Thursday 19 July 2018
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4 months ago

Bill lowering corporate income taxes filed in House

Businesses will enjoy lower corporate income taxes next year but investors across a broad range of industries will lose their fiscal perks under the second installment of the Duterte administration s tax reform package filed by House leaders this week. Tax evaders will also be punished with bigger fines and longer jail terms under the proposed Corporate Income Tax and Incentives Reform Act, which will complement the Tax Reform for Acceleration and Inclusion Act that took effect this year. On Wednesday

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