Thursday, April 18, 2024

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British Chamber seeks simplification of paying taxes and ease of doing business in Phl

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By Alithea De Jesus

Citing the economic and investment programs bared by President Ferdinanc R. Marcos, Jr., during SONA, British Chamber of Commerce Philippines’ Executive Director and Trustee Chris Nelson supports the Philippines’ roadmap for bringing in more investors to generate more job opportunities for the Filipino people.

In a TV interview, Nelson said the need oo continue the momentum of making the Philippines an investment destination, and suggested on behalf of the British Chamber the need to address what would play a critical role to woo more foreign investors which is the ease of doing business initiatives and simplification of tax.


“The simplification of the process in paying taxes which has being done by our ASEAN neighbors and made them attract a lot of foreign investors, and also the need to embark in the digitalization by investing and building infrastructure to make it happen,” Nelson said.

On the agri business sector, Nelson raised the importance of the Anti-Agricultural Smuggling Act to protect the local agricultural industry and farmers and ensure food security in the country.

In addition, Nelson emphasized the other programs and initiatives that strengthen UK-PH trade relations. These include the British Investment Partnerships, the Development Countries Trading Scheme DCTS launch, and the recent partnership of the UK’s Mobilist with the Philippine Stock Exchange. 

With the launch of UK Gaming Chairs in the Philippines last week to the upcoming Great British Festival next year, the British Chamber hopes to have more British businesses enter and invest in the Philippine market. Further, the British Chamber continues to reinforce the British business community’s presence in the country by promoting advocacies, and trade and investment opportunities.

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