10 months PEZA head: I’m not ‘sensationalizing’ Citira Manilatimes |Biz
THE chief of the Philippine Economic Zone Authority (PEZA) on Friday denied Trade Secretary Ramon Lopez’s accusation that she was sensationalizing House Bill 4157, or the “Corporate Income Tax and Incentives Rationalization Act” (Citira).
Trade Secretary Ramon Lopez. (TMT File Photo)In a statement, PEZA Director General Charito Plaza said she was just expressing the concerns of various industries over the proposed second package of the government’s Comprehensive Tax Reform Program, whose testimonies “speak louder.” Different business groups have urged lawmakers to maintain the incentives currently enjoyed by mostly foreign companies, which Citira proposes to rationalize. They warned that their ... more