Tax Incentives in The Philippines: A Regional Perspective

 
Author/Editor: Chalk, Nigel Andrew
 
Publication Date: November 01, 2001
 
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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.
 
Series: Working Paper No. 01/181
Subject(s): Tax incentives | Philippines | Association of Southeast Asian Nations | Economic models

Author's Keyword(s): corporate tax incentives. ASEAN
 
English
Publication Date: November 01, 2001
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1812001 Pages: 41
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