PCCI, DOF holding nationwide tax reform caravan
THE Department of Finance (DOF), in partnership with the Participatory Governance ClusterOpen Government Partnership (PGC-OGP) led by the Departments of Budget and Management ( DBM) and Interior and Local Government (DILG), and the Philippine Chamber of Commerce and Industry (PCCI) will stage a series of dialogues across 2018 to inform the public about the Duterte administration’s newly enacted Tax Reform for Acceleration and Inclusion (TRAIN) law and the proposed reform package on corporate taxation and the
This tax reform roadshow will be held in the cities of Makati, Baguio, Clark, Bacolod, Tacloban, Cebu, General Santos and Zamboanga with the support of the USAID’s Facilitating Public Investments Project (FPI) and PCCI.
DOF Undersecretary Karl Chua and Assistant Secretary Teresita Habitan will lead the panel of speakers from the government, while lawyer Benedicta Du-Baladad and Tomas Lipana, the cochairpersons of PCCI’s Taxation Committee, will represent the business sector. Legislators from both Senate and House of Representatives have also been invited to speak in the roadshow.
The tax caravan is scheduled in Bacolod City (Jan. 31), General Santos City (Feb. 7), Subic/Clark (Feb. 13), Zamboanga City (Feb. 21), Makati City (Feb. 28), Cebu City (Mar. 2), Baguio City (March 7) and Tacloban City (March 23).
PCCI president Ma. Alegria Limjoco welcomed the initiative as a platform to solicit and generate business sentiments and positions on the proposed tax measure.
“We thank the DOF and the USAID-FPI for getting PCCI again as their partner in rolling out this campaign. We fully recognize the efforts of government to raise revenue to support its infrastructure projects and we hope that the proposed measure, once passed into law, would be
Edgardo Lacson, PCCI’s director for taxation, pointed out that lowering the corporate income tax is the rational next step after the reduction of personal income tax (PIT) rates under the TRAIN law, which took effect last Jan. 1.