THE next Administration should push for a lower corporate income tax (CIT) rate in order to allow local enterprises to compete better with their regional peers, Benjamin Punongbayan, founder of Punongbayan & Araullo Grant Thornton, told The Manila Times.

Punongbayan said that to reduce the country’s CIT rate to the same level as that of its regional peers should be one of the priorities of the next administration’s legislative agenda.

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