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Philippines announces new immigration requirement for 9(g) Commercial Visa holders who are promoted
The Philippines Bureau of Immigration (BI) recently updated the immigration requirements for 9(g) Commercial Visa holders who are promoted within their current company. As of early July 2024, holders of valid 9(g) Commercial Visas who are promoted within their current companies are no longer required to downgrade their 9(g) Visa to a 9(a) Temporary Visitor’s Visa or convert to another 9(g) Commercial Visa. Instead, employers must apply to extend the validity period of these individuals’ current 9(g) Visas.
A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.