Fiscal incentives are one of the instruments in a country`s development and investment promotion strategies. In the Philippines, the bill on the rationalization of fiscal incentives for investments to further shore up government collections has been certified a priority measure by the Aquino administration. This bill aims to rationalize fiscal incentives across industries to improve transparency, further bolster revenues, and level the playing field. This Policy Note examines two Senate bills being proposed to provide significant improvements to the current fiscal incentive regime in the country.
