Tax Incentives Transparency Act

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Republic Act No. 10708: Tax Incentives Transparency Act

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Title Supreme Court: Tax Incentives Transparency Act

Law: Republic Act No. 10708

Decision Date: Dec 9, 2015

The Tax Incentives Management and Transparency Act (TIMTA) aims to promote fiscal accountability and transparency in the grant and management of tax incentives in the Philippines, requiring registered business entities to file tax returns electronically and submit annual reports, while government agencies are tasked with monitoring and analyzing tax incentives, and noncompliance may result in fines or cancellation of registration.

tax incentives

transparency

fiscal accountability

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