Treasury streamlines tax treaty procedure
The Philippine Star|November 13, 2024
The Bureau of the Treasury has rationalized tax treaty procedures for government securities in a bid to boost the local capital market.
LOUISE MAUREEN SIMEON

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.

هذه القصة مأخوذة من طبعة November 13, 2024 من The Philippine Star.

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هذه القصة مأخوذة من طبعة November 13, 2024 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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