Calgary, 7 June 2023 – The Philippine Consulate General (PCG) in Calgary and the Philippine-based Asian Consulting Group Inc. (ACG) held an online briefing on Philippine Investment and Taxation on 31 May 2023.

The event featured Mr. Mon Abrea, Founding Chairman of the ACG and Co-Chair of the Ease of Doing Business (EODB) Task Force on Paying Taxes, as the main  resource person.

 

An accomplished tax advocate and renowned tax expert in the Philippines, Mr. Abrea was recognized as one of the 2017 Outstanding Young Persons of the World, 2016 Digital Mover, one of the 2015 The Outstanding Young Men of the Philippines (TOYM), and an Asia CEO Young Leader because of his tax advocacy and expertise. He is also the founder of Tax Whiz PH mobile app.

 

Mr. Abrea gave an overview and forecast of the Philippine economy. He identified  the sectors driving the country's economic growth and discussed the eight-point socio-economic agenda of the Philippines under the Marcos Administration.

He encouraged overseas Filipinos and the Canadians to consider investing in the Philippines through investment instruments, such as the Real Estate Investment Trust (REIT), stocks, treasury bills, bonds, MP2 savings, and the Personal Equity Retirement Account (PERA).

He then cited the laws, such as the Foreign Investment Act and the Public Service Act, that are now in place to make doing business in the Philippines much easier. The Comprehensive Tax Reform Program, the TRAIN Law, and CREATE Law have also brought major reforms in the country’s tax system.

“We hope that through Mr. Abrea's presentation, we could encourage more Canadian companies and Filipino-Canadians to invest in the Philippines,” said Consul General Zaldy Patron.

Co-sponsoring the online briefing with the PCG and ACG were the Philippines Chamber Calgary, United Filipino Entrepreneurs Association, and the Filipino-Canadian Women Multipurpose Cooperative.