The government expects to generate P285.7 billion in net revenue for the first year of implementation of the Comprehensive Tax Reform Program (CTRP)’s five packages, documents released by the Department of Finance (DoF) on Wednesday showed.
CTRP Package 1, which is included in the Tax Reform for Acceleration and Inclusion (Train) bill that was passed by the Lower House of Congress last week, could potentially yield P133.8 billion in net revenue. The bill is now pending at the Senate for approval.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.