| Description |
1 online resource (26 pages) : color illustrations |
| Series |
IMF country report ; no. 13/103 |
|
IMF country report ; no. 13/103.
|
| Contents |
Cover; Contents; TAX COLLECTIONS IN THE PHILIPPINES: AN EMPIRICAL ANALYSIS; A. Introduction and Main Findings; B. How Have Tax Revenue Collections Evolved Over Time?; FIGURES; 1. Composition of Tax Collections, 2011; 2. Tax Collections; 3. Adjusted CIT, PIT, and VAT Collections; 4. CIT, PIT, and VAT Collections and the Economy; 5. Excise Tax Collections; C. Decomposing Tax Collection Increases; 6. Import Duty; 7. Other Taxes; 8. Determinants of Tax Collections; 9. Decomposition of Tax Collection Growth; TABLES; 1. Size of the Residual Factor for 2011-12 |
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10. Size of Residual Factor for 2010-122. Size of the Residual Factor for 2011-12: Alternative Cases; APPENDIX; 1. Methodology and Tax Elasticity Estimates; References; FOREIGN WORKERS AND REMITTANCES IN THE PHILIPPINES: FACTS AND SOME MACROECONOMIC IMPLICATIONS; A. Introduction; B. Characteristic of Foreign Workers and Remittances; FIGURES; 1. Stock of Overseas Filipino Workers (In millions); 2. Stock of Overseas Filipino Workers; 3. Age Distribution Comparison; 4. Income Level of Home Region Versus Share in Overseas Filipino Worker Stock (2011); 5. Employment by Occupation (2000) |
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6. Employment by Occupation (2010)7. Share of Overseas Filipino Workers by Educational Attainment; 8. Remittances; 9. Average Remittances per Overseas Filipino Workers; 10. Country Distribution of Remittances; 11. Share of Overseas Filipino Worker Households Saving Remittances; 12. Share of Overseas Filipino Worker Households Purchasing Real Estate; 13. Growth of Working Age Population; C. Impact on Business Cycle; 14. Growth Volatility in ASEAN-4; 15. Remittances and Net Capital Inflows; 16. GDP and Remittances; 17. Capital Account Balance in ASEAN; 18. NEER in ASEAN |
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19. Consumption Volatility Comparison20. Remittances and Consumption; References |
| Summary |
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 |
| Notes |
Title from PDF title page (IMF Web site, viewed Apr. 22, 2013) |
|
"Prepared by the Asia and Pacific Department"--Page 2 of pdf |
|
"April 2013." |
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"March 14, 2013"--Page 2. of pdf |
| Bibliography |
Includes bibliographical references |
| Subject |
International Monetary Fund -- Philippines
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Tax collection -- Philippines
|
|
Revenue -- Philippines
|
|
Revenue
|
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Tax collection
|
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Philippines
|
| Form |
Electronic book
|
| Author |
International Monetary Fund.
|
|
International Monetary Fund. Asia and Pacific Department.
|
| ISBN |
1484374061 |
|
9781484374061 |
|
9781484301067 |
|
1484301064 |
| ISSN |
2227-8907 |
|
