In a statement, the Treasury said it would implement a streamlined tax treaty procedure for non-resident investors of government securities.
The move is part of the government's efforts to attract foreign participation in the securities market and strengthen the domestic capital market.
Finance Secretary Ralph Recto said the streamlined procedure is one of the many reforms underway to boost the Philippine capital market and reinforce its competitiveness.
"We are confident that more foreign investors will seize the opportunity to invest in our government securities, which would enhance market liquidity," Recto said.
This story is from the November 13, 2024 edition of The Philippine Star.
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This story is from the November 13, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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