Finance Secretary Carlos Dominguez III has asked the Senate to consider the reduction of the corporate income tax rate to 25 percent from 30 percent starting July 2020 to stimulate the economy amid the coronavirus disease (Covid-19) pandemic. Dominguez is pushing for...
Following clamor from taxpayers sidelined by the quarantine, the Bureau of Internal Revenue (BIR) has extended the deadline for the filing of the 2019 annual income tax returns by a month, to May 15, 2020. The announcement was made on Thursday by the Department of...
