#economic reform

So, the small Facebook online seller will not be taxed, I guarantee you." Taxation reform along these lines is not new. One major international development would be the Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy from the Organisation for Economic Co-operation and Development (OECD), issued in October 2021. Amendments to the Electric Power Industry Reform Act - electricity is a necessity in today's level of technological advancement, and these amendments are intended to help improve the nation's energy industry. In a joint statement, at least 13 local business groups and foreign chambers have urged Congress to pass key economic reform bills that are yet to be ratified under the administration of President Rodrigo Duterte. New Economic Reform Bills: Impact on PH Tech To recall, Congress would return to session by May 23 and would have sine die adjournment by June 3, after which the next session would be held under the next administration. Which economic reform measures are still pending, and how may they be expected to influence the technology sector, whether they hurdle the legislature in the near future or wait to be refiled in the next Congress? A Creative Industries Investment Priority Plan will also be implemented based on economic and technical factors to ascertain activities in the creative industry which may qualify for fiscal incentives. Read more in our articles including "Tech Bills to watch out in the 19th Congress" and "New Economic Reform Bills: Impact on PH Tech".