Fitch Ratings Philippines predicts less competition between traditional banks and digital banks in the country.
Kyle Fuego
The Senate is pushing for the approval of two measures to provide faster, safer, and more efficient digital transactions with the public sector in the Philippines.
The House of Representatives approved a bill that exempts donations and rewards given to Philippine athletes from tax and other fees.
House Ways and Means Committee Chair Joey Salceda expects a quick passage of the Philippine Offshore Gaming Operators (POGO) tax reform bill after Congress adopts its Senate version.
The Bangko Sentral Ng Pilipinas (BSP) is likely to lift the limit on the number of allowed digital banks in the Philippines.
he Philippine Exporters Confederation (Philexport) calls on the government to clarify and ensure that the implementation of the 12% VAT on indirect imports does not become a burden for exporters and micro, small, and medium enterprises (MSMEs).
On Monday, June 14, the Bangko Sentral ng Pilipinas (BSP) announced an increase in applications from entities seeking to enter the newly created digital banking space in the Philippines as more consumers shift from traditional to electronic channels.
Keeping track of your business transactions and expenses is a crucial part of running your own business. Regularly tracking your expenses allows you to ease your procedures when tax season comes around.
The Philippine Congress recently passed a measure that extends the estate tax amnesty deadline by two years. Senator Juan Edgardo Angara welcomed the House of Representatives’ adoption of the Senate Bill (SB) No. 2208, which carries the amendments to Republic Act (RA) No. 11213, also known as the Tax Amnesty Act of 2019.
The Bangko Sentral ng Pilipinas (BSP) is seen to maintain low interest rates until the end of 2021 as loan disbursements of banks continue to shrink due to the persisting COVID-19 pandemic.