The Philippines, despite the on-going Comprehensive Tax Reform Program (CTRP) of the “Corporate Income Tax and Incentives Reform Act” or CITIRA, can still convince local and foreign investors not to move out of the country.
TRABAHO Bill
The Philippine Economic Zone Authority (PEZA) requested for their exclusion from the rationalization of fiscal incentives under House Bill (HB) No. 4157, also known as the “Corporate Income Tax and Incentives Reform Act (CITIRA).”
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.