Implementing only the proposed reductions in personal income tax (PIT) rates without its accompanying reforms in tax policy and administration would torpedo the government's anti-poverty agenda, jack up its debt-servicing…
Finance Undersecretary Karl Kendrick Chua said that “substantial progress” has been achieved in the Comprehensive Tax Reform Program (CTRP) bill now pending in the Congress after the House ways and…
The Department of Finance (DOF) said a consensus-building approach has enabled the Duterte administration to refine the tax reform package it has originally submitted to the Congress, taking into account…
The Duterte administration’s unmatched infrastructure buildup over the next five years will be funded by a combination of resources from its proposed comprehensive tax reform program (CTRP), foreign development aid…
Call center agents and other employees with a monthly income of P21,000 will be exempted from paying the personal income tax (PIT), generating savings of over P20,000 annually, under the…
Call center agents and other employees with a monthly income of P21,000 will be exempted from paying the personal income tax (PIT), generating savings of over P20,000 annually, under the…
The main authors of the Comprehensive Tax Reform Program (CTRP) in the Congress said their combined proposals to convert the current tax system into a more progressive one will help…
Senate President Aquilino Pimentel Jr. himself has filed a counterpart measure to the Duterte administration’s pending tax reform bill in the House of Representatives as he underscored the importance of…
Phoenix Petroleum has announced plans to voluntarily pre-pay excise taxes due for its gasoline and petroleum-based product sales in 2017 to demonstrate its full support for the Comprehensive Tax Reform…
The government’s experience in 2009 of a massive erosion in revenues as a result of the Congress’ failure the year before to approve a revenue-neutral package in its entirety underscores…
