5 March 2020

Makati Business Club urges Congress to expeditiously pass the corporate income tax and incentives rationalization legislation that it has been considering for almost two years. We strongly believe in both thrusts. We commend the Administration and Congress for advancing rationalization, which has been under seemingly intractable discussion for two decades. While there remain strong differences of opinion on some key provisions of the final bills that need to be addressed, passing the law will provide long-delayed certainty that will help the Philippines to compete for job-creating investments.

(MBC is also a signatory of the joint statement issued by 10 business-related organizations.)