THE House of Representatives’ committee on ways and means on Wednesday approved the Corporate Income Tax and Incentives Reform Act (CITIRA) bill, the second package of the Comprehensive Tax Reform Program of the Duterte administration.
Voting 27-2, the panel headed by Albay Rep. Joey Salceda, approved House Bill 313, a substitute for the Tax Reform for Attracting Better and High-quality Opportunities (Trabaho) Bill, which seeks to provide lower corporate tax from 30 percent to 20 percent after 10 years.
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