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Senators revisit Duterte admin's 2nd tax reform package

ABS-CBN News
Posted at Sep 17 12:18 AM

The Duterte administration's second tax reform package, also known as the TRABAHO bill, died in the Senate during the 17th Congress. Read more »

House OKs corporate tax reform bill on final reading, to send measure to Senate

ABS-CBN News
Updated as of Sep 13 07:04 PM

MANILA - The House of Representatives on Friday approved on third and final reading the second round of tax reforms, which would cut corporate income taxes and limit incentives.    Read more »

Exporters bat to keep incentives as tax reform bill advances in House

Warren De Guzman, ABS-CBN News
Updated as of Sep 11 11:00 PM

Electronics and garments exporters joined the call of other industry groups for the government to retain their tax incentives as a bill seeking to limit tax perks advanced in the House of Representatives.  Read more »

BPO group warns corporate tax reform will lead to slower industry growth

Jacque Manabat, ABS-CBN News
Posted at Sep 10 08:36 PM

The group said the measure will hike their tax expenses by up to 170 percent in 2 to 3 years, cause their service rates to increase and erode their ability to compete globally. Read more »

House OKs bill reforming taxes on financial sector and passive income

ABS-CBN News
Posted at Sep 09 10:59 PM

The House of Representatives has approved a bill that seeks to simplify the taxation of passive income, financial services and transactions.  Read more »

Corporate tax reform bill gets Congress nod on 2nd reading

ABS-CBN News
Posted at Sep 09 10:10 PM

MANILA - Lawmakers on Monday approved on second reading a lower House bill that seeks to reduce corporate income taxes and limit fiscal incentives.  Read more »

NGO wary of immediate corporate income tax cuts

ABS-CBN News
Posted at Aug 31 05:33 PM

A non-government group cautions against the planned immediate reduction of corporate income tax that is included in the proposed Corporate Income Tax and Incentive Rationalization Act (CITIRA) bill. Karla Yu of Action for Economic Reforms says the government has to first assess whether or not it could afford the planned reduction even as the country's economic status is due to change in the next few years. She also urges Philippine lawmakers to expedite budget deliberations to speed up the rollout of the government's infrastructure projects. Read more »

PEZA, DTI spar over proposal to rationalize incentives

ABS-CBN News
Updated as of Aug 29 10:13 PM

The Philippine Economic Zone Authority again questioned proposals to rationalize tax perks for select firms, even as the Department of Trade and Industry insisted that changing the system of fiscal incentives was necessary.  Read more »

Panukalang pababain ang corporate income tax, dinidinig sa Kamara

ABS-CBN News
Posted at Aug 14 02:22 AM

Matapos hindi maisabatas nitong nakaraang Kongreso, muling dinidinig sa komite sa Kamara ang panukalang batas na layong pababain ang corporate income tax. Read more »