House approves Trabaho bill 72 SHARES Share it! Voting 184 for and 14 against the Lower House approved House Bill 8083 the second package of the Duterte administration’s tax program, notwithstanding lingering suspicions aired by various investors and corporate stakeholders that it would only trigger. Without exhaustive deliberations and clearcut, reliable figures to back up this measure, it was doomed from the start,” stated Akbayan Partylist Rep. Tom Villarin. The Duterte administration’s financial managers are convinced that TRABAHO will encourage investment by bringin down the corporate income tax. Corporations, the bill mandates, will no longer have the option to avail of 15 percent income tax while radio, television and broadcasting firms will pay both franchise tax and value added tax.

Source: Manila Bulletin September 10, 2018 08:19 UTC