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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.”

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