The Department of Labor and Employment’s (DOLE) DO 174 was a massive disappointment for workers who were seeking an end to contractualization, or what’s commonly known as “Endo.” While “Endo” practice, which has been around for decades, is not written into the outdated Labor Code, it’s a widely accepted practice that places workers in situations where their rights and benefits aren’t protected by the law.
Tax Reform is high on the Duterte Administration’s agenda. In a near unanimous majority, and after the consolidation of 55 separate bills, House Bill 5636, or the Tax Reform for Acceleration and Inclusion or “TRAIN” was approved by Congress on May 15. House Bill 5636 is not the law, yet.
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After months of consultation and research, the Department of Labor and Employment of the Philippines through Secretary Silvestre Bello III signed the new contractualization order which hopes to regulate contractualization and protect workers rights in the country.
The approval of the 2017 Philippine Investment Priorities Plan (IPP) by President Rodrigo Duterte has prompted investors to revisit opportunities in establishing and expanding businesses within and outside Metro Manila. It would be to any business’ advantage to consider maximizing the incentives provided by the BOI and DTI through the 2017 Investment Priorities Plan.
The Bureau of Internal Revenue has issued new procedures to claim preferential tax treaty benefits for nonresidents covered by tax treaties signed by the Philippines with other countries. Non-residents may now enjoy preferential withholding tax rates for dividends, interest, and royalty earnings from domestic sources.
The new law, RA10881, approved and enforced in the third quarter of 2016, has allowed foreign investors to have full ownership of finance companies in the Philippines.
One sided lease agreements in the Philippines are the rule of thumb and don’t imagine for a second that they are in favor of the lessee. Maybe it is because the lessors are paying the legal fees.
The Philippines and Australia have agreed to increase bilateral trade and investments during the 4th Philippines-Australia Ministerial Meeting (PAMM).
The Philippines is one of the major cruise destinations in Asia. Several factors make the country an attractive cruise destination, and the Philippine government has laid out plans for implementing major improvements in the country’s cruise tourism gateways.