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Philippines Selected Issues

This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule of tax incentives provided by 13 investment agencies. Tax collections showed regular growth. The GDP ratio increased from 12.1 percent (2009) to 12.8 percent (2012), but the revenue...

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Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Population & Demography
International Finance
Economic & Financial Crises & Disasters
Revenue Administration
Public Finance & Taxation
Taxes
Tax Collection
Corporations
Balance Of Payments
Exports And Imports
International Economics
Corporate Income Tax
Business Taxes And Subsidies
Taxation, Subsidies, And Revenue: General
Corporate & Business Tax
Corporate Taxation
Personal Finance -taxation
Tax Administration And Procedure
Taxation
Personal Income And Other Nonbusiness Taxes And Subsidies
Value-added Tax
Remittances
Public Finance
Spendings Tax
Income Tax
Financial Crises
Personal Income Tax
Philippines
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule of tax incentives provided by 13 investment agencies. Tax collections showed regular growth. The GDP ratio increased from 12.1 percent (2009) to 12.8 percent (2012), but the revenue-to-GDP ratio was low to fill large gaps for education, health, and infrastructure; therefore the authorities encompassed the sin taxes (alcohol and tobacco excises). The most important source of income for the Philippines is the labor export. This large-scale labor emigration fetches a sufficient amount of annual inflows of more than 9 percent of GDP.
Physical Description:26 pages
ISBN:9781484301067

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