OBG, law firm dissecting TRAIN 2

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The global research and consultancy firm Oxford Business Group (OBG) and the law firm Villaraza and Angangco plan dissecting the proposed Tax Reform For Acceleration Law (TRAIN) 2, also known as the Trabaho bill and look in detail at its implications for international companies eyeing the country’s investment opportunities.

“The Report: The Philippines 2019” will analyse the impact that the second tax reform package is expected to have on businesses operating in the country’s special economic zones, where a number of incentives are set to be removed.

Other key aspects of the reforms set to be examined will include the decision to reduce the rate of income tax for smaller-sized enterprises from 30 percent to 20 percent in a bid to support their expansion and create new jobs.

OBG’s report will also provide in-depth coverage of the newly formulated National Intellectual Property Strategy (NIPS), which has been devised to improve intellectual property regulations — a key issue for the Philippines’ business process outsourcing firms and fast-growing creative industries.

In addition, the publication will map out the compliance, registration and capitalization criteria for investors keen to find out more about the openings in the country’s mining and energy sectors. Other topical issues earmarked for analysis include the government’s plans to issue a telecommunication licence — the country’s third — to a new operator.

Villaraza & Angangco (V&A) Law has signed a second memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the legal firm will help OBG to research and produce the Law chapter of “The Report: The Philippines 2019,” while contributing to additional analysis provided by the Group.

After the signing, Alejandro Alfonso E. Navarro, managing partner, V&A Law, said the firm looks forward to providing a thorough legal analysis on developments in commercial law, culled from its lawyers’ extensive experience assisting clients in adapting to or preparing for them.

“The OBG’s Report assists both entities doing business in the Philippines and potential investors in understanding critical changes in the country’s legal and regulatory landscape. We want to ensure that their understanding is both accurate and comprehensive, and we believe that analysis based on our firm’s experience with corporations and transactions of varying scales across impacted industries will allow for just that.”

Charlotte Van Camp, OBG Country Director in the Philippines, said V&A Law’s input was especially welcome, given the scale of legislative and regulatory reforms under way or in the pipeline.

“Both business leaders already based in the Philippines and others considering it as an investment destination will want to ensure they have the latest information on the country’s changing legal framework to hand when making their decisions,” she said. “V&A Law’s experience and expertise across the legal spectrum will undoubtedly enrich our coverage and I’m thrilled that our readers will once again benefit from the firm’s input.”

“The Report: The Philippines 2019” will mark the culmination of more than six months of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.

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