Banking & Taxation

The Banking and Taxation Sector takes the lead in monitoring and formulating the business sector's position on finance and taxation legislations and issuances.

Pursuing the objective of ensuring that finance and taxation regulations are as simple, transparent and as business-friendly as possible, the Sector monitors legislations and policy decisions that affect/relate to the sector and crafts position papers as needed. Regular tax seminars are also organized to update the business community on the latest revenue regulations.

The Sector works closely with the Department of Finance, the Bureau of Internal Revenue, and Congress and is represented in the National Competitiveness Council's (NCC) Working Group on Improved Budget Transparency.

S5 Box