Comparative Assessment of Proposals to Amend the Personal Income Tax Law
Published By: Philippine Institute of Development Studies (PIDS) | Published Date: November, 01 , 2015Proposals to reform the personal income tax has gained prominence in recent months. To date, personal income tax reform is part and parcel of the platform of a number of the candidates in the 2016 presidential elections. This paper aims to evaluate the various proposals in both houses of Congress to amend the existing personal income legislation. Proposals to amend the personal income tax schedule appear to be well-justified from the perspective of (i) the need to eliminate the bracket creep and (ii) easing the tax burden on Filipino personal income taxpayers relative to their ASEAN neighbors.
Author(s): Rosario G. Manasan | Posted on: Feb 25, 2016 | Views()