Concerns raised over tax reform revenues

WHILE the Duterte administration expects to generate about P152 billion from the first year of implementation of additional packages under the Comprehensive Tax Reform Program (CTRP), local and international observers have their doubts.

A first package involving the lowering of personal income taxes in exchange for higher sales and excise taxes is already set to be passed by Congress before the year ends, but officials have warned that legislators have significantly slashed expected revenues.