PH and Brunei partners on DTA
Southeast Asian neighbors the Philippines and Brunei Darussalam have signed a double taxation agreement (DTA) to improve the exchange of trade and investments between the two countries.
Finance Secretary Carlos Dominguez said the DTA would get rid of holdups in the flow of goods and services between the two countries.
He added that the agreement would provide employment for Filipinos living in either country as the deal would urge investors to expand in the Philippines and give work opportunities to migrants in Brunei.
“This agreement serves us well as we bounce back from the ravages of the global health crisis. It will further ease trade in goods and services between our two countries… It will also strengthen our economic cooperation and enhance investment flows and economic activity across our borders,” Dominguez stated.
Related news
- BPO Office Stock To Dry Up In 2020 · 17 Jul 2019
- Philippines Rated World’s Third Best Country For Investment · 16 Jul 2019
- Open Access BPO Opens New Office, Upgrades Website · 16 Jul 2019
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
