Saturday 15 December 2018
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inquirer - 25 days ago

Tax amnesty bill gets House nod

The House of Representatives on Tuesday approved on final reading a bill which seeks to grant amnesty on all unpaid internal revenue taxes imposed by the national government for taxable year 2017 and prior years. READ: House panel okays general tax amnesty bill Voting 213-7, the chamber gave its approval to House Bill No. 8554 or the proposed Tax Amnesty Act of 2018 which seeks to enhance the revenue administration and collection of the government. With the bill s passage, the government is expected to generate an additional P114.8 billion immediate revenues, clear case backlogs in both administrative and court proceedings, and enhance revenue administration by having a wider ...

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