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Philippines See Stronger Economic Cooperation With US In Post-pandemic Recovery

MANILA, PHILIPPINES The Philippines expressed confidence that bilateral relations with the United States will go further as the world is begins to recover from the Covid-19 pandemic, Trade Secretary Ramon Lopez said during the virtual Philippines-United States Business Dialogue. “We are confident that these continuing conversations will further strengthen ties between our two nations, which is needed as we all need to work together to support the world’s post-pandemic recovery,” Secretary Lopez said during the dialogue organized by the Philippine Trade and Investment Centers in the United States and the Board of Investments, in line with the celebration of the 75 years of Philippines-United States relations with the theme: “Cooperation for Post-Pandemic Recovery”. In his welcome remarks, Philippine Ambassador to the US Jose Manuel Romualdez emphasized that “This dialogue is a follow-up to our virtual economic briefing in April and is part of our continuing efforts to c

PEZA seeking VAT deferment on local purchases of locators – Manila Bulletin

Published June 30, 2021, 7:00 AM The Philippine Economic Zone Economic Zone Authority (PEZA) has appealed to the Department of Finance (DOF) for a status quo on the zero value added tax rating on local purchases of economic zone locators. PEZA Director General Charito B. Plaza made this appeal to DOF Secretary Carlos G. Dominguez III following the issuance by the Bureau of Internal Revenue of Regulation (RR) No. 9-2021, imposing a 12 percent VAT from zero-VAT rating on ecozone locators’ local purchases. PEZA Director General Charito B. Plaza RR 0-2021 was issued June 9 only this year and was supposed to take effect on the 27th this month.

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