Philippines : Selected Issues

 
 
Publication Date: April 18, 2013
 
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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(s): Tax collection | Tax revenues | Revenue mobilization | Tax policy | Workers remittances | Capital inflows | Business cycles | Selected issues | Philippines

 
English
Publication Date: April 18, 2013
ISBN/ISSN: 9781484301067/1934-7685 Format: Paper
Stock No: 1PHLEA2013002 Pages: 26
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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