Govt urged to review taxation, incentives

The government should consider implementing a simplified taxation system and review its incentives program to improve the country’s business environment, speakers at The Manila Times 3rd Business Forum said.

IMF Resident Representative Shanaka Jayanath Peiris said the present tax perks system had made doing business in the Philippines difficult, particularly for the small and medium enterprises (SMEs) that account for most of businesses in the country.