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The Philippines to Review Implementation of Common Carriers Tax on International Air and Sea Cargo Vessels

The Philippines Department of Finance has announced that it will review current revenue regulations on the common carriers tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure a level playing field and improve the country’s competitiveness in the global shipping and air cargo sectors. Currently, the common carriers tax is levied on international carriers at a rate of 3% on gross receipts on the transport of cargo, while the transport of passengers is exempt from the tax.

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