Philippine International Tax and Investment Roadshow held in Korea

The activities were conducted as part of the 2024 International Tax and Investment Roadshow, co-organized by the DTI, PTIC-Seoul, Asian Consulting Group (ACG), Banco de Oro (BDO), and Unibank Group.

The lead resource person for the roadshow Mr. Ramon Abrea, Chief Tax Adviser of ACG, made presentations on the Philippines as an investment destination, highlighting the country's positive macroeconomic performance, an overview of PH's investment grade credit ratings, emerging industries, salient features of the Ease of Doing Business Act (EODB), tax policy reforms such as the Comprehensive Tax Reform Program (CTRP), the Ease of Paying Taxes Act (EOPT), the Strategic Investment Priority Plan (SIPP) as well as fiscal and non-fiscal incentives for foreign investors. BDO likewise contributed presentations on the key economic indicators for the country.

Tax and investment presentations were held at the ASEAN Korea Centre on 26 March 2024 with participants coming from various companies with investments in the Philippines, Korean locators, and companies with ongoing and future projects mainly in the E&C sector. A similar presentation was made before the CEOs of member companies of the Korea Resource Recycling Confederation or KRCG. KRCG members including those involved in waste management, waste-to-energy, upcycling, and related green technology.

Philippine Ambassador Theresa Dizon-de Vega and PTIC Commercial Counsellor Jose Ma. Dinsay were likewise on hand to introduce the major elements of the recently signed PH-ROK Free Trade Agreement and possible investment areas.

PTIC-Seoul and ACG likewise met with specific industry clusters to explain the taxation and incentives system for foreign investors in the Philippines. END