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Philippines: Selected Issues

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  • International Monetary Fund

Abstract

This article is an empirical analysis on tax collections in the Philippines. The tax system is characterized by a rule of tax incentives provided by 13 investment agencies. Tax collections showed regular growth. The GDP ratio increased from 12.1 percent (2009) to 12.8 percent (2012), but the revenue-to-GDP ratio was low to fill large gaps for education, health, and infrastructure; therefore the authorities encompassed the sin taxes (alcohol and tobacco excises). The most important source of income for the Philippines is the labor export. This large-scale labor emigration fetches a sufficient amount of annual inflows of more than 9 percent of GDP.

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  • International Monetary Fund, 2013. "Philippines: Selected Issues," IMF Staff Country Reports 2013/103, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/103
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    References listed on IDEAS

    as
    1. Ernesto M. Pernia, 2011. "Is labor export good development policy?," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(1), pages 13-34, June.
    2. Adolfo Barajas & Ralph Chami & Dalia Hakura & Peter Montiel, 2011. "Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 45-99, January.
    3. repec:ilo:ilowps:411223 is not listed on IDEAS
    4. Ms. Dalia S Hakura & Mr. Ralph Chami & Mr. Peter J Montiel, 2009. "Remittances: An Automatic Output Stabilizer?," IMF Working Papers 2009/091, International Monetary Fund.
    5. Ducanes, Geoffrey. & Abella, Manolo I., 2008. "Overseas Filipino workers and their impact on household poverty," ILO Working Papers 994112233402676, International Labour Organization.
    6. Mr. Robert M Burgess & Mr. V. Haksar, 2005. "Migration and Foreign Remittances in the Philippines," IMF Working Papers 2005/111, International Monetary Fund.
    7. Adolfo Barajas & Ralph Chami & Dalia Hakura & Peter Montiel, 2011. "Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 45-99, January.
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    Cited by:

    1. Tchantchane, A. & Rodrigues, G. & Fortes, P.C., 2013. "An Empirical Study on the importance of Remittance and Educational Expenditure on Growth: Case of the Philippines," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 173-186.

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