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The Philippine Exporters Confederation Inc. (Philexport) wants the government to offer incentives under the second tax reform package specifically designed for micro, small and medium-sized enterprises (MSMEs). Philexport said that it wanted to see some fiGroup presses tax perks for small firms
The Philippine Exporters Confederation Inc. (Philexport) wants the government to offer incentives under the second tax reform package specifically designed for micro, small and medium-sized enterprises (MSMEs). Philexport said that it wanted to see some fiscal and non-tax incentives in the second tax reform package, which the Department of Finance has recently submitted to Congress. After passing the first package---also known as the TRAIN law---in December last year, the government is now pushing the second in a series of tax reform packages. While the TRAIN law lowered the personal income taxes of many Filipinos and raised consumption taxes, the second package seeks to cut cor...Keep on reading: Group presses tax perks for small firms Read more