Philippine President Ferdinand Marcos on Monday trimmed corporate taxes and offered more fiscal incentives under a new law aimed at drawing more foreign investments.
The move reduces the corporate income tax to 20 per cent from 25 per cent and allows firms to adopt 鈥榳ork-from-home鈥� arrangements for up to half their workforce, among others.
Foreign direct investment to the Philippines reached $6.2 billion last year, according to United Nations Conference on Trade and Development data.
