July 20, 2024

Advancing Business Journey

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2024 International Tax and Investment Conference: Highlights and Key Takeaways

2 min read

Asian Consulting Group has successfully concluded the 2024 International Tax and Investment Conference on February 27 at the Sheraton Manila Hotel. 

The conference brought together over a hundred participants, including CEOs of various companies, presidents of international organizations, and key government representatives. The Asian Consulting Group delivered engaging presentations, offering potential resolutions for current developmental issues and providing valuable insights.

2024 International Tax and Investment Conference2024 International Tax and Investment Conference

The engaging presentations started with Ralph Van Doorn, Senior Economist of the World Bank Philippines, sharing the Philippine Economy Outlook. He highlighted the country’s resilience, which grew by 5.5 percent in the first three quarters of 2023, faster than peer countries in the region.

Informative sessions followed, featuring speakers from the Board of Investments, Philippine Economic Zone Authority, Anti-Red Tape Authority, and Securities and Exchange Commission. They emphasized the importance of collaboration in implementing programs and policies to attract investors, given the favorable amending laws. 

2024 International Tax and Investment Conference2024 International Tax and Investment Conference

Insights from the Department of Trade and Industry and Fintech Alliance Philippines followed, focusing on Online Transactions and Taxation in the Digital Economy. The discussions centered around making business transactions seamless and transparent, reflecting the need for adaptation in the modern landscape.

The conference addressed issues such as the ease of doing business, tax policy and administration reforms through digital transformation, and the adoption of OECD Pillar Two in the Philippines. 

2024 International Tax and Investment Conference2024 International Tax and Investment Conference

Connected to these discussions, insights from John Peterson, Acting Division Head at the OECD Centre for Tax Policy and Administration, and Jonathan Pemberton, Senior Adviser to the International Tax and Investment Center (ITIC), were shared regarding the ‘Global Minimum Tax.’ Through virtual presentation, they both emphasized the importance and potential benefits of it being implemented in the Philippines. 

2024 International Tax and Investment Conference2024 International Tax and Investment Conference

Furthermore, the highlight of the event was the official launch of Mon Abrea’s latest book, “Why Invest in the Philippines.” Abrea, shared insights on making smarter investment decisions, providing valuable information to foreign investors. Additionally, he announced the commencement of The 2024 International Tax and Investment Roadshow.

2024 International Tax and Investment Conference2024 International Tax and Investment Conference

For those interested in bulk orders of Mon Abrea’s book with exclusive discounts, please visit: 📙 http://tinyurl.com/CSR-WhyInvestinThePhilippines 

The book will also be launched in the 2024 International Tax and Investment Roadshow, which will visit 15 states and countries to promote investing and doing business in the Philippines.  

As the journey continues, Asian Consulting Group remains committed to making taxes a non-issue.

To ensure taxes are never a problem, consult with Asian Consulting Group for free at  https://acg.ph/consult-us.

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