The Philippines and Cambodia have signed their first income tax treaty on 11 February 2025. The treaty will take effect once ratification instruments are exchanged. The income tax treaty aims to alleviate the burden of double taxation for

The Philippines Department of Finance (DoF) has released Revenue Regulations (RR) No. 1-2025, which amends section 9 (E) of RR No. 25-2003, has went into effect on 6 January  2025. The amendment updates the documentary requirements motor vehicle

The Congress of the Philippines has approved the Capital Markets Efficiency Promotion Act (CMEPA) on 5 February 2025. These tax measures include reducing the stock transaction tax rate from 0.6% to 0.1% and cutting the documentary stamp tax on

The Philippine Board of Investments (BOI) has announced a series of public consultations for the Draft 2025 Strategic Investment Priority Plan (SIPP). These consultations are scheduled to occur in three key locations: Quezon City on 31 January

The Philippines’ Bureau of Internal Revenue (BIR) has released Revenue Regulation 003/2025, providing a comprehensive guide on implementing value-added tax (VAT) for digital services under Republic Act No. 12023. The regulation also defines the

The Cabinet of Ministers of the United Arab Emirates approved for ratification the income tax treaty with Bahrain on 2 January 2025. Earlier, the Bahrain Council of Representatives approved the ratification of the income tax treaty with the