Brunei Darussalam and the Republic of Philippines have enjoyed warm bilateral relations which is reflected in the engagements in various areas that are mutually beneficial for the people and both countries. Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Second Minister of Finance and Economy highlighted the matter during the Signing of Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, DTA, at the Empire Brunei yesterday morning.
Signing on behalf of the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam was the Minister at the Prime Minister's Office and Second Minister of Finance and Economy, while the Republic of the Philippines was represented by The Honourable Carlos Garcia Dominguez the Third, Secretary of Finance of the Republic of the Philippines. The Agreement is a significant step forward in enhancing the economic, trade and investment cooperation especially through the private sectors of both countries as they will benefit from the reduction of the tax liability from each jurisdiction.
Source: Radio Television Brunei