PH, Japan sign double tax convention, other deals during Marcos visit

MANILA, Philippines —The Philippines and Japan have signed a landmark agreement on the avoidance of double taxation and several new cooperation deals covering agriculture, health, and human resource development during President Ferdinand Marcos Jr.’s state visit to Japan. Marcos and Japanese Prime Minister Sanae Takaichi witnessed the signing of the double taxation convention (DTC) during their bilateral meeting at the Akasaka State Guest House in Tokyo on Thursday. “Today, we also witnessed the signing of an important agreement on the avoidance of double taxation, which will enhance the business environment and promote greater cross-border investment,” Marcos said during his joint press conference with Takaichi. The President said Manila and Tokyo likewise forged new arrangements aimed at expanding cooperation in agriculture and fisheries, improving equitable access to quality healthcare services, and sustaining long-standing collaboration in human resource development. The two countries also agreed to deepen cooperation in strategic and emerging sectors, including artificial intelligence, space development and applications, energy security, and supply chain resilience. Marcos and Takaichi also announced the start of negotiations for a General Security of Military Information Agreement and discussions on the delimitation of maritime boundaries. “These are very important steps to further strengthen our defense cooperation and to uphold a rules-based maritime order. They will enhance the mutual trust between our two countries,” the President said.

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