Export-oriented enterprises may seek refunds on VAT paid for eligible local purchases and importations while their zero-rating certifications remain pending.
Workers and businesses are expected to benefit from stronger government support as DEPDev pursues sustainable employment opportunities and broader economic growth.
President Ferdinand Marcos Jr.’s economic team presented trade and investment opportunities in the Philippines during an economic briefing held in Hong Kong.
Vocational training improvements gained cabinet-level support as part of efforts to make Filipino graduates more job-ready after completing their programs.
Nationwide consultations have been launched by the DOF to gather stakeholder views before shaping proposed tax reforms for individuals and small businesses.
Resilient exports and stable remittance inflows continue to support the Philippine economy, but AMRO says structural reforms remain necessary for stronger growth.