Tax reform in the limelight

As the new administration begins to make its mark, the opportunity to initiate changes in the way things work in government is up for grabs. President Duterte’s 10-point socioeconomic agenda, for one, paves the way for age-old issues, such as those of the tax system, to gain traction and be addressed.
It has been three decades since the current tax system took effect, and two decades since the last comprehensive tax reform. A lot of changes have happened during all those time, especially in terms of economy.
That said, the issue of tax reform, being the top priority on Duterte’s aforementioned agenda, is in the limelight once again, and has a huge chance of being resolved this time around. The Department of Finance’s Comprehensive Tax Reform Package has already been adopted by Congress, through Rep. Dakila Cua’s HB 4774 (TRAIN).
In this light, The Philippine Tax Whiz, Mon Abrea, and the Center for Strategic Reforms of the Philippines (CSR Philippines) are aggressively pushing for a redress of the tax system—even of the Bureau of Internal Revenue itself. And what better way is there for tax advocates, the government and the Filipino taxpayers to reach an understanding on this issue than through a direct interaction?
Hear Abrea address the challenges the new administration faces in managing—and overhauling—the Filipino tax system, in a special interrogation of BIR Deputy Commissioner Clint Aranas at the Asia CEO Tax Forum on Feb. 1, 2017, at the Manila Marriott Hotel. The event is in partnership with PLDT ALPHA, with Elite Sponsorship by AIG, Daiichi Properties, DB Schenker, IBEX Global, JLL, LBC Business Solutions, Meralco, Regus, Sprout Solutions and Trends and Concepts.
Interested? Register here: bit.ly/AsiaCEOTaxForum

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