THE Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) is seeking for the sector a corporate income tax (CIT) lower than that proposed under the second package of the government’s Comprehensive Tax Reform Program.

In a press conference during the Philippine Semiconductor and Electronics Convention and Exhibition (PSECE) 2018 at SMX Convention Center in Pasay City on Wednesday, Seipi President Danilo C. Lachica said the industry would ask the government to “consider that, instead of a 15-percent CIT, it should be 10 percent, inclusive of all local business taxes and real property tax.”

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