House of Representatives (MANILA BULLETIN File photo/Alvin Kasiban) These are the effective implementation of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE); a fiscally sustainable framework for military pensions; and a bevy of tax administration and enforcement measures, Salceda, the House panel’s chairman, said. “We are trying to avoid new taxes, unless they are for sectors that won’t get hurt by taxes, like POGO (Philippine Offshore Gaming Operators) or e-sabong. Our focus now is really to secure the legacy of President Duterte’s tax reforms and to work on what we still can with the final year,” Salceda said in a statement.
House panel okays bill on ease of paying taxes visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
Published January 25, 2021, 2:54 PM
Recognizing that benefits of high taxpayer morale cannot be understated, the House Committee on Ways and Means approved Monday the proposed Ease of Paying Taxes Act which seeks to introduce administrative tax reforms to the country’s National Internal Revenue Code of 1997.
(Cong. Joey Salceda’s office / FILE PHOTO / MANILA BULLETIN)
After more than two hours of virtual deliberations, the House panel, chaired by Albay Rep. Joey Salceda, approved House Bill No. 7881 that he principally authored, subject to style and amendments.
The bill seeks to amend Sections 21, 22, 51, 56, 58, 77, 81, 90, 91, 103, 106, 108, 110, 113, 114, 128, 200, 236, 237, 238, 245, and 264, and add Sections 291 and 292 of Republic Act No. 8424, otherwise known as the NIRC of 1997, as amended.