MAP supports govt’s

structure the bill allowing measures for the government to generate high

The first package of the DoF’s Comprehensive Tax Reform Program, as contained in the Tax Reform for Acceleration and Inclusion Act (Train), aims to lower personal income taxes, expand the coverage of value-added tax, raise excise taxes, and improve its administration.

Potential revenue from the DoF’s version of the program is estimated to reach P133.8 billion, which will be used to fund the Build Build Build program of the Duterte administration.

“We sympathize with the con- cerns of Congress about burdening the people with higher expenses, but believe that, in - pared by the DoF recognizes this. And that the net effect of lower personal taxes against slightly higher expenses elsewhere will be positive for the [majority] of

The association also said it fully supports the P6 liter tax on fuel as a gradual 3-2-1 peso annual increases over three years could given the timeframe for building infrastructure.

It added, however, that tax on sugary products should be based on the sugar content, not the liquid volume.

“The tax reform is a bold initiative that will serve us well. It will help establish a stronger foundation for the economic growth and social development of the country