The Philippine Tax Landscape: Navigating Changes, Unpacking Developments with Atty. Euney Marie Mata Perez

Our Managing Partner, Atty. Euney Marie Mata Perez, delivered a lecture on “Philippine Tax Developments” last November 6, 2026 at the ITSG World Conference in Tokyo, Japan. This conference was held at Conrad hotel in Tokyo from November 4 to 6, 2026.

The lecture provided a comprehensive overview of the major tax reforms in the Philippines, highlighting recent legislative developments and significant tax laws that continue to shape the country’s taxation system.

Among the laws discussed was Republic Act No. 12066 also known as CREATE MORE Act. The CREATE MORE Act aims to attract more investments by providing tax incentives to qualified businesses and simplifying certain tax processes, ultimately generating jobs and spurring economic growth.

She also discussed Republic Act No. 12023 also known as VAT on Digital Service. The law requires both local and foreign digital service providers to pay 12% VAT on digital services consumed in the Philippines. This covers services such as online subscriptions, streaming platforms, cloud services and digital advertising. The measure aims to ensure fair tax treatment between local and foreign digital businesses and generate additional government revenue. Furthermore, she highlighted major tax issuances in 2026 including improved audit selection, regulations on e-invoicing, power relief issuances and administrative abatement.