MANILA, Philippines — After vetoing several provisions on the recently-signed Tax Amnesty Act, President Rodrigo Duterte has asked the Congress to pass a general tax amnesty bill that would lift bank secrecy for fraud cases. Last week, the Palace confirmed that Duterte vetoed several provisions of the recently-signed Tax Amnesty Act, including the general tax amnesty provision. “With these provisions, the general tax amnesty will meet both its tax administration and revenue purposes,” he added. Presidential Spokesperson Salvador Panelo on Monday said the President vetoed the general tax amnesty as it could encourage people not to pay taxes. “Ayaw niya (President Duterte) ng general tax amnesty.

Source: Philippine Daily Inquirer February 18, 2019 06:56 UTC