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Philippines: Technical Assistance Report on Road Map for a Pro-Growth and Equitable Tax System

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  • International Monetary Fund

Abstract

The Technical Assistance Report on the Philippines’ road map for a pro-growth and equitable tax system is examined. Tax revenue has declined over the last decade in the Philippines owing to generous and expanding tax incentives, tariff rate reduction, deteriorating tax compliance caused by ineffective and inefficient revenue administration, and a gradual erosion of excise revenue owing to nonindexation. One of the key reasons for providing tax incentives in the Philippines is concern that the country needs to be competitive with other countries in the region to attract foreign direct investment.

Suggested Citation

  • International Monetary Fund, 2012. "Philippines: Technical Assistance Report on Road Map for a Pro-Growth and Equitable Tax System," IMF Staff Country Reports 2012/060, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/060
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    References listed on IDEAS

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    1. Prasetyono, Pipin & Wibowo, Agung, 2016. "Analysing Indonesia’s Foreign Direct Investment Policy Framework," MPRA Paper 97784, University Library of Munich, Germany.

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