A leader of the House of Representatives on Wednesday urged Congress to prioritize the passage of the tax amnesty bill over the Tax Reform for Attracting Better and High quality Opportunities, also known as the “Trabaho law.”
At a news conference, Minority Leader Danilo Suarez of Quezon said the tax amnesty bill will provide “a clean state” for taxpayers leading to compliance to national tax policies, increased revenue collection and reduced corruption, which he claimed has “become a culture in the BIR [Bureau of Internal Revenue].”
“The new tax amnesty bill, when enacted, will provide a clean slate for delinquent taxpayers and will encourage all taxpayers, especially low-income and middle-income earners, professionals and even overseas Filipino workers to avail [themselves] of this program and register to the Bureau of Internal Revenue,” Suarez, one of the authors of the bill, said.
Suarez claimed that “TRAIN [1] only worsens the condition of [the] economy” despite the P1.41-trillion total revenue collection in the first half of 2018, reportedly 9 percent higher than the target, according to the report by the Bureau of Treasury.
“We can say that the increased collection was due to the implementation of the first package of TRAIN. However, TRAIN only worsens the condition of our economy,” he said.
“My point is, when we passed TRAIN, we were all affected.… They said that the public will benefit from the TRAIN. I checked the [House Committee on] Ways and Means, and I can’t see why [you] would increase tax for basic commodities when the economy is bad. That’s not the right time to pass taxes,” he added.
https://businessmirror.com.ph/house-leader-urges-priority-passage-of-tax-amnesty-bill/
At a news conference, Minority Leader Danilo Suarez of Quezon said the tax amnesty bill will provide “a clean state” for taxpayers leading to compliance to national tax policies, increased revenue collection and reduced corruption, which he claimed has “become a culture in the BIR [Bureau of Internal Revenue].”
“The new tax amnesty bill, when enacted, will provide a clean slate for delinquent taxpayers and will encourage all taxpayers, especially low-income and middle-income earners, professionals and even overseas Filipino workers to avail [themselves] of this program and register to the Bureau of Internal Revenue,” Suarez, one of the authors of the bill, said.
Suarez claimed that “TRAIN [1] only worsens the condition of [the] economy” despite the P1.41-trillion total revenue collection in the first half of 2018, reportedly 9 percent higher than the target, according to the report by the Bureau of Treasury.
“We can say that the increased collection was due to the implementation of the first package of TRAIN. However, TRAIN only worsens the condition of our economy,” he said.
“My point is, when we passed TRAIN, we were all affected.… They said that the public will benefit from the TRAIN. I checked the [House Committee on] Ways and Means, and I can’t see why [you] would increase tax for basic commodities when the economy is bad. That’s not the right time to pass taxes,” he added.
https://businessmirror.com.ph/house-leader-urges-priority-passage-of-tax-amnesty-bill/
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