BERLIN: The government has proposed tax reforms to Congress that will raise as much as US$206.8 billion in additional revenue annually.
The reforms include lowering income tax rates that will be offset by other measures including an increase in automobile and fuel excise taxes that some lawmakers and advocacy groups oppose.
Administrative reforms are also being undertaken to improve tax collection, Mr Dulay said, including expanding a BIR unit that monitors tax compliance among the country’s top 3,000 corporations, which account for 75 per cent of total tax revenue.
The BIR has also started simplifying forms and procedures for small taxpayers to encourage tax compliance and ease payments, he said.