CROSS-SECTOR


Area of Concern Recommendation Status Action Taken Details
Enactment of a robust Customs Modernization and Tariff Act Enactment of a robust Customs Modernization and Tariff Act On-going We continue to closely monitor deliberations in both Houses of Congress on this priority bill.
15% corporate income tax for 15 years as an additional option, not a replacement to current fiscal incentives 15% corporate income tax for 15 years as an additional option, not a replacement to current fiscal incentives On-going
Improved future fiscal incentives regime Improved future fiscal incentives regime On-going
Non-removal of the provision for income tax holidays Non-removal of the provision for income tax holidays On-going
Publication of the reciprocity list by GPPB, inclusion of EU Member States Publication of the reciprocity list by GPPB, inclusion of EU Member States Not-applicable On December 16th 2014, the GPPB issued Resolution No. 34-2014 amending Section 23.5.1.2(b) of the IRR of RA 9184 and Section 7.2 of the Guidelines by removing reference to Annex "I". With this, the submission by the foreign bidder of a certification from the relevant government office of their country stating that Filipinos are allowed to participate in their government procurement for the same item/ product by the foreign bidder claiming eligibility is sufficient compliance to declare the bidder eligible. show details

PARTNER CHAMBERS IN THE PHILIPPINES