GPBT - What does GPBT stand for? The Free Dictionary
References in periodicals archive
5-percent gross Philippine billings tax or GPBT
, a form of income tax applied to international airlines or shipping companies.
We have seen the dwindling number of seats available to the Philippines because of the GPBT
and CCT and this is not good since different parts of the country are largely only reachable by air," Cabalza said.
Both international organizations believe that the scrapping of the CCT and GPBT
will increase foreign investments and rapidly develop secondary gateways, noting that neighboring countries have been providing incentives to international air carriers flying their routes as they have seen its benefits to both its trade and tourism.