CARLOS FEDERICO C. DE GUZMAN

Significant changes in corporate taxation are proposed in House Bill No. 8083, otherwise known as the Tax Reform for Attracting Better and High-quality Opportunities or TRABAHO, the second package of the government’s comprehensive tax reform program. In this version, one of the proposed changes is the projected decrease of normal corporate income tax rates, which shall be reduced by two percent every two years over a 10-year period. Currently, the normal corporate income tax rate is 30 percent.

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