SUPORTADO ng pinakamalalaking business groups sa bansa ang nakabimbing panukala na naglalayong ibaba ang corporate income taxes at i-rationalize ang fiscal incentives system.
“We, the undersigned business and professional organizations, jointly express our support for Senate Bill (SB) No. 1357, the Senate version of the Corporate Income Tax and Incentives Reform Act (CITIRA) which is a core component of the Duterte administration’s Comprehensive Tax Reform Program that seeks to make the corporate tax system simpler, fairer, equitable, regionally competitive and more efficient,” nakasaad sa joint statement ng nasabing mga business group.
Ang signatories sa joint statement ay kinabibilangan ng Anvil Business Club, Bankers Association of the Philippines, Federation of Filipino Chinese Chambers of Commerce & Industry, Financial Executives Institute of the Philippines, Foundation for Economic Freedom, Management Association of the Philippines, Makati Business Club, Organization of Socialized Housing Developers of the Philippines, Subdivision and Housing Developers Association, at UP School of Economics Alumni Association.
“We support CITIRA as it seeks to reduce the corporate income tax (CIT) rate from 30% to 20%, a rate that will eventually put us within the ASEAN range, and at par with our closest regional counterparts Thailand, Vietnam and Malaysia,” sabi pa ng grupo.
Iginiit nila na hindi lamang sa paghikayat ng foreign investments magiging higit na kumpetitibo ang bansa dahil sa CITIRA.
“It will also make our domestic corporations more competitive as they expand their operations or bring their goods in the international market.”
“We support the CITIRA as it will modernize the fiscal incentives system,” sabi pa nito.
“We believe in the underlying principles of having a tax incentives system that is transparent, performance-based, targeted and time-bound. We believe in the equitable sharing of the tax burden, as we believe in the equitable enjoyment of living in an orderly, healthy and prosperous society,” dagdag pa nito.
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