The tax agency said that it also streamlined the verification procedures in the process.
To recall, the PCCI urged the government in December of last year to revisit the Philippine Economic Zone Authority‘s VAT refund policies, citing complications arising from the enactment of the Corporate Recovery and Tax Incentives for Enterprises Act in 2021. This meant that registered firms which used to enjoy the tax incentives were then required to submit a number of documents proving that they satisfy the conditions provided for under the tax reform.
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Political will necessary to make food affordable, says PCCI’s Barcelon | Andrea E. San JuanPOLITICAL will is necessary to resolve the problems that have hampered the agriculture sector and ensure the availability of affordable food, according to Philippine Chamber of Commerce and Industry (PCCI) President George T. Barcelon. “The issue on agriculture...a lot of actions kailangan may political will,” Barcelon told reporters on the…
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