Governance, Nation, News

No new tax imposition this year – Malacanang

Cbanga360.Net - The Bicol Street Journal

Published         5 Jan , 2014      10:39 am          427 views.

2014_0105_financedep2

MANILA — There will be no new tax imposition this year. This assurance came from Malacanang reassuring the public that there will be no new tax policy to be imposed by the government in 2014.

A palace deputy presidential spokesperson instead said the Aquino administration will continue to focus on efficient tax collection.

Some allies of the administration in Congress have asked the President to adopt a new tax policy or restructure the tax collection system.

Deputy presidential spokesperson Abigail Valte said in a radio interview Saturday that as far the President is concerned, carrying out new tax policy would be a last resort.

Asked if the Palace backs a study on carrying out new tax policy, Valte said it will leave the issue to the Bureau of Internal Revenue.

With regards to the issue of granting tax amnesty for delinquent taxpayers, Valte said it’s up to the BIR to grant an amnesty.

THIS ARTICLE IS RELATED TO    ,

Suggested For You