Treaty between Iraq and Philippines authorization for signature by Iraq

The Philippine Information Agency announced that on 25 March 2026, President Ferdinand Marcos Jr. signed Republic Act No. 12316, authorising the temporary suspension or reduction of excise taxes on petroleum products under specified conditions. The

The Philippine Senate is considering Senate Bill No. 1935, which was first read on 9 March 2026, proposing an automatic suspension of fuel taxes when global oil prices surge beyond a specific threshold. The bill establishes a clear trigger for

The Philippine Senate is reviewing draft Bill No. SBN-1916, known as the VAT Reduction Act, was introduced on 26 February 2026. The VAT Reduction Act proposes lowering the Value-Added Tax (VAT) in the Philippines from 12% to 10% to align with the

The Philippine Court of Tax Appeals ruled on 26 February 2026 concerning the withholding tax exemption on dividends under Section 32(B)(7)(a) of the National Internal Revenue Code (NIRC) of 1997. Section 32(B) excludes certain income items from

The Philippines and Luxembourg, during the bilateral meeting on 18 February 2026, held talks regarding the establishment of a new income tax treaty The discussions aimed at strengthening collaboration in trade and investment, creative industries,

The Philippines’ Bureau of Internal Revenue (BIR) announced on 27 January 2026, through Revenue Memorandum Circular (RMC) 8-2026, the lifting of the suspension on all tax audits and field operations that had been halted under an order issued in