Business
Philippines Prepares for Rollout of Minimum Tax for Multinational Enterprises
The Philippines' Bureau of Internal Revenue (BIR) is preparing for the rollout of a proposed Qualified Domestic Minimum Top-Up Tax (QDMTT). This measure aims to ensure that large multinational enterprise (MNE) groups earning income in the Philippines are subject to a minimum effective tax rate, aligning with global efforts to combat tax avoidance.
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