It takes more than “attractive” taxes to entice foreign investments in the Philippines, according to an expert at PricewaterhouseCoopers Philippines.
“You also need good infrastructure,” said Ma. Lourdes P. Lim, vice chairman and tax managing partner of the professional services company. “Don’t also change the rules of the game in the middle of the game.”
While Ms. Lim acknowledged the Bureau of Internal Revenue’s efforts in tax enforcement, she suggested the need for a balanced approach that considers the taxpayer’s history and financial capacity.
“More can be done…especially on the side of tax assessments and tax investigations,” she told BusinessWorld.
Interview by Patricia Mirasol
Video editing by Jayson Mariñas
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