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Tax reforms, GUIDE are still priorities even without Duterte s push

BusinessWorld July 29, 2021 | 12:34 am Reporters THE LAST TWO packages under the comprehensive tax reform program, as well as a bill equipping state-run banks to lend more to distressed businesses are still priority measures, officials said, even if President Rodrigo R. Duterte did not mention these during his last State of the Nation Address (SONA). In a Viber message on Wednesday, Finance Assistant Secretary Maria Teresa S. Habitan said they would seek an urgent certification on the proposed Passive Income and Financial Intermediary Taxation Act (PIFITA) and the Real Property Valuation and Assessment Reform Act “as soon as they are approved on second reading at the Senate.”

Senate tags tax reform, virology institute as among priority bills

By CONSUELO MARQUEZ, GMA News Published July 25, 2021 2:33pm As the third regular session of 18th Congress opens on Monday, Senate will prioritize bills on tax reforms as well as the creation of Virology Institute of the Philippines that aims to prepare the country for future pandemics. In a statement, Senate President Vicente Sotto III said priority bills of the upper chamber include: Amendments to the Foreign Investment Acts (FIA), Amendments to the Public Service Act (PSA), Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE), Department of Migrant Workers and Overseas Filipinos Act, Package 4 of the Comprehensive Tax Reform Program (CTRP) or the Passive Income Tax and Financial Intermediary Tax Act (PIFITA),

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