With 258 congressmen voting "yes", the House approved on third and final reading Monday afternoon, Nov. 14 the fourth package of the government’s Comprehensive Tax Reform Program (CTRP). (PPAB) Formerly known as the Passive Income and Financial Intermediary Taxation Act (PIFITA), the fourth...
FROM THE MARGINS Last week, House Speaker Martin Romuldez vowed to pass by December the administration’s priority bills, including the Passive Income and Financial Intermediary Taxation Act (PIFITA), the last tranche of the government’s Comprehensive Tax Reform Program. The PIFITA is laudable...