Philippines : Selected Issues

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

April 18, 2013

Electronic Access:

Free Full Text (PDF file size is 964 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule of tax incentives provided by 13 investment agencies. Tax collections showed regular growth. The GDP ratio increased from 12.1 percent (2009) to 12.8 percent (2012), but the revenue-to-GDP ratio was low to fill large gaps for education, health, and infrastructure; therefore the authorities encompassed the sin taxes (alcohol and tobacco excises). The most important source of income for the Philippines is the labor export. This large-scale labor emigration fetches a sufficient amount of annual inflows of more than 9 percent of GDP.

Series:

Country Report No. 13/103

Subject:

English

Publication Date:

April 18, 2013

ISBN/ISSN:

9781484301067/1934-7685

Stock No:

1PHLEA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

26

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