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DOF tells Congress: Rest of tax reform package for modern PH economy

By: - Reporter / @daxinq
/ 05:09 PM August 29, 2019

Congress would have to pass the remaining packages of the Duterte administration’s comprehensive tax reform program (CTRP) to ensure there’s a steady source of funds that would help modernize the Philippine economy, the Department of Finance (DOF) said on Thursday (Aug 29).

In a statement, Finance Undersecretary Gil Beltran, DOF chief economist, said the proposed tax reforms would ensure equitable distribution or funds for social and infrastructure programs.

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It would also lead to financial stability in the long run, he said.

The tax reform packages were expected to yield P187 billion in additional revenue./TSB

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TAGS: DoF, economy, Reform, revenue, taxes
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