Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT REDUCING THE RATES OF INCOME TAX IMPOSED ON CORPORATIONS IN THE PHILIPPINES, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
June 30, 2016
Scope
Legislative History
| House Bill/Resolution NO. HB00036 | |
| FULL TITLE : AN ACT REDUCING THE RATES OF INCOME TAX IMPOSED ON CORPORATIONS IN THE PHILIPPINES, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES | |
| ABSTRACT : Lowers the corporate tax rates imposed on corporations by two percent (2%) per year for the next five (5) years from its effectivity and settle at a flat rate of twenty percent (20%). | |
| PRINCIPAL AUTHOR/S : YAP, ARTHUR C. | |
| DATE FILED : 2016-06-30 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Economic | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Sambar (012 2016-08-17) | 2. Floirendo (018 2016-09-05) |
| 3. Marcoleta (045 2016-11-16) | 4. Lobregat (046 2016-11-21) |
| 5. Sy-Alvarado (046 2016-11-21) | 6. Gonzaga (046 2016-11-21) |
| 7. Sarmiento (C.) (046 2016-11-21) | 8. Abu (048 2016-11-23) |
| 9. Nava (074 2017-02-22) | 10. Savellano (004 2017-07-31) |
| 11. Lopez (M.L.) (008 2017-08-08) | 12. Aggabao (008 2017-08-08) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB08083 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2016-07-26 |
Abstract
Lowers the corporate tax rates imposed on corporations by two percent (2%) per year for the next five (5) years from its effectivity and settle at a flat rate of twenty percent (20%)
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.