February 4, 2026
Ministry of Finance
New Tax Convention with the Philippines Agreed in Principle
1. The Government of Japan and the Government of the Republic of the Philippines have agreed in principle on the new Convention replacing the existing Tax Convention (Convention between Japan and the Republic of the Philippines for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income) which entered into force in 1980 and was partly amended in 2008.2. The new Convention reinforces or introduces provisions for clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance, and is expected to promote further mutual investments and economic exchanges between the two countries.
3. The new Convention will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the Convention will enter into force after the completion of the domestic procedures in each of the two countries (in Japan, approval by the Diet is necessary).