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Philippines, Cambodia to sign double taxation agreement

Philippines, Cambodia to sign double taxation agreement
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PHL, Cambodia finish draft of double taxation accord | Reine Juvierre Alberto

THE Philippines and Cambodia have concluded the draft of a double taxation agreement (DTA) which aims to eliminate the burden of being taxed twice on the same source of income and prevent tax evasion and avoidance.  The Department of Finance (DOF) said in a statement on Friday that it convened…

VAT refund for alien tourists to yield P5 7 billion

THE Philippine economy stands to gain as much as P5.7 billion annually if the government would implement a value-added tax (VAT) refund scheme for foreign tourists, according to the National Economic and Development Authority (Neda). At a Senate hearing on Wednesday, Neda Undersecretary Rosemarie G. Edillon disclosed that based on…

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