SMEs paying 30% tax while big firms pay close to nil, DOF says
This is a huge issue which the government wants to correct.
Too many laws providing tax incentives and benefits to companies have essentially exempted big corporations from paying taxes, while the small fry suffer with the whopping 30 percent duty, the Department of Finance said.
In a statement, Finance Undersecretary Karl Kendrick Chua said most of the local firms paying the uniform corporate tax rate are small and medium enterprises, while their bigger counterparts enjoy a host of tax breaks.
“The present fiscal incentives system (in the country) has been suffering from policy overload such that there is now a proliferation of incentives laws granting tax and duty exemption privileges,” Chua said, pointing out that some companies even “double-dip” by availing of more than one set of perks under different laws.
The government gave away P104 billion worth of investment incentives in 2015 alone.
Chua sais bulk of these perks went to companies engaged in electronic manufacturing, followed by outsourcing services and logistics.
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
