Tax reform will lead to price stability

A ranking Bangko Sentral ng Pilipinas (BSP) official said the Finance department’s tax reform proposal will help ensure price stability in the country.

Last March, the House of Representative’s Ways and Means Committee approved in principle the first package of the Department of Finance’s (DoF) Comprehensive Tax Reform Program (CTRP) and decided to form a Technical Working Group (TWG) to study it further.

Finance officials hope that lawmakers will give their thumbs up on the tax reform measure by the middle of this year.

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