P4

Finance Assistant Secretary Paola Alvarez has asserted the legality of Package 2 of the Tax Reform for Acceleration and Inclusion Act (TRAIN), claiming that there are no vested rights in the grant of tax incentives to certain businesses because these are “mere statutory privileges, and as such, its granting may be modified or withdrawn at the Read More

P4

Secretary Carlos Dominguez III has cited the implementation of the first package of the Comprehensive Tax Reform Program (CTRP), which led to a dramatic increase in revenue collections, plus the inroads done in cutting red tape to improve the ease of doing business as among the foremost achievements of the Department of Finance (DOF) in Read More

P4

The second package of the Duterte Administration’s Tax Reform for Acceleration and Inclusion (TRAIN) seeks to lower the corporate income tax paid by some 95 percent of businesses, while at the same time retaining and providing new fiscal incentives for deserving recipients that will contribute to national development and help generate pro-poor investments and jobs​. Read More

P4

The country’s business leaders have expressed their full support for the Duterte administration’s proposed reforms in corporate taxation and the grant of investment incentives, which they described as “a bold move” to sharpen the Philippines’ competitiveness in the region.   In a letter to Finance Secretary Carlos Dominguez III, the Management Association of the Philippines (MAP) said Read More