During his fourth State of the Nation Address, President Rodrigo Duterte requested the Congress to pass the “Tax Reform for Attracting Better and Higher-quality Opportunities” bill, more commonly known as TRABAHO bill.
Tax Incentives
The Philippine Economic Zone Authority (PEZA) will hire an independent auditing firm to determine the impact of their tax incentives towards the Philippine economy. This comes after claims of revenue loss caused by PEZA”s Income Tax Holidays (ITH) and other benefits according to the Department of Finance (DOF).