Streamlined Tax Treaty Procedure para sa non-resident investors ng bansa, ipinatupad na
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NewsTranscript
00:00The Bureau of Treasury has now implemented the Streamlined Tax Treaty Procedure for non-resident investors of the country.
00:08According to the BTR, the Foreign Investors' request for the country's tax treaty scheme is far from being easier.
00:14Because of this, they no longer need to submit more tax documents to the investors
00:19in order to obtain tax treaty benefits, particularly for government securities income items.
00:25Investors also no longer need to repeat the application process for the new G.S. Income Event.
00:31This became possible due to the latest integration of the Streamlined Processed Tax Tracking System
00:38by the National Registry of Scriptless Securities,
00:41where they just need to complete the one-time process system of the agency
00:46in order to create a securities account that can automatically apply to all of their G.S. accounts.
00:53Meanwhile, according to Finance Secretary Ralph Recto,
00:55this is just one of the projects that will further strengthen the capital market of the Philippines.
01:01This will further strengthen the market liquidity of the country
01:05due to the easier process for investors.