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Metro Manila (CNN Philippines, January 17) - The ratification of a proposed tax reform and third reading approval of the amendments to the anti-money laundering law are among the Senate’s priorities as it resumes session on Monday.
In a statement, Senate Majority Leader Juan Miguel Zubiri said the chamber will also focus on the ratification of the coconut levy trust fund bill and the bill seeking to simplify the procedure and requirements in granting land deeds to farmers.
The Corporate Recovery and Tax Incentives for Enterprises, which is the second package of the Tax Reform for Acceleration and Inclusion Law, aims to cut corporate income taxes from 30% to 25% for all corporations and 20% for smaller businesses.