Investment Incentives and Effective Tax Rates in the Philippines.

We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while inv...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Klemm, Alexander
Other Authors: Botman, Dennis P. J., Baqir, Reza
Format: Electronic eBook
Language:Inglés
Published: Washington : International Monetary Fund, 2008.
Series:IMF Working Papers.
Subjects:
Investment tax credit > Philippines.
Tax incentives > Philippines.
Corporations > Taxation > Philippines.
Crédit d'impôt à l'investissement > Philippines.
Encouragements fiscaux > Philippines.
Sociétés > Impôts > Philippines.
Corporations > Taxation
Investment tax credit
Tax incentives
Philippines
Online Access:Texto completo
Description
Summary:We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays are most attractive for very profitable firms, creating redundancy, and for investment in short-lived assets. We also consider recently-proposed tax reforms that would replace tax holidays by a reduced corporate income.
Item Description:Appendix: Derivation of Effective Tax Rates.
Physical Description:1 online resource (36 pages)
ISBN:9781451915181
1451915187
1462328555
9781462328550
1452756147
9781452756141
1282841580
9781282841581
9786612841583
6612841583
1451870655
9781451870657

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