Philippines Sees March Passage of Measure Cutting Corporate Tax

Philippine lawmakers are expected to pass in March a bill that will cut corporate income tax and rationalize fiscal incentives for businesses, Finance Secretary Carlos Dominguez says.

• Economy is “firing on all cylinders” this year due to higher infra spending and low inflation that’s boosting consumer spending, Dominguez says at the Foreign Correspondents Association of the Philippines forum in Manila
• Tax collection from online casinos expected to significantly rise this year from 6.42b pesos in 2019
• Review of contracts with provisions deemed burdensome to government and consumers is aimed at protecting taxpayers
• NOTE: In September: House Approves Bill That Will ...