Through the years, countries have developed a network of tax treaty agreements which provide tax residents of treaty countries income tax exemption or preferential tax treatment on foreign-sourced income. As a minimum requirement to avail of tax treaty benefits, an income earner must prove that it is a tax resident of the treaty country. This is done by presenting a tax residency certificate (TRC) issued by the tax authority of the home country.

The Philippines may miss its target of at least 6.5% economic growth this year after a resurgence of COVID-19 infections forced the capital into...

PRESIDENT Rodrigo R. Duterte will not certify as urgent the proposed third stimulus law, and will instead work to identify sources of stimulus funds that will not bust the 8.9% budget deficit cap, his spokesman said.

SPEAKER Lord Allan Jay Q. Velasco said economic managers are studying how to fund the proposed third stimulus package designed to revive the economy.

INQUIRIES from British companies have increased in the past six weeks mainly from meat and machinery companies, British Chamber of Commerce of the Philippines Executive Director Chris Nelson said.

AN ANIMAL disease research center will be established in Nueva Ecija to improve surveillance and of diseases likely to cross borders, such as African Swine Fever (ASF). 

ASIA-PACIFIC economies including the Philippines will experience a sluggish recovery in “contact-intensive” industries due to the continued surge in coronavirus infections, according to the International Monetary Fund (IMF).

THE DEPARTMENT of Energy (DoE) said Tuesday that commercial renewable energy (RE) market operations for off-grid areas remain suspended.

THE Mindanao Development Authority (MinDA) asked the government to allocate the southern islands at least 20% of the national budget next year to support agriculture and aquaculture projects which will improve livelihoods.

A THIRD ROUND of economic stimulus is likely to be enacted and Congress is currently exploring with economic managers how to fund it without adding to the budget deficit, including withdrawing retained earnings from government corporations, the chairman of the House of Representatives committee on ways and means said.

SOME BUSINESSES are choosing to remain closed until the end of April despite the loosening of quarantine restrictions, Trade Secretary Ramon M. Lopez said.

THE CAVITE government has extended the deadline for prospective bidders of the Sangley Point International Airport project to buy bid documents due to the quarantine restrictions imposed on the province.