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Kamara may tax law na epektibo sa pagbagon ng ekonomiya

May 23,2020
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Kamara may tax law na epektibo sa pagbagon ng ekonomiya

May 23,2020
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Kamara

INAMYENDAHAN ni House committee on ways and means chairman at Albay Rep. Joey Salceda ang Corporate Income Tax and Incentives Reform Act (CITIRA) upang mas maging angkop umano ito sa pangangailangan ng bansa.

Ayon kay Salceda isasama sa panukala ang mga rekomendasyon ng mga miyembro ng Kamara de Representantes gaya ng taxpayers relief, mas mabilis na pagbawas sa corporate income tax, at mas maraming incentives para maka-enganyo ng mga investor para dumami ang trabaho.

“House members were able to secure commitments from the economic managers about amendments to lower corporate income tax, provide tax relief for small and medium enterprises that are incurring losses, and allow the country to compete for very attractive investments,” ani Salceda.

Nagpasalamat si Salceda kina Speaker Alan Peter Cayetano at House Majority Leader Martin Romualdez sa pagbuo sa Defeat COVID-19 Committee ng maaga kaya nagkaroon ng mas mahabang oras para matalakay ito at mapaganda.

“That’s why we were also able to come up with a very comprehensive fiscal and economic recovery plan.”

Sinabi ni Salceda na malaki ang maitutulong ng bagong panukala upang mabilis na makabangon ang ekonomiya.

“The House approved this (CITIRA) in 2019. If we enacted it before that year ended, I estimate that we would have had a jobs cushion of between 5 to 12 billion USD in new investments. That’s what used to rile me up about those who delay the passage. They think in terms of what it will cost them in accounting costs – and I dared them to show me, because I don’t believe there would have been losses for most firms – but not in terms of the lost opportunities to do business with new investors in the country,” ani Salceda.

“Anything that adds new business to the Philippines while preserving the existing economic base is a net benefit to the people. This bill definitely does it. Anything that delays that also delays the benefit. New potential investors do not have all the time in the world to wait for us to pass this reform, especially those in search of new homes. We should act at once. That’s why the House will adopt the Senate version if it is fiscally sensible.”

Ang CITIRA umano ay nagsisilbing signal sa mga bansa na naghahanap ng malilipatan sa gitna ng US-China trade tensions.

Pabibilisin ng bagong panukala ang pagbawas sa corporate tax na sisimulan sa pagbawas ng limang porsyento sa unang taon ng pagpapatupad ng CITIRA at isang porsyento hanggang sa maibaba ito sa 20 porsyento.

“We will also be providing a net operating loss carry over (NOLCO) benefit that is available to 99 percent of corporate taxpayers. Essentially, non-large taxpayers will be allowed to carry-over period their net losses in 2020 for two more years. That’s very useful for those who were not able to anticipate the size of losses they would incur this year, and it’s also an incentive to survive basically, because you have to keep operating for the whole validity of the NOLCO benefit.”

Inaasahan maipapasa na sa Hunyo ang panukala.

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