Philippines ratifies Convention on Mutual Administrative Assistance in Tax Matters, enhancing tax evasion fight.

The Philippines has ratified the Convention on Mutual Administrative Assistance in Tax Matters, enhancing its ability to fight tax evasion. This agreement, signed by 147 countries, allows for data exchange and collaboration on tax assessments with over 100 partners. It aims to improve tax administration and supports the Bureau of Internal Revenue's efforts against tax evaders while safeguarding taxpayer confidentiality and privacy rights.

September 12, 2024
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