Philippine finance chief seeks cut in corporate tax to 20% from 30%, over 10 years

MANILA, Philippines — The Department of Finance (DOF) is pushing for the passage of the Corporate Income Tax and Incentives Rationalization Act (Citira) to attract foreign investors and revive the pandemic-battered economy.

Finance Secretary Carlos Dominguez III made the appeal in a meeting with President Duterte and other high-ranking government officials on Monday night.