Philippine President Ferdinand R. Marcos, Jr. has signed the Capital Markets Efficiency Promotion Act (CMEPA) into law on 30 May 2025, which goes into force on 1 July 2025.  Philippine President Ferdinand R. Marcos, Jr., has signed the Capital

The Philippines and Hong Kong have held their first round of talks on a bilateral income tax treaty aimed at enhancing cross-border tax cooperation. The Philippine Bureau of Internal Revenue (BIR) has announced that Commissioner Romeo D. Lumagui,

The Hong Kong Inland Revenue Department announced on 13 May 2025 that Hong Kong and the Philippines will hold their first round of income tax treaty negotiations from 21 to 23 May 2025. The representation should reach the Inland Revenue

The Philippines Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 47-2025 on 9 May 2025, offering guidance through FAQs on applying VAT to cross-border digital services. The Circular also states that nonresident providers of

The OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, amended by the 2010 protocol, took effect in the Philippines on 1 May 2025. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters

The Philippines Department of Finance (DOF) categorically refuted reports alleging the imposition of new taxes and stressed that there is no need for additional revenue measures at this time, given the government’s robust fiscal position. This