The senior vice chairperson of the House committees on ways and means, on appropriations and on economic affairs has given his full backing to the Duterte administration’s resolve to make the Comprehensive Tax Reform Program (CTRP) “ambitious” enough to transform the Philippines into an upper-middle income economy by 2022 and a high income one in one generation or by 2040.
Read MoreVarious organizations led by the Trade Union Congress of the Philippines (TUCP), Financial Executives of the Philippines (FINEX) and the National Tax Research Center (NTRC) are backing the “long-overdue” reforms in personal income tax (PIT) rates proposed by the Department of Finance (DOF) along with other measures to make the tax system simpler, more equitable and more efficient, especially for low- and middle-income taxpayers.
Read MoreA non-government coalition advocating tax and fiscal reforms has expressed its full support for the proposed adjustments in automobile excise taxes as way to help raise revenues that would fund the improvements in the country’s mass transport system.
Read More
Copyright © 2021 Department of Finance