The latest tax relief will cover the year 2020 based on Executive Order No. 126 signed by President Duterte last March 4. The order will take effect immediately after publication in the Official Gazette or a newspaper.
“All interests and penalties on such deficits RPT liabilities are hereby condoned and the concerned IPPs are relieved from payment thereof,” the order read.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.