MANILA, Philippines – President Rodrigo Duterte has issued a partial veto on the Tax Amnesty Act, a measure which seeks to provide amnesty for delinquent taxpayers. ADVERTISEMENTMalacañang, however, is yet to explain which provisions of the bill were vetoed by Duterte. The President has a line-item veto power for any budget, tax and tariff bill passed by Congress. The tax amnesty bill would provide for a one-time opportunity to settle tax obligations, including estate taxes, general taxes and delinquent accounts, for those who failed to pay these for the year 2017 and earlier. Those who avail themselves of the amnesty program would be immune from the payment of all taxes and the filing of civil, criminal and administrative cases and penalties.

Source: Philippine Daily Inquirer February 15, 2019 15:46 UTC