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TRAIN Package 2 aims to boost pro-poor investments, create jobs

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

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Business leaders back corporate tax reform

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