By Filane Mikee Cervantes (PNA)
MANILA — The House of Representatives’ ways and means committee on Monday approved the proposed tax amnesty program in a bid to enhance revenue administration and collection.
The panel, chaired by Nueva Ecija Rep. Estrellita Suansing, approved an unnumbered substitute bill, which seeks to grant amnesty on all unpaid impositions levied by government for taxable year 2017 and prior years.
The substitute bill consolidated House Bills No. 3655, 3832, 4011, 4133, 4412 and 7105.
The tax amnesty bill is Part B of the recently-enacted Tax Reform for Acceleration and Inclusion (TRAIN) law.
It includes a general and estate tax amnesty, and relaxation of the Bank Secrecy Law.
It also constitutes tax amnesty on delinquencies and amnesty for customs duties and taxes collected by the Bureau of Customs.
