Senate may set aside tax bills over COVID-19
Excerpt
The Senate might put aside the remaining packages of the comprehensive tax reform program (CTRP) should the economic woes arising from the coronavirus disease (COVID-19) outbreak worsen, Senate President Vicente Sotto III said Saturday.
"'Yung mga naka-pending sa amin na mga CITIRA, PIFITA, 'yung mga bill ng Department of Finance (DOF) baka maano muna 'yan... kung lalala ang sitwasyon di muna kami kikilos diyan," Sotto said during the weekly In Focus news forum in Quezon City.
The CITIRA or the Corporate Income Tax and Incentives Rationalization Act was the second package of the Duterte Administration's CTRP. The measure would gradually lower the corporate income tax by one percent every year, bringing it down from 30 percent to 20 percent by 2030.
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GMA News. (2020, March 3). Senate may set aside tax bills over COVID-19. Daily Guardian, 8.
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