BOI, MAP partners on investment promotions, assistance to investors’ tax-related matters

The Philippine Board of Investments (BOI), the country’s lead investment promotion agency, sees an intensified, strong government-private sector partnership in promoting the Philippines as an ideal investment destination for global businesses.

Taking off from a productive meeting with the Management Association of the Philippines (MAP) led by its newly-elected President, Atty. Benedicta Du-Baladad last Jan 18, 2023, Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said the association’s commitment to collaborate with the agency on potential investment promotion activities and projects is a very welcome development, noting MAP’s high-regard on supporting many government initiatives in achieving and sustaining a dynamic and inclusive economic growth of the country through expansion of investments, trade, and exports.

“The BOI has always encouraged a close working relationship with the private sector in the implementation of its investments promotion efforts, knowing fully well that the private sector’s expertise, initiatives, and networks within the business community will help the country generate more investments,” Undersecretary Rodolfo said.

Initially, the BOI, through its Investments Promotion Services Team led by Executive Director Evariste Cagatan, will invite MAP to participate in its various investment promotion activities and missions lined up for the year.

The BOI Team will also handle and handhold the referral investors of MAP, helping them with their investment-related concerns.

During the meeting, MAP President Du-Baladad said the association will include as part of the program in its upcoming MAP Congress on Blueprint for Shared Prosperity a briefing of the participants on the investment climate in the country and the advantages and opportunities for investors.

Espousing on the association’s 2023 theme “Bridging and Linking”, Atty. Du-Baladad offered to help the BOI as well in threshing out tax-related concerns of investors including those with expansion plans in the Philippines.

Atty. Du-Baladad also shared with the BOI copies of tax-related publications Digital Tax Watch Philippines and Foreign Investments Watch—all of which are useful for the BOI for its advising its investor clients on tax insights, advisories, and other tax-related content.