PCCI backs reforms to curb LOA abuse - News Summed Up

PCCI backs reforms to curb LOA abuse


PCCI backs reforms to curb LOA abuseMANILA, Philippines — The country’s largest business group has expressed support for initiatives aimed at addressing the reported abuse and misuse of letters of authority (LOAs) within the Bureau of Internal Revenue (BIR). “Tax enforcement must be firm, but it must also be fair. Any misuse of audit and investigation powers erodes trust, creates uncertainty for businesses and discourages voluntary compliance,” PCCI president Enunina Mangio said. Left unchecked, the PCCI said these practices bring undue pressure to businesses and weaken their confidence in the tax system. While strong enforcement is necessary for revenue generation, the PCCI emphasized the need for balance through clear safeguards to protect and ensure accountability of both the government and businesses.


Source: Philippine Star December 28, 2025 16:32 UTC



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