PHILIPPINE TEXTILE SUPPLY CHAIN CHALLENGED BY DUTERTE’S TAX REFORM PLANS
June 1st, 2017
THE PHILIPPINES’ House of Representatives (the lower house of the country’s Congress) on June 1 passed the first of four tax reform packages proposed by President Rodrigo Duterte which will have significant repercussions for Filipino textile sector supply chain.
Specifically, the package aims to widen the value-added tax (VAT) base by ending current exemptions for Philippines sales of raw materials and packaging materials to non-resident buyers and export-oriented enterprises, including a substantial share of the garment manufacturers in the ...
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