Business groups support Philippines’ QDMTT push (opens original article in a new tab)

Business groups in the Philippines support the government's QDMTT plan to retain tax revenues but stress the need for careful implementation to maintain investment attractiveness.

• Business groups support the Philippines' QDMTT implementation to strengthen taxing rights but emphasize careful execution to avoid deterring investment.
• QDMTT is part of OECD's Pillar Two to ensure multinationals pay at least 15% tax in the country where they operate.
• The Philippines aims to enroll in QDMTT next year with collections starting in 2028, requiring clear legislation and inter-agency coordination.