Latest Treaty Updates: Philippines


Treaty Update: Philippines - Various

22/12/2015

The Philippines Senate on December 14, 2015, approved a law to ratify DTAs with Turkey, Italy, and Germany.


Treaty Update: Philippines - Various

3/6/2015

The Philippines' pending DTA with Germany and a Protocol with Italy were discussed at the May 20, 2015, subcommittee meeting of the Philippines' Committee of Foreign Affairs, as part of the nation's domestic ratification procedures.


Treaty Update: Mexico - Philippines

7/1/2015

Mexico and the Philippines held DTA negotiations over five days, concluding on December 19, 2014.


Treaty Update: Philippines - Italy

10/12/2013

The Government of the Philippines on December 9, 2013, confirmed the signing of a DTA Protocol with Italy.


Treaty Update: Germany - Philippines

3/10/2013

The German Embassy in Manila announced on September 30, 2013, that Germany and the Philippines signed an updated DTA.


Treaty Update: Philippines - Germany

13/9/2013

The Philippines and Germany signed an agreement on September 9, 2013, to revise the terms of their existing DTA.


Treaty Update: Nigeria - Philippines

15/8/2013

According to preliminary media reports, Nigeria and the Philippines agreed at two-day meetings concluding on July 29, 2013, to commence negotiations towards amending the DTA the nations signed in 1997.


Treaty Update: Philippines - Luxembourg

15/7/2013

In meetings between the Philippines' Foreign Affairs Secretary, Albert del Rosario and Luxembourg's Deputy Prime Minister and Foreign Affairs Minister, Jean Asselborn on July 10, 2013, representatives from the Philippines expressed their desire to enter into negotiations towards the conclusion of a DTA or a tax information exchange agreement.


Treaty Update: Philippines - Thailand

25/6/2013

The Philippines and Thailand signed a DTA during two-day meetings concluding on June 21, 2013.


Treaty Update: France - Philippines

13/2/2013

According to preliminary media reports, the Protocol to the France-Philippines DTA entered into force on February 1, 2013.


Treaty Update: Philippines - Various

29/1/2013

The Philippine Senate ratified three double tax agreements signed the Philippines with France, Qatar and Kuwait on January 22, 2013.


Treaty Update: Philippines - Various

24/12/2012

Legislation was laid before the Philippines Senate on December 19, 2012, to ratify a Protocol to the Philippines-France DTA, and new DTAs with Qatar and Kuwait.


Treaty Update: France - Philippines

5/12/2012

France ratified on November 29, 2012, the DTA signed with the Philippines in Manilla on November 25, 2011.


Treaty Update: Germany - Philippines

26/7/2012

The government of the Philippines has confirmed that a draft DTA between Germany and the Philippines was agreed at a fourth round of negotiations held on July 20, 2012. It has been agreed the pact will be signed in early 2013.


Treaty Update: Philippines - Thailand

23/1/2012

The Philippines and Thailand are expected to sign a draft DTA at their next official meeting, according to the comments made by the Thai Prime Minister Yingluck Shinawatra during a meeting with the Philippine President on January 19.


Treaty Update: Philippines - France

3/6/2011

According to the Philippino government, an amendment to the existing treaty has been agreed "in principle", which would permit the exchange of information to international standards.


Treaty Update: Philippines - France

2/6/2011

The DTA should be signed following its translation into French. The amendment incorporates the legislative changes made by the Philippines last year intended for it to meet the OECD standard for the exchange of tax information.




Treaty Updates by Territory


Latest News


Phlippines Ratifies Tax Treaties 17/12/2015
Legislation for the ratification of double tax avoidance treaties between the Philippines and the governments of Germany, Italy, and Turkey has been approved by the Filipino Senate.

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Philippines, US Sign FATCA Agreement 14/7/2015
On July 13, 2015, Philippines Finance Secretary Cesar Purisima and the US Ambassador to the Philippines, Philip Goldberg, signed an inter-governmental agreement to facilitate compliance with the US Foreign Account Tax Compliance Act.

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Philippines Discusses Tax Policy In ASEAN Context 18/11/2014
The Philippines' Department of Finance recently hosted an international tax forum for tax officials and experts from the region to discuss tax policy and enforcement strategies.

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Philippines Signs Multilateral Tax Assistance Convention 1/10/2014
The Philippines has become the 68th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, when, in Paris on September 26, it was signed by Bureau of Internal Revenue Commissioner Kim Jacinto Henares.

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Philippines Welcomes Removal From Italian 'Black List' 11/12/2013
The Philippines Government has welcomed the signing on December 9 of a protocol to its existing double taxation agreement with Italy, which should signify that the Philippines will be taken off the "black list" of countries that Italy considers to be tax havens.

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Philippines Welcomes Removal From French Blacklist 4/9/2013
The Philippines has welcomed its removal from the French list of Non-cooperative Countries and Territories in tax matters, following a recent decision by the French Ministry for the Economy and Finance.

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French Senate Backs Oman DTA Protocol 12/2/2013
The French Senate has recently adopted a bill authorizing the approval of a protocol to the bilateral agreement between France and Oman aimed at avoiding double taxation.

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Philippines, Germany Conclude DTA 26/7/2012
On July 20 at the German Federal Ministry of Finance in Berlin, following five days of talks, the Philippines and Germany concluded the third and final round of negotiations on the revision of their bilateral double taxation agreement.

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Philippines Parliament Approves Removal Of Airline Taxes 30/5/2012
The Philippines House of Representatives has approved, at a third and final reading, a bill which seeks to 'rationalize' the taxes on international air carriers, to boost tourism and enable the country to honour tax exemptions under tax treaties and other international agreements.

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India, Philippines To Revise DTA 18/10/2011
India’s Finance Minister Pranab Mukherjee has confirmed that there are on-going negotiations for a revision of the existing double taxation agreement between India and the Philippines.

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OECD Reviews Jurisdictions' Tax Transparency 2/6/2011
The Organisation for Economic Cooperation and Development has released a series of new Peer Review reports, covering the exchange of information for tax purposes, and making recommendations for improvements in this area.

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Philippines, France Agree DTA Amendment 9/5/2011
The Commissioner of the Philippines Bureau of Internal Revenue, Kim Henares, has disclosed that the Philippines and France have agreed an amendment to their existing double taxation agreement.

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Syria, Philippines Begin DTA Negotiations 6/5/2010
The Philippines government on May 4 commenced negotiations with Syria for the conclusion of a convention for the avoidance of double taxation and fiscal evasion.

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Philippines' Tax Information Exchange Law In Effect 29/3/2010
Joel Tan-Torres, the Commissioner of the Bureau of Internal Revenue, has said that the Philippines expects a more favorable listing from the Organization of Economic Cooperation and Development, following the coming into effect of a law allowing the exchange of tax information with other jurisdictions.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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