The House Committee on Ways and Means approved House Bill 176, also known as Tax Reform for Attracting Better and High-quality Opportunities or TRABAHO Bill.
Under the measure, the corporate tax rate will be cut by 2 percent every 2 years starting January 2021, until it reaches 20 percent by January 2029.
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House panel sends bill seeking to raise excise tax on alcohol products for plenary deliberationThe House Committee on Ways and Means
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House substitutes bill on alcohol tax hike to also include e-cigarette taxJust before it is approved on 2nd reading, the bill increasing taxes on alcoholic drinks is substituted with a new version that expands its coverage.
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Another House bill seeks P50-billion reparation for Marawi siege victimsCOTABATO CITY – Another House bill proposing a larger sum representing reparation for damages wrought by the 2017 Marawi siege has been re-filed by Lanao del Sur (First District) Rep. Ansaruddin A. Adiong after the 17th Congress failed to act on it.
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House Bill seeks to authorize city, municipal mayors to approve extraction, quarrying permitsNegros Oriental Rep. Jocelyn S. Limkaichong is proposing to empower the city and municipal mayors to issue permits to extract sand, gravel and other quarry resources. Binabaha na nga tayo tapos mag babawasan nyo pa ang mga bato na sumusuporta sa kalupaan natin? Mga gago ba kayo? It will be abused!
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Bill raising taxes on alcoholic drinks advances to House plenaryIt takes a single hearing for the bill raising the taxes on alcoholic beverages to advance to the House plenary. Mga mambabatas,use your common sense,sa palagay nyo Kya sa sobrang taas na Ng mga alcoholic drinks may bibili pa Kyadyan sa nagsasabi na makaka collect Ng ganoong kalaki na taxes,in your dreams Kasi Wala Ng bibili Ng mga alcoholic drinks!!!!!!!
Source: CNN Philippines - 🏆 13. / 63 Read more »
House panel OKs second tranche of tax reformThe House Ways and Means committee has approved the Corporate Income Tax and Incentives Reform bill, formerly known as the TRABAHO bill, which seeks to reduce corporate income tax rates and update the current fiscal incentives program.
Source: CNN Philippines - 🏆 13. / 63 Read more »