4 months House approves CITIRA bill on final reading MB
By Ellson Quismorio The House of Representatives approved on third and final reading Friday House Bill (HB) No.4157, the proposed Corporate Income Tax and Incentive Rationalization Act (CITIRA). House of the Representatives (Manila Bulletin File Photo) CITIRA, formerly dubbed the Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO) bill received 170 “yes” votes from congressmen during nominal voting. Eight House members, mostly from the militant Makabayan Bloc which is part of the Minority, voted “no”. Six House members abstained from voting. CITIRA represents the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP), which began with the ... more