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Speeding Business Application Processes in the Philippines

dc.contributor.authorTed Padova
dc.description.abstractBusiness license renewals and business taxes have been prime revenue sources for Local Government Units (LGU) and the Government of the Philippines. Each year, every city or municipality collects fees for business licenses and their renewal as well as income taxes imposed on employees. The Bureau of Internal Revenue’s (BIR) collections account for approximately 68% of the national budget. A national priority is to ease the process of acquiring or renewing business licenses. In 1992, DTI established the National Economic Research and Business Assistance Center (NERBAC) through Republic Act 7470 to fast-track investment inflows and strengthen the country’s business and investment climate. The Center aims to ease the start-up of businesses. However, by 2006, NERBAC had not achieved much in terms of facilitating investment: the World Competitiveness Report of the same year revealed that the Philippines ranked 49 out of 60 countrie
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleSpeeding Business Application Processes in the Philippines
dc.subject.expertTrade Finance
dc.subject.expertRisk Financing
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Finance
dc.subject.expertInfrastructure Financing
dc.subject.expertFinancing of Infrastructure
dc.subject.expertFinancial Security
dc.subject.expertFinancial Intermediation
dc.subject.expertFinance And Trade
dc.subject.expertEnterprise Financing
dc.subject.expertTrade Regulation
dc.subject.expertTrade Finance
dc.subject.expertRegional Trade Agreements
dc.subject.expertGeneral Agreement On Tariffs And Trade
dc.subject.adbBusiness Financing
dc.subject.adbInvestment Requirements
dc.subject.adbCapital Needs
dc.subject.adbTax Incentives
dc.subject.adbProject Risks
dc.subject.adbTariff agreements
dc.subject.adbCustoms convetions
dc.subject.adbImport policy
dc.subject.adbExport policy
dc.subject.naturalUse tax
dc.subject.naturalTax administration and procedure
dc.subject.naturalTaxing power
dc.subject.naturalEffect of taxation
dc.subject.naturalBusiness enterprises
dc.subject.naturalForeign trade and employment
dc.subject.naturalMentoring in business
dc.subject.naturalTrade routes
dc.title.seriesKnowledge Showcase
dc.contributor.imprintAsian Development Bank
oar.adminregionSoutheast Asia Region
oar.authorPadova, Ted

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  • ADB Knowledge Showcases
    The Asian Development Bank’s (ADB) Knowledge Showcases series highlights innovative ideas, creative solutions, or good practices resulting from the projects, technical assistance, and other initiatives of ADB. It aims to draw readers to delve deeper into the back story of the project, promote further discussion and research, and ultimately encourage replication and expansion where applicable.

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