Proposed tax relief measures could cost government P75 billion annual revenues

THE Philippine government stands to lose P75 billion in revenues in the event that congress passed the nine proposed measures seeking different types of tax relief, the Bureau of Internal Revenue (BIR) said Tuesday.

Commissioner Kim Heneres of the BIR, during the Senate ways and means committee hearing to discuss the different tax relief proposals referred to the panel, said that the tax bureau cannot support the proposals because the country is still on a deficit.