11 months House panel OKs bill lowering corporate income tax MB
By Charissa Luci-Atienza  The House Committee on Ways and Means overwhelmingly approved on Wednesday a bill seeking to reduce the corporate income tax rate from 30 percent to 20 percent and rationalize the grant of fiscal incentives to investors and locators. House of the Representatives (ALVIN KASIBAN/ MANILA BULLETIN/ FILE PHOTO) Voting 27 for and 2 against, the House panel, chaired by Albay Rep. Joey Salceda, passed House Bill 313, the Corporate Income Tax and Incentive Rationalization Act (CITIRA) Bill. The measure is the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP). “This is a national imperative. ... more