This Guide has been prepared for the assistance of those interested in doing business in the Philippines. It does not cover exhaustively the subjects it treats but is intended to answer some of the important, broad questions that may arise. When specific problems occur in practice, it will often be necessary to refer to the laws, regulations, and decisions of the country and to obtain appropriate accounting, tax, and legal advice.
The material contained in chapters 1 to 12 of this Guide was initially assembled on 31 December 2012. The taxation material (chapters 13 to 24) has been revised to reflect changes introduced by tax laws and regulations which took effect as of the first quarter (Q1) of 2013. Moreover, whenever available, some data in this Guide were also updated to reflect 2013 Q1 figures. Thus, unless otherwise indicated, it is generally based on information available at 31 December 2012.Disclaimer