Philippines
IV. Principal Taxes
V. Taxation of Domestic Corporations
VI. Taxation of Foreign Corporations
VII. Taxation of a Branch
VIII. Taxation of Partnerships
IX. Taxation of Other Business Entities
X. Taxation of Individuals — Residents
XI. Taxation of Individuals — Nonresidents
XII. Intercompany Pricing
XIII. Multinational Corporations
XIV. Avoidance of Double Taxation
XV. Taxpayer Remedies
fernandez-jayson-2015
Jayson Fernandez
Partner
Romulo Mabanta Buenaventura Sayoc & de los Angeles
priscilla-valer
Priscilla Valer
Partner
Romulo Mabanta Buenaventura Sayoc & de los Angeles
Ricardo_Romulo
Ricardo Romulo
Senior Partner
Romulo Mabanta Buenaventura Sayoc & de los Angeles
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