Announcement
08 Nov 2024
In November 2024, the government of the Philippines established several tax measures to spur foreign investment under the CREATE MORE Law.
Source
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Number of interventions
5
2 certainly harmful
0 likely harmful
3 liberalising
List of interventions
Implementation date
23 Nov 2024
Revocation date:
No revocation date
Announced: 08 Nov 2024
FDI: Financial incentive
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, granting a tax incentive to foreign investment on domestic enterprises with at least PHP 15 billion (USD 255 milli...
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Announced: 08 Nov 2024
Internal taxation of imports
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, providing VAT exemptions on imports of goods conducted by registered export enterprises whose export sales are at ...
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Announced: 08 Nov 2024
Internal taxation of imports
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, providing VAT exemptions on imports conducted by domestic enterprises with at least PHP 15 billion (USD 255 millio...
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Implementation date
23 Nov 2024
Revocation date:
No revocation date
Announced: 08 Nov 2024
Tax or social insurance relief
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, granting a tax concession to domestic enterprises with at least PHP 15 billion (USD 255 million) in foreign invest...
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Announced: 08 Nov 2024
Tax-based export incentive
In force
On 8 November 2024, the government of the Philippines issued Republic Act No. 120661, granting a tax-based export incentive to domestic enterprises with at least USD 100 million in export sales and re...
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Liberalising Trade Policy Measures
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This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.
Published: 04 Sep 2024
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194
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