The Department of Finance (DoF) said it is now estimating the revenue and deficit impact of the substitute measure to the Comprehensive Tax Reform Program (CTRP) bill approved by the House Committee on Ways and Means.

“The substitute bill largely follows the proposal of the DoF with some moderate changes. The team is now estimating the revenue and deficit impact of the substitute measure,” Finance Undersecretary Karl Kendrick Chua said in a statement on Thursday.

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