IMF Working Papers

Tax Incentives in The Philippines: A Regional Perspective

By Nigel A Chalk

November 1, 2001

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Nigel A Chalk. Tax Incentives in The Philippines: A Regional Perspective, (USA: International Monetary Fund, 2001) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The Philippines is faced with a policy dilemma in the area of corporate taxation. On the one hand, the country has, over the past few years, witnessed a decline in revenue as a share of output. On the other, it is operating in an increasingly competitive regional market for foreign direct investment. In order to remain competitive, the Philippines offers a broad array of fiscal incentives to entice inward investment and pursue the country's development goals. This paper looks at the fiscal incentives available in the Philippines, compares them with those available in the ASEAN region, and with the evidence on the efficacy of tax incentives in a global context. The paper provides some broad conclusions on the use of the various forms of tax incentives in the Philippines and on their administration.

Subject: Corporate income tax, Investment incentives, National accounts, Tax allowances, Tax holidays, Tax incentives, Taxes

Keywords: Accelerated depreciation, Companies expense, Corporate income tax, Corporate tax incentives. ASEAN., Double taxation, Duty drawback, Economic zone, Footloose company, Global, Import duty, Investment decision, Investment incentive, Investment incentives, Location decision, Personal income, SEZ enterprise, Tax allowances, Tax holidays, Tax incentives, WP

Publication Details

  • Pages:

    41

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2001/181

  • Stock No:

    WPIEA1812001

  • ISBN:

    9781451859195

  • ISSN:

    1018-5941

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