The Philippines government is reportedly planning to enter into negotiations to revise the 1981 tax treaty with Indonesia, the 1982 tax treaty with Malaysia, and the 1977 tax treaty with Singapore.

The agreement between the Philippines and Indonesia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed in Manila on 18 June 1981. It entered into force on 20 May 1982, the thirtieth day following the exchange of the relevant instruments of ratification in Jakarta, Indonesia on 19 April 1982.

The agreement between the Philippines and Malaysia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed in Manila on 27 April 1982. It entered into force on 27 July 1984, upon the exchange of the relevant instruments of ratification in Kuala Lumpur, Malaysia on that date. Its provisions on taxes apply on income derived or which accrued beginning 1 January 1985.

The Philippines and Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed in Manila on 1 August 1977. It entered into force on 16 November 1977, upon the exchange of the relevant instruments of ratification in Singapore, Singapore on that date. Its provisions on taxes apply on income derived or which accrued beginning 1 January 1977.

A tax treaty, also referred to as a Double Tax Agreement (DTA), is a bilateral agreement between two countries designed to address issues related to double taxation on both passive and active income of their citizens. These treaties typically outline the amount of tax each country can impose on a taxpayer’s income, capital, estate, or wealth.