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The A-List: Philippine’s Top Lawyers 2024

The Philippines continues to showcase solid macroeconomic fundamentals, retaining its net creditor status within the International Monetary Fund’s financing operations. The dynamic tax landscape in 2024 is shaped by key legislations such as the amended Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law and the Ease of Paying Taxes Act. These two laws emphasise modernised, equitable tax administration. The CREATE Law has attracted more than PHP1.2 trillion, demonstrating the government’s efforts to facilitate a conducive business growth and economic development environment.

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Asia Business Law Journal

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