The piece examines the Philippines' economic landscape in 2024, highlighting the nation's macroeconomic stability and its status as a net creditor within International Monetary Fund operations.
The article discusses two significant legislative developments shaping the tax environment: the amended Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law and the Ease of Paying Taxes Act. These measures emphasise modernised, equitable tax administration.
The CREATE Law has demonstrated substantial economic impact, attracting more than PHP1.2 trillion, reflecting governmental initiatives to foster business expansion and economic growth.