Philexport welcomes 25% CIT proposal to help business, exports recover

26 May 2020 | The head of the country’s umbrella organization of exporters welcomes government calls to reduce the corporate income tax rate to 25 percent and swiftly pass the Corporate Income Tax and Incentives Reform Act (Citira) to provide relief to “overburdened” businesses, particularly micro, small and medium enterprises (MSMEs) in this pandemic.