MANILA, Philippines - Additional taxes on foreign airlines may soon be lifted.
BusinessWorld reported the House of Representatives has adopted the Senate version of a bill granting income tax exemptions to international carriers.
House ways and means committee chairman Isidro Ungab says with the bill, the country can attract more flights, thus more tourists.
Currently, foreign carriers are required to pay a 2.5% gross Philippine billings tax and a 3% common carriers tax.
This has prevented foreign airlines from mounting more flights to Manila and has ended direct flights to Europe. - ANC